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Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 02, 2022
Jul. 03, 2021
Current assets:    
Cash $ 11.6 $ 11.1
Accounts receivable, less allowances of $54.2 and $42.6 2,307.4 1,580.0
Inventories, net 3,428.6 1,839.4
Income taxes receivable 34.0 49.6
Prepaid expenses and other current assets 240.4 100.3
Total current assets 6,022.0 3,580.4
Goodwill 2,279.2 1,354.7
Other intangible assets, net 1,195.6 796.4
Property, plant and equipment, net 2,134.5 1,589.6
Operating lease right-of-use assets 623.4 438.7
Restricted cash 7.1 11.1
Other assets 116.2 74.8
Total assets 12,378.0 7,845.7
Current liabilities:    
Trade accounts payable and outstanding checks in excess of deposits 2,559.5 1,776.5
Accrued expenses and other current liabilities 882.6 625.0
Finance lease obligations—current installments 79.9 48.7
Operating lease obligations—current installments 111.0 77.0
Total current liabilities 3,633.0 2,527.2
Long-term debt 3,908.8 2,240.5
Deferred income tax liability, net 424.3 140.4
Finance lease obligations, excluding current installments 366.7 255.0
Operating lease obligations, excluding current installments 530.8 378.0
Other long-term liabilities 214.9 198.5
Total liabilities 9,078.5 5,739.6
Commitments and contingencies (Note 15)
Shareholders’ equity:    
Common Stock: $0.01 par value per share, 1.0 billion shares authorized, 153.6 million shares issued and outstanding as of July 2, 2022; 132.5 million shares issued and outstanding as of July 3, 2021 1.5 1.3
Additional paid-in capital 2,816.8 1,752.8
Accumulated other comprehensive income (loss), net of tax (expense) benefit of $(3.8) and $1.9 11.4 (5.3)
Retained earnings 469.8 357.3
Total shareholders’ equity 3,299.5 2,106.1
Total liabilities and shareholders’ equity $ 12,378.0 $ 7,845.7