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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 24, 2017
Dec. 25, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 580,735 $ 596,626
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 159,040 151,627
Deferred income taxes (228,274) 42,248
Equity-based compensation expense 83,907 70,850
Loss on extinguishment of debt 0 36,325
Amortization of note discounts and issuance costs 9,127 13,032
Other, net 5,461 15,515
Changes in operating assets and liabilities 277,014 (48,901)
Net cash provided by operating activities 887,010 877,322
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures and intangible assets (144,757) (78,492)
Business acquisition, net of cash acquired (115,697) 0
Purchases of available-for-sale securities (2,251,486) (2,370,910)
Sales and maturities of available-for-sale securities 1,928,011 811,732
Transfers of restricted cash and investments 221 (4,754)
Other, net (14,996) (8,041)
Net cash used for investing activities (598,704) (1,650,465)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on long-term debt and capital lease obligations and payments for debt issuance costs (349,249) (1,616,641)
Net proceeds from commercial paper 798,947 0
Proceeds from borrowings on revolving credit facility 750,000 0
Repayments of borrowings on revolving credit facility (750,000) 0
Treasury stock purchases (1,266,835) (69,522)
Dividends paid (145,865) (96,449)
Reissuance of treasury stock related to employee stock purchase plan 34,057 19,320
Proceeds from issuance of common stock 4,115 4,580
Other, net 4 (54)
Net cash used for financing activities (924,826) (1,758,766)
Effect of exchange rate changes on cash and cash equivalents 4,159 (3,453)
Net decrease in cash and cash equivalents (632,361) (2,535,362)
Cash and cash equivalents at beginning of period 2,377,534 [1] 5,039,322
Cash and cash equivalents at end of period 1,745,173 2,503,960
Schedule of non-cash transactions:    
Accrued payables for stock repurchases 0 8,382
Accrued payables for capital expenditures 29,031 24,216
Dividends payable 79,743 73,338
Transfers of inventory to property and equipment, net $ 29,977 $ 23,828
[1] Derived from audited financial statements