Discontinued Operations (Tables)

3 Months Ended

Oct. 01, 2016

Discontinued Operations and Disposal Groups

Schedule of assets and liabilities classified as held for sale

	October 1,		July 2,
	2016		2016
	(Thousands)
Receivables, less allowances of $36,452 and $39,356, respectively	$	1,945,304	$	2,171,442
Inventories		226,668		266,572
Prepaid and other current assets		57,487		59,948
Total current assets		2,229,459		2,497,962
Property, plant and equipment, net		153,194		159,449
Goodwill		661,812		659,368
Intangible assets, net		51,571		55,826
Other assets		35,551		24,424
Total assets	$	3,131,587	$	3,397,029
Accounts payable	$	1,253,698	$	1,617,087
Accrued expenses and other		148,475		161,225
Total current liabilities		1,402,173		1,778,312
Other Long-term liabilities		50,678		43,769
Total liabilities	$	1,452,851	$	1,822,081

Schedule of summarized results of discontinued operations

	October 1,		October 3,
	2016		2015
	(Thousands)
Sales	$	1,866,901	$	2,368,892
Cost of sales		1,676,458		2,140,672
Gross profit		190,443		228,220
Selling, general and administrative expenses		164,672		177,805
Restructuring, integration and other expenses		4,224		13,440
Operating income		21,547		36,975
Interest and other income (expense), net		5		(8,306)
Income from discontinued operations before income taxes		21,552		28,669
Income tax expense		21,295		9,403
Income from discontinued operations, net of taxes	$	257	$	19,266