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Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 01, 2022
Jul. 02, 2022
Current assets:    
Cash $ 10.6 $ 11.6
Accounts receivable, less allowances of $53.3 and $42.6 2,296.9 2,307.4
Inventories, net 3,335.0 3,428.6
Income taxes receivable 11.5 34.0
Prepaid expenses and other current assets 213.7 240.4
Total current assets 5,867.7 6,022.0
Goodwill 2,279.3 2,279.2
Other intangible assets, net 1,151.3 1,195.6
Property, plant and equipment, net 2,127.7 2,134.5
Operating lease right-of-use assets 613.0 623.4
Other assets 129.6 123.3
Total assets 12,168.6 12,378.0
Current liabilities:    
Trade accounts payable and outstanding checks in excess of deposits 2,628.6 2,559.5
Accrued expenses and other current liabilities 753.6 882.6
Finance lease obligations—current installments 83.5 79.9
Operating lease obligations—current installments 107.7 111.0
Total current liabilities 3,573.4 3,633.0
Long-term debt 3,664.0 3,908.8
Deferred income tax liability, net 412.1 424.3
Finance lease obligations, excluding current installments 370.2 366.7
Operating lease obligations, excluding current installments 526.7 530.8
Other long-term liabilities 221.5 214.9
Total liabilities 8,767.9 9,078.5
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Common Stock: $0.01 par value per share, 1.0 billion shares authorized, 154.0 million shares issued and outstanding as of October 1, 2022; 153.6 million shares issued and outstanding as of July 2, 2022 1.5 1.5
Additional paid-in capital 2,818.4 2,816.8
Accumulated other comprehensive income, net of tax expense of $5.4 and $3.8 15.3 (11.4)
Retained earnings 565.5 469.8
Total shareholders’ equity 3,400.7 3,299.5
Total liabilities and shareholders’ equity $ 12,168.6 $ 12,378.0