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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 28, 2019
Dec. 29, 2018
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES    
Net income $ 318.8 $ 377.1
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 125.0 126.3
Provision for bad debt 4.2 3.2
Share-based compensation 33.8 43.1
Organization-related and integration activities 15.3 6.2
Impairment charges 75.6 0.0
Changes to lease related balances, net 9.4 0.0
Deferred income taxes (5.8) 31.0
Other non-cash charges, net 2.3 (3.8)
Changes in operating assets and liabilities:    
Trade accounts receivable (78.7) (34.2)
Inventories 19.5 (42.1)
Accounts payable 19.3 12.6
Accrued liabilities 63.3 95.5
Other liabilities (12.6) 40.3
Other assets (27.7) (55.9)
Net cash provided by (used in) operating activities 561.7 599.3
CASH FLOWS USED IN INVESTING ACTIVITIES    
Acquisitions, net of cash acquired 0.0 (37.7)
Purchases of investments (157.0) (286.2)
Proceeds from maturities and sales of investments 151.3 34.8
Purchases of property and equipment (122.2) (116.4)
Net cash used in investing activities (127.9) (405.5)
CASH FLOWS USED IN FINANCING ACTIVITIES    
Dividend payments (194.0) (194.9)
Repurchase of common stock (300.0) 0.0
Proceeds from share-based awards 1.7 30.8
Taxes paid to net settle share-based awards (13.8) (23.7)
Payments of finance lease liabilities (0.4) (0.3)
Net cash used in financing activities (506.5) (188.1)
Effect of exchange rate changes on cash and cash equivalents 0.4 (12.1)
Net decrease in cash and cash equivalents (72.3) (6.4)
Cash and cash equivalents at beginning of period 969.2 1,243.4
Cash and cash equivalents at end of period 896.9 1,237.0
Supplemental information:    
Cash paid for income taxes, net 54.8 102.3
Cash paid for interest 18.9 32.3
Noncash investing activity - property and equipment obligations $ 34.2 $ 42.1