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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jul. 01, 2017
Cash flows from operating activities:      
Net income (loss) $ 176,337 $ (156,424) $ 525,278
Less: Income (loss) from discontinued operations, net of tax (3,774) (13,535) 261,927
Income (loss) from continuing operations, net of tax 180,111 (142,889) 263,351
Non-cash and other reconciling items:      
Depreciation 97,160 143,397 101,407
Amortization 83,682 91,475 53,953
Deferred income taxes 33,801 (87,141) (17,705)
Stock-based compensation 30,098 23,990 47,686
Goodwill impairment expense 137,396 181,440  
Asset impairment expense 54,687 5,538 3,824
Other, net (21,265) 43,845 25,280
Changes in (net of effects from businesses acquired and divested):      
Receivables 464,981 (296,175) (371,820)
Inventories 81,929 (308,663) 84,408
Accounts payable (377,855) 409,608 163,604
Accrued expenses and other, net (173,671) 189,060 (132,941)
Net cash flows provided by operating activities - continuing operations 591,054 253,485 221,047
Net cash flows used for operating activities - discontinued operations (56,284)   (589,738)
Net cash flows provided (used) by for operating activities 534,770 253,485 (368,691)
Cash flows from financing activities:      
Issuance of notes, net of issuance costs     296,374
Repayment of notes     (530,800)
Borrowings (repayments) under accounts receivable securitization, net 122,300 (37,000) (588,000)
Borrowings (repayments) under senior unsecured credit facility, net (61,738) 8,850 (50,029)
Borrowings (repayments) under bank credit facilities and other debt, net 505 (97,954) 27,877
Borrowings of term loans     530,756
Repayments of term loans     (511,358)
Repurchases of common stock (568,712) (323,516) (275,884)
Dividends paid on common stock (87,158) (88,255) (88,657)
Other, net 12,127 (4,018) (1,870)
Net cash flows used for financing activities - continuing operations (582,676) (541,893) (1,191,591)
Net cash flows provided by financing activities - discontinued operations     3,447
Net cash flows used for financing activities (582,676) (541,893) (1,188,144)
Cash flows from investing activities:      
Purchases of property, plant and equipment (122,690) (155,873) (120,397)
Acquisitions of businesses, net of cash acquired (56,417) (15,254) (802,744)
Other, net 30,422 6,653 18,656
Net cash flows used for investing activities - continuing operations (148,685) (164,474) (904,485)
Net cash flows provided by investing activities - discontinued operations 123,473 236,205 2,242,959
Net cash flows (used) provided by investing activities (25,212) 71,731 1,338,474
Effect on currency exchange rate changes on cash and cash equivalents (1,902) 1,418 23,267
Cash and cash equivalents:      
Decrease (75,020) (215,259) (195,094)
Cash and cash equivalents at beginning of year 621,125 836,384 1,031,478
Cash and cash equivalents at end of year $ 546,105 $ 621,125 $ 836,384