XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Jul. 02, 2022
Current assets:    
Cash $ 6.1 $ 11.6
Accounts receivable, less allowances of $61.1 and $54.2 2,159.5 2,307.4
Inventories, net 3,344.3 3,428.6
Income taxes receivable 82.3 34.0
Prepaid expenses and other current assets 215.6 240.4
Total current assets 5,807.8 6,022.0
Goodwill 2,304.4 2,279.2
Other intangible assets, net 1,119.7 1,195.6
Property, plant and equipment, net 2,157.3 2,134.5
Operating lease right-of-use assets 666.5 623.4
Other assets 133.9 123.3
Total assets 12,189.6 12,378.0
Current liabilities:    
Trade accounts payable and outstanding checks in excess of deposits 2,417.5 2,559.5
Accrued expenses and other current liabilities 786.6 882.6
Finance lease obligations—current installments 88.1 79.9
Operating lease obligations—current installments 103.8 111.0
Total current liabilities 3,396.0 3,633.0
Long-term debt 3,679.5 3,908.8
Deferred income tax liability, net 428.2 424.3
Finance lease obligations, excluding current installments 378.9 366.7
Operating lease obligations, excluding current installments 587.1 530.8
Other long-term liabilities 223.4 214.9
Total liabilities 8,693.1 9,078.5
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Common Stock: $0.01 par value per share, 1.0 billion shares authorized, 154.3 million shares issued and outstanding as of December 31, 2022; 153.6 million shares issued and outstanding as of July 2, 2022 1.5 1.5
Additional paid-in capital 2,843.1 2,816.8
Accumulated other comprehensive income, net of tax expense of $5.4 and $3.8 15.3 11.4
Retained earnings 636.6 469.8
Total shareholders’ equity 3,496.5 3,299.5
Total liabilities and shareholders’ equity $ 12,189.6 $ 12,378.0