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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 30, 2024
Jul. 01, 2023
Current assets:    
Cash $ 16.5 $ 12.7
Accounts receivable, less allowances of $60.2 and $56.3 2,365.0 2,399.3
Inventories, net 3,107.0 3,390.0
Income taxes receivable 74.2 41.7
Prepaid expenses and other current assets 260.1 227.8
Total current assets 5,822.8 6,071.5
Goodwill 2,418.7 2,301.0
Other intangible assets, net 1,022.7 1,028.4
Property, plant and equipment, net 2,571.4 2,264.0
Operating lease right-of-use assets 861.0 703.6
Other assets 177.3 130.5
Total assets 12,873.9 12,499.0
Current liabilities:    
Trade accounts payable and outstanding checks in excess of deposits 2,508.4 2,453.5
Accrued expenses and other current liabilities 794.7 891.5
Finance lease obligations—current installments 128.8 102.6
Operating lease obligations—current installments 108.6 105.5
Total current liabilities 3,540.5 3,553.1
Long-term debt 3,215.4 3,460.1
Deferred income tax liability, net 483.1 446.2
Finance lease obligations, excluding current installments 589.3 447.3
Operating lease obligations, excluding current installments 801.7 628.9
Other long-term liabilities 290.5 217.9
Total liabilities 8,920.5 8,753.5
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Common Stock: $0.01 par value per share, 1.0 billion shares authorized, 154.2 million shares issued and outstanding as of March 30, 2024; 154.5 million shares issued and outstanding as of July 1, 2023 1.5 1.5
Additional paid-in capital 2,808.9 2,863.0
Accumulated other comprehensive income, net of tax expense of $2.4 and $4.9 6.6 14.0
Retained earnings 1,136.4 867.0
Total shareholders’ equity 3,953.4 3,745.5
Total liabilities and shareholders’ equity $ 12,873.9 $ 12,499.0