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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Sep. 26, 2015
Sep. 27, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 96.4 $ 119.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 54.4 43.3
Provision for bad debt (0.3) 0.2
Share-based compensation 22.9 21.9
Excess tax shortfall from share-based compensation 8.2 1.6
Transformation and other actions 5.4 18.9
Deferred income taxes 20.2 22.0
Other non-cash charges, net (4.6) (5.1)
Changes in operating assets and liabilities:    
Trade accounts receivable (29.3) (14.1)
Inventories (95.5) (92.7)
Accounts payable (7.0) 21.6
Accrued liabilities (65.0) (27.8)
Other liabilities (17.0) (4.7)
Other balance sheet changes, net 19.2 34.7
Net cash provided by operating activities 8.0 138.9
CASH FLOWS (USED IN) PROVIDED BY INVESTING ACTIVITIES    
Acquisition of interest in equity method investment (51.4) (28.9)
Purchases of property and equipment (69.5) (40.4)
Purchases of investments (205.6) (26.3)
Proceeds from maturities and sales of investments 106.1 101.6
Net cash (used in) provided by investing activities (220.4) 6.0
CASH FLOWS USED IN FINANCING ACTIVITIES    
Dividend payments (93.3) (92.6)
Repayment of debt 0.0 (0.5)
Proceeds from share-based awards 2.9 9.0
Borrowings under revolving credit facility 0.0 100.0
Repayment of revolving credit facility 0.0 (70.0)
Taxes paid to net settle share-based awards (12.1) (11.9)
Excess tax shortfall from share-based compensation (8.2) (1.6)
Acquisition-related payment of contingent consideration 0.0 (3.9)
Net cash used in financing activities (110.7) (71.5)
Effect of exchange rate changes on cash and cash equivalents (2.7) (4.4)
(Decrease) increase in cash and cash equivalents (325.8) 69.0
Cash and cash equivalents at beginning of period 1,291.8 591.9
Cash and cash equivalents at end of period 966.0 660.9
Supplemental information:    
Cash paid for income taxes, net 1.9 10.6
Cash paid for interest 1.2 0.5
Noncash investing activity - property and equipment obligations $ 41.4 $ 34.0