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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Cash flows from operating activities:    
Net income $ 428,147 $ 262,139
Non-cash and other reconciling items:    
Depreciation 39,411 43,876
Amortization 4,294 8,964
Amortization of Operating Lease Assets 26,414 27,426
Deferred income taxes (15,581) (4,451)
Stock-based compensation 21,338 19,556
Other, net 7,199 10,281
Changes in (net of effects from businesses acquired and divested):    
Receivables (469,650) (558,702)
Inventories (686,884) (359,755)
Accounts payable (341,210) 328,574
Accrued expenses and other, net 20,021 (41,117)
Net cash flows used for operating activities (966,501) (263,209)
Cash flows from financing activities:    
Borrowings under accounts receivable securitization, net 352,200 190,400
Borrowings under senior unsecured credit facility, net 1,132,245 109,669
Borrowings (repayments) under bank credit facilities and other debt, net 47,712 (1,550)
Repurchases of common stock (221,282) (45,570)
Dividends paid on common stock (53,304) (47,642)
Other, net (1,048) (6,069)
Net cash flows provided by financing activities 1,256,523 199,238
Cash flows from investing activities:    
Purchases of property, plant and equipment (111,436) (22,116)
Other, net (16,279) 68,270
Net cash flows (used) provided by investing activities (127,715) 46,154
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations 8,778 (14,056)
Cash and cash equivalents:    
increase (decrease) 171,085 (31,873)
Cash and cash equivalents at beginning of year 153,693 199,691
Cash and cash equivalents at end of year $ 324,778 $ 167,818