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Consolidated Cash Flows (USD $)
In Thousands
12 Months Ended
Jul. 02, 2011
Jul. 03, 2010
Jun. 27, 2009
Cash flows from operating activities:   
Net earnings x$ 1,152,030$ 1,179,983$ 1,055,948
Adjustments to reconcile net earnings to cash provided by operating activities:   
Share-based compensation expense59,23566,35856,030
Depreciation and amortization402,588389,976382,339
Deferred income taxes(165,239)(121,865)(294,162)
Provision for losses on receivables42,62334,93174,638
Other non-cash items(9,454)2,550(3,586)
Additional investment in certain assets and liabilities, net of effect of businesses acquired:   
(Increase) decrease in receivables(252,641)(166,426)188,748
(Increase) decrease in inventories(254,738)(106,172)177,590
Decrease (increase) in prepaid expenses and other current assets341(6,271)(678)
Increase (decrease) in accounts payable187,410154,811(198,284)
(Decrease) increase in accrued expenses(43,348)58,002(120,314)
(Decrease) increase in accrued income taxes(44,202)(296,475)325,482
(Increase) in other assets(26,966)(31,514)(15,701)
Increase (decrease) in other long-term liabilities and prepaid pension cost, net44,308(271,692)(48,380)
Excess tax benefits from share-based compensation arrangements(429)(768)(2,921)
Net cash provided by operating activities1,091,518885,4281,576,749
Cash flows from investing activities:   
Additions to plant and equipment(636,442)(594,604)(464,561)
Proceeds from sales of plant and equipment19,06921,71025,244
Acquisition of businesses, net of cash acquired(101,148)(29,293)(218,075)
Purchases of short-term investments0(85,071)0
Maturities of short-term investments24,99361,5680
Decrease (increase) in restricted cash13,972(30,630)(1,271)
Net cash used for investing activities(679,556)(656,320)(658,663)
Cash flows from financing activities:   
Bank and commercial paper borrowings (repayments), net181,97500
Other debt borrowings4,4117,091506,611
Other debt repayments(8,732)(10,695)(10,173)
Debt issuance costs(7)(7)(3,693)
Proceeds from common stock reissued from treasury for share-based compensation awards332,68894,750111,780
Treasury stock purchases(291,600)(179,174)(438,843)
Dividends paid(597,071)(579,763)(548,246)
Excess tax benefits from share-based compensation arrangements4297682,921
Net cash used for financing activities(377,907)(667,030)(379,643)
Effect of exchange rates on cash20,2674,714334
Net increase (decrease) in cash and cash equivalents54,322(433,208)538,777
Cash and cash equivalents at beginning of period585,4431,018,651479,874
Cash and cash equivalents at end of period639,765585,4431,018,651
Supplemental disclosures of cash flow information:   
Interest119,050127,411108,608
Income taxes$ 907,720$ 1,141,963$ 735,772