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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 29, 2024
Jul. 01, 2023
Current assets:    
Cash $ 20.0 $ 12.7
Accounts receivable, less allowances of $55.2 and $56.3 2,478.9 2,399.3
Inventories, net 3,314.7 3,390.0
Income taxes receivable 71.6 41.7
Prepaid expenses and other current assets 268.1 227.8
Total current assets 6,153.3 6,071.5
Goodwill 2,418.3 2,301.0
Other intangible assets, net 971.1 1,028.4
Property, plant and equipment, net 2,788.5 2,264.0
Operating lease right-of-use assets 875.5 703.6
Other assets 186.2 130.5
Total assets 13,392.9 12,499.0
Current liabilities:    
Trade accounts payable and outstanding checks in excess of deposits 2,594.4 2,453.5
Accrued expenses and other current liabilities 908.3 891.5
Finance lease obligations—current installments 147.2 102.6
Operating lease obligations—current installments 108.2 105.5
Total current liabilities 3,758.1 3,553.1
Long-term debt 3,198.5 3,460.1
Deferred income tax liability, net 497.9 446.2
Finance lease obligations, excluding current installments 703.2 447.3
Operating lease obligations, excluding current installments 819.3 628.9
Other long-term liabilities 289.0 217.9
Total liabilities 9,266.0 8,753.5
Commitments and contingencies (Note 15)
Shareholders’ equity:    
Common Stock: $0.01 par value per share, 1.0 billion shares authorized, 154.2 million shares issued and outstanding as of June 29, 2024;154.5 million shares issued and outstanding as of July 1, 2023 1.5 1.5
Additional paid-in capital 2,818.5 2,863.0
Accumulated other comprehensive income, net of tax expense of $1.5 and $4.9 4.0 14.0
Retained earnings 1,302.9 867.0
Total shareholders’ equity 4,126.9 3,745.5
Total liabilities and shareholders’ equity $ 13,392.9 $ 12,499.0