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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 30, 2023
Jul. 01, 2023
Current assets:    
Cash $ 16.4 $ 12.7
Accounts receivable, less allowances of $62.7 and $56.3 2,298.9 2,399.3
Inventories, net 3,342.1 3,390.0
Income taxes receivable 62.4 41.7
Prepaid expenses and other current assets 236.5 227.8
Total current assets 5,956.3 6,071.5
Goodwill 2,418.3 2,301.0
Other intangible assets, net 1,072.5 1,028.4
Property, plant and equipment, net 2,465.8 2,264.0
Operating lease right-of-use assets 841.0 703.6
Other assets 158.6 130.5
Total assets 12,912.5 12,499.0
Current liabilities:    
Trade accounts payable and outstanding checks in excess of deposits 2,423.5 2,453.5
Accrued expenses and other current liabilities 837.0 891.5
Finance lease obligations—current installments 118.8 102.6
Operating lease obligations—current installments 108.4 105.5
Total current liabilities 3,487.7 3,553.1
Long-term debt 3,502.0 3,460.1
Deferred income tax liability, net 474.7 446.2
Finance lease obligations, excluding current installments 536.1 447.3
Operating lease obligations, excluding current installments 773.1 628.9
Other long-term liabilities 277.2 217.9
Total liabilities 9,050.8 8,753.5
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Common Stock: $0.01 par value per share, 1.0 billion shares authorized, 153.9 million shares issued and outstanding as of December 30, 2023; 154.5 million shares issued and outstanding as of July 1, 2023 1.5 1.5
Additional paid-in capital 2,786.5 2,863.0
Accumulated other comprehensive income, net of tax expense of $2.7 and $4.9 7.7 14.0
Retained earnings 1,066.0 867.0
Total shareholders’ equity 3,861.7 3,745.5
Total liabilities and shareholders’ equity $ 12,912.5 $ 12,499.0