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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Cash flows from operating activities:    
Net income $ 166.8 $ 13.1
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 153.5 127.4
Amortization of intangible assets 90.9 87.8
Amortization of deferred financing costs 5.2 4.7
Provision for losses on accounts receivables 7.2 3.1
Change in LIFO reserve 51.8 34.2
Stock compensation expense 22.9 24.3
Deferred income tax expense (benefit) 1.5 (1.9)
Loss on extinguishment of debt 0.0 3.2
Change in fair value of derivative assets and liabilities 15.9 3.0
Other non-cash activities 5.1 7.8
Changes in operating assets and liabilities, net    
Accounts receivable 147.9 87.1
Inventories 90.1 (256.0)
Income taxes receivable (51.6) 2.9
Prepaid expenses and other assets 9.3 14.6
Trade accounts payable and outstanding checks in excess of deposits (202.6) 68.4
Accrued expenses and other liabilities (89.4) (69.9)
Net cash provided by (used in) operating activities 424.5 153.8
Cash flows from investing activities:    
Purchases of property, plant and equipment (98.1) (68.5)
Net cash paid for acquisitions (65.8) (1,651.1)
Proceeds from sale of property, plant and equipment 3.6 0.9
Net cash used in investing activities (160.3) (1,718.7)
Cash flows from financing activities:    
Net (payments) borrowings under ABL Facility (232.1) 962.7
Cash paid for debt issuance, extinguishment and modifications 0.0 (24.3)
Payments under finance lease obligations (42.8) (33.8)
Proceeds from employee stock purchase plan 14.3 12.3
Proceeds from exercise of stock options 0.4 2.4
Cash paid for shares withheld to cover taxes (9.1) (9.2)
Other financing activities (0.3) (0.7)
Net cash (used in) provided by financing activities (269.6) 1,559.4
Net decrease in cash and restricted cash (5.4) (5.5)
Cash and restricted cash, beginning of period 18.7 22.2
Cash and restricted cash, end of period 13.3 16.7
Non-cash issuance of PFG stock in exchange for Core-Mark stock 0.0 1,008.0
Interest 105.0 64.4
Income tax payments net of refunds 105.1 2.6
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)