XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income $ 327,199 $ 428,147
Non-cash and other reconciling items:    
Depreciation and amortization 42,727 43,705
Amortization of Operating Lease Assets 26,205 26,414
Deferred income taxes 12,599 (15,581)
Stock-based compensation 19,951 21,338
Other, net 27,181 7,199
Changes in (net of effects from businesses acquired and divested):    
Receivables 287,320 (469,650)
Inventories (610,008) (686,884)
Accounts payable (78,082) (341,210)
Accrued expenses and other, net (138,667) 20,021
Net cash flows used for operating activities (83,575) (966,501)
Cash flows from financing activities:    
Borrowings under accounts receivable securitization, net 58,600 352,200
Borrowings under senior unsecured credit facility, net 272,747 1,132,245
Borrowings under bank credit facilities and other debt, net 30,752 47,712
Repurchases of common stock (86,027) (221,282)
Dividends paid on common stock (56,138) (53,304)
Other, net 2,665 (1,048)
Net cash flows provided by financing activities 222,599 1,256,523
Cash flows from investing activities:    
Purchases of property, plant and equipment (158,088) (111,436)
Other, net 373 (16,279)
Net cash flows used for investing activities (157,715) (127,715)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations 3,311 8,778
Cash and cash equivalents:    
(decrease) increase (15,380) 171,085
Cash and cash equivalents at beginning of year 288,230 153,693
Cash and cash equivalents at end of year $ 272,850 $ 324,778