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Consolidated Balance Sheets - USD ($)
$ in Millions
Jan. 01, 2022
Jul. 03, 2021
Current assets:    
Cash $ 9.6 $ 11.1
Accounts receivable, less allowances of $53.3 and $42.6 2,032.7 1,580.0
Inventories, net 3,190.9 1,839.4
Income taxes receivable 72.6 49.6
Prepaid expenses and other current assets 205.2 100.3
Total current assets 5,511.0 3,580.4
Goodwill 2,295.7 1,354.7
Other intangible assets, net 1,289.4 796.4
Property, plant and equipment, net 2,102.0 1,589.6
Operating lease right-of-use assets 644.3 438.7
Restricted cash 7.1 11.1
Other assets 106.9 74.8
Total assets 11,956.4 7,845.7
Current liabilities:    
Trade accounts payable and outstanding checks in excess of deposits 2,446.4 1,776.5
Accrued expenses and other current liabilities 760.6 625.0
Finance lease obligations—current installments 74.6 48.7
Operating lease obligations—current installments 111.9 77.0
Total current liabilities 3,393.5 2,527.2
Long-term debt 3,846.8 2,240.5
Deferred income tax liability, net 421.0 140.4
Finance lease obligations, excluding current installments 381.4 255.0
Operating lease obligations, excluding current installments 542.1 378.0
Other long-term liabilities 210.7 198.5
Total liabilities 8,795.5 5,739.6
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Common Stock: $0.01 par value per share, 1.0 billion shares authorized, 153.3 million shares issued and outstanding as of January 1, 2022;132.5 million shares issued and outstanding as of July 3, 2021 1.5 1.3
Additional paid-in capital 2,788.5 1,752.8
Accumulated other comprehensive income (loss), net of tax (expense) benefit of $(0.1) and $1.9 0.5 (5.3)
Retained earnings 370.4 357.3
Total shareholders’ equity 3,160.9 2,106.1
Total liabilities and shareholders’ equity $ 11,956.4 $ 7,845.7