XML 21 R9.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash flows from operating activities:    
Net earnings $ 1,343,322 $ 1,036,388
Adjustments to reconcile net earnings to cash provided by operating activities:    
Pension settlement charge 0 315,354
Share-based compensation expense 76,688 73,765
Depreciation and amortization 646,848 574,945
Operating lease asset amortization 91,694 83,959
Amortization of debt issuance and other debt-related costs 13,695 15,019
Deferred income taxes (25,465) (163,044)
Provision for losses on receivables 43,409 21,899
Other non-cash items (2,488) 2,787
Additional changes in certain assets and liabilities, net of effect of businesses acquired:    
Increase in receivables (325,108) (405,372)
Increase in inventories (125,859) (172,117)
Decrease (increase) in prepaid expenses and other current assets 23,267 (6,242)
(Decrease) increase in accounts payable (281,506) 88,995
Increase (decrease) in accrued expenses 29,019 (55,162)
Decrease in operating lease liabilities (102,969) (100,847)
(Decrease) increase in accrued income taxes (67,906) 119,784
Decrease in other assets 25,621 23,843
Increase (decrease) in other long-term liabilities 10,931 (28,172)
Net cash provided by operating activities 1,373,193 1,425,782
Cash flows from investing activities:    
Additions to plant and equipment (530,161) (474,456)
Proceeds from sales of plant and equipment 20,708 28,313
Acquisition of businesses, net of cash acquired (1,181,188) (37,384)
Purchase of marketable securities (11,422) (15,078)
Proceeds from sales of marketable securities 0 11,641
Other investing activities 1,414 5,610
Net cash used for investing activities (1,700,649) (481,354)
Cash flows from financing activities:    
Bank and commercial paper borrowings, net 524,593 0
Other debt borrowings including senior notes 1,261,208 174,262
Other debt repayments including senior notes (338,721) (81,345)
Debt issuance costs (13,035) 0
Proceeds from stock option exercises 103,496 67,115
Stock repurchases (699,947) (377,800)
Dividends paid (758,128) (747,378)
Other financing activities (19,206) (57,906)
Net cash provided by (used for) financing activities 60,260 (1,023,052)
Effect of exchange rates on cash, cash equivalents and restricted cash (6,206) 1,713
Net decrease in cash, cash equivalents and restricted cash (273,402) (76,911)
Cash, cash equivalents and restricted cash at beginning of period 966,033 931,376
Cash, cash equivalents and restricted cash at end of period 692,631 854,465
Cash paid during the period for:    
Interest 376,465 343,402
Income taxes, net of refunds $ 510,458 $ 306,174