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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jan. 02, 2021
Dec. 28, 2019
Cash flows from operating activities:    
Net income $ 274 $ 45,420
Non-cash and other reconciling items:    
Depreciation 44,002 49,822
Amortization 30,474 41,257
Amortization of Operating Lease Assets 28,111 31,354
Deferred income taxes (311) (15,518)
Stock-based compensation 15,331 14,503
Asset impairment expense 15,166  
Other, net 17,004 22,157
Changes in (net of effects from businesses acquired and divested):    
Receivables (94,831) 185,598
Inventories 51,185 94,182
Accounts payable 130,768 (52,711)
Accrued expenses and other, net (29,779) (71,858)
Net cash flows provided by operating activities 207,394 344,206
Cash flows from financing activities:    
Borrowings (repayments) under accounts receivable securitization, net 11,800 (35,400)
Repayments under senior unsecured credit facility, net (239,430) (1,376)
Repayments under bank credit facilities and other debt, net (1,480) (1,301)
Repurchases of common stock   (198,630)
Dividends paid on common stock (41,512) (42,426)
Other, net (2,301) (4,887)
Net cash flows used for financing activities (272,923) (284,020)
Cash flows from investing activities:    
Purchases of property, plant and equipment (30,022) (44,252)
Acquisitions of assets (18,371) (51,509)
Other, net 725 (13,098)
Net cash flows used for investing activities (47,668) (108,859)
Effect on currency exchange rate changes on cash and cash equivalents 12,492 (8,622)
Cash and cash equivalents:    
Decrease (100,705) (57,295)
Cash and cash equivalents at beginning of year 477,038 546,105
Cash and cash equivalents at end of year $ 376,333 $ 488,810