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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 28, 2024
Jun. 29, 2024
Current assets:    
Cash $ 10.7 $ 20.0
Accounts receivable, less allowances of $68.2 and $55.2 2,587.5 2,478.9
Inventories, net 3,928.0 3,314.7
Income taxes receivable 104.4 71.6
Prepaid expenses and other current assets 255.1 268.1
Total current assets 6,885.7 6,153.3
Goodwill 3,407.5 2,418.3
Other intangible assets, net 1,823.5 971.1
Property, plant and equipment, net 3,861.3 2,788.5
Operating lease right-of-use assets 943.8 875.5
Other assets 175.2 186.2
Total assets 17,097.0 13,392.9
Current liabilities:    
Trade accounts payable and outstanding checks in excess of deposits 2,916.1 2,594.4
Accrued expenses and other current liabilities 910.8 908.3
Finance lease obligations—current installments 195.1 147.2
Operating lease obligations—current installments 105.4 108.2
Total current liabilities 4,127.4 3,758.1
Long-term debt 5,691.2 3,198.5
Deferred income tax liability, net 841.9 497.9
Finance lease obligations, excluding current installments 966.3 703.2
Operating lease obligations, excluding current installments 902.9 819.3
Other long-term liabilities 310.1 289.0
Total liabilities 12,839.8 9,266.0
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Common Stock: $0.01 par value per share, 1.0 billion shares authorized, 154.6 million shares issued and outstanding as of December 28, 2024;154.2 million shares issued and outstanding as of June 29, 2024 1.5 1.5
Additional paid-in capital 2,806.2 2,818.5
Accumulated other comprehensive (loss) income, net of tax benefit (expense) of $1.1 and ($1.5) (3.8) 4.0
Retained earnings 1,453.3 1,302.9
Total shareholders’ equity 4,257.2 4,126.9
Total liabilities and shareholders’ equity $ 17,097.0 $ 13,392.9