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Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 02, 2022
Jul. 03, 2021
Current assets:    
Cash $ 13.7 $ 11.1
Accounts receivable, less allowances of $53.3 and $42.6 2,185.7 1,580.0
Inventories, net 3,085.3 1,839.4
Income taxes receivable 57.6 49.6
Prepaid expenses and other current assets 226.1 100.3
Total current assets 5,568.4 3,580.4
Goodwill 2,291.5 1,354.7
Other intangible assets, net 1,243.8 796.4
Property, plant and equipment, net 2,104.7 1,589.6
Operating lease right-of-use assets 642.8 438.7
Restricted cash 7.1 11.1
Other assets 121.3 74.8
Total assets 11,979.6 7,845.7
Current liabilities:    
Trade accounts payable and outstanding checks in excess of deposits 2,556.3 1,776.5
Accrued expenses and other current liabilities 758.6 625.0
Finance lease obligations—current installments 76.2 48.7
Operating lease obligations—current installments 112.8 77.0
Total current liabilities 3,503.9 2,527.2
Long-term debt 3,721.1 2,240.5
Deferred income tax liability, net 423.8 140.4
Finance lease obligations, excluding current installments 362.4 255.0
Operating lease obligations, excluding current installments 546.8 378.0
Other long-term liabilities 217.1 198.5
Total liabilities 8,775.1 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 April 2, 2022; 132.5 million shares issued and outstanding as of July 3, 2021 1.5 1.3
Additional paid-in capital 2,797.1 1,752.8
Accumulated other comprehensive income (loss), net of tax (expense) benefit of $(4.1) and $1.9 12.1 (5.3)
Retained earnings 393.8 357.3
Total shareholders’ equity 3,204.5 2,106.1
Total liabilities and shareholders’ equity $ 11,979.6 $ 7,845.7