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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 02, 2016
Jun. 27, 2015
Jun. 28, 2014
Cash flows from operating activities:      
Net income $ 506,531 $ 571,913 $ 545,604
Non-cash and other reconciling items:      
Depreciation 98,403 95,645 92,464
Amortization 28,076 51,674 44,724
Deferred income taxes 122,734 18,436 (15,644)
Stock-based compensation 56,908 62,006 45,916
Other, net 48,333 87,649 88,687
Changes in (net of effects from businesses acquired):      
Receivables 25,642 (204,114) (306,873)
Inventories (367,684) (73,226) (226,141)
Accounts payable (114,335) 156,565 48,651
Accrued expenses and other, net (180,293) (182,665) (79,970)
Net cash flows provided by operating activities 224,315 583,883 237,418
Cash flows from financing activities:      
Issuance of notes, net of issuance costs 541,500    
Repayment of notes (250,000)   (300,000)
Borrowings (repayments) under accounts receivable securitization, net 80,000 35,000 255,000
Borrowings (repayments) of bank and revolving debt, net 142,840 (115,173) 38,765
Repurchases of common stock (Note 4) (380,943) (159,984) (8,616)
Dividends paid on common stock (88,594) (87,330) (82,755)
Other, net (11,448) (13,501) 9,109
Net cash flows provided (used) for financing activities 33,355 (340,988) (88,497)
Cash flows from investing activities:      
Purchases of property, plant and equipment (147,548) (174,374) (123,242)
Acquisitions of businesses, net of cash acquired (Note 2) (19,675)   (116,882)
Other, net 14,710 (11,969) 2,666
Net cash flows used for investing activities (152,513) (186,343) (237,458)
Effect of currency exchange rate changes on cash and cash equivalents (6,232) (52,970) 8,165
Cash and cash equivalents:      
- increase (decrease) 98,925 3,582 (80,372)
- at beginning of period 932,553 928,971 1,009,343
- at end of period $ 1,031,478 $ 932,553 $ 928,971