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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 02, 2021
Cash flows from operating activities:      
Net income $ 95.7 $ 4.7  
Adjustments to reconcile net income to net cash provided by (used in) operating activities      
Depreciation 76.1 57.0  
Amortization of intangible assets 43.1 41.7  
Amortization of deferred financing costs 2.6 2.2  
Provision for losses on accounts receivables 2.7 0.2  
Change in LIFO reserve (26.8) 11.3 $ (11.3)
Stock compensation expense 11.5 10.0  
Deferred income tax benefit (14.6) (0.3)  
Loss on extinguishment of debt 0.0 3.2  
Change in fair value of derivative assets and liabilities 17.2 (0.3)  
Other non-cash activities 0.8 (0.2)  
Changes in operating assets and liabilities, net      
Accounts receivable 6.7 (77.3)  
Inventories 66.8 48.7  
Income taxes receivable 22.5 0.5  
Prepaid expenses and other assets 18.5 10.2  
Trade accounts payable and outstanding checks in excess of deposits 69.1 21.2  
Accrued expenses and other liabilities (129.6) (78.4)  
Net cash provided by (used in) operating activities 315.9 31.8  
Cash flows from investing activities:      
Purchases of property, plant and equipment (40.1) (24.4) (24.4)
Net cash paid for acquisitions 0.0 (1,382.6)  
Proceeds from sale of property, plant and equipment 0.4 0.4  
Net cash used in investing activities (39.7) (1,406.6)  
Cash flows from financing activities:      
Net (payments) borrowings under ABL Facility (246.2) 786.9  
Cash paid for debt issuance, extinguishment and modifications 0.0 (21.5)  
Payments under finance lease obligations (22.0) (15.0)  
Proceeds from exercise of stock options 0.1 1.5  
Cash paid for shares withheld to cover taxes (9.1) (6.4)  
Other financing activities 0.0 (0.7)  
Net cash (used in) provided by financing activities (277.2) 1,394.8  
Net decrease in cash and restricted cash (1.0)   20.0
Cash and restricted cash, beginning of period 18.7 22.2  
Cash and restricted cash, end of period 17.7 42.2 42.2
Non-cash issuance of PFG stock in exchange for Core-Mark stock 0.0   1,008.0
Interest 41.6   11.8
Income tax payments (refunds), net 21.7   $ 0.6
4.250% Notes due 2029 [Member]      
Cash flows from financing activities:      
Borrowing of Notes due 2029 0.0 1,000.0  
5.500% Notes due 2024 [Member]      
Cash flows from financing activities:      
Repayment of Notes due 2024 $ 0.0 $ (350.0)