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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Cash flows from operating activities:    
Net income $ 247.1 $ 36.5
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation 232.2 203.2
Amortization of intangible assets 137.0 136.1
Amortization of deferred financing costs 7.7 7.1
Provision for losses on accounts receivables 9.5 8.2
Change in LIFO reserve 68.3 55.3
Stock compensation expense 33.1 34.9
Deferred income tax expense (benefit) 5.4 (3.8)
Loss on extinguishment of debt 0.0 3.2
Change in fair value of derivative assets and liabilities 19.9 6.7
Other non-cash activities (2.7) 21.1
Changes in operating assets and liabilities, net    
Accounts receivable 18.0 68.4
Inventories 170.5 (171.5)
Income taxes receivable (31.4) 18.3
Prepaid expenses and other assets (2.1) 1.5
Trade accounts payable and outstanding checks in excess of deposits (141.2) 177.4
Accrued expenses and other liabilities (114.1) (61.8)
Net cash provided by (used in) operating activities 657.2 390.6
Cash flows from investing activities:    
Purchases of property, plant and equipment (177.2) (140.8)
Net cash paid for acquisitions (63.9) (1,651.1)
Proceeds from sale of property, plant and equipment 21.6 3.7
Net cash used in investing activities (219.5) (1,788.2)
Cash flows from financing activities:    
Net (payments) borrowings under ABL Facility (380.6) 835.7
Cash paid for debt issuance, extinguishment and modifications 0.0 (24.9)
Payments under finance lease obligations (64.7) (67.4)
Proceeds from employee stock purchase plan 14.3 12.3
Proceeds from exercise of stock options 2.9 2.7
Cash paid for shares withheld to cover taxes (12.6) (10.7)
Other financing activities (0.3) (1.5)
Net cash (used in) provided by financing activities (441.0) 1,396.2
Net decrease in cash and restricted cash (3.3) (1.4)
Cash and restricted cash, beginning of period 18.7 22.2
Cash and restricted cash, end of period 15.4 20.8
Non-cash issuance of PFG stock in exchange for Core-Mark stock 0.0 1,008.0
Interest 152.8 101.8
Income tax payments net of refunds 112.6 3.0
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)