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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2018
Jul. 01, 2017
Current assets:    
Cash $ 7.5 $ 8.1
Accounts receivable, less allowances of $19.3 and $17.0 1,065.6 1,028.5
Inventories, net 1,051.9 1,013.3
Prepaid expenses and other current assets 78.5 35.0
Total current assets 2,203.5 2,084.9
Goodwill 740.5 718.6
Other intangible assets, net 193.8 201.1
Property, plant and equipment, net 795.5 740.7
Restricted cash 10.3 12.9
Other assets 57.3 45.9
Total assets 4,000.9 3,804.1
Current liabilities:    
Outstanding checks in excess of deposits 260.8 218.2
Trade accounts payable 973.0 907.1
Accrued expenses and other current liabilities 227.8 246.3
Long-term debt—current installments   5.8
Capital lease obligations—current installments 8.4 5.9
Total current liabilities 1,470.0 1,383.3
Long-term debt 1,123.0 1,241.9
Deferred income tax liability, net 106.3 103.0
Capital lease obligations, excluding current installments 52.8 44.0
Other long-term liabilities 113.5 106.4
Total liabilities 2,865.6 2,878.6
Commitments and contingencies (Note 15)
Shareholders’ equity:    
Common Stock: $0.01 par value per share, 1.0 billion shares authorized, 103.2 million shares issued and outstanding as of June 30, 2018; 1.0 billion shares authorized, 100.8 million shares issued and outstanding as of July 1, 2017 1.0 1.0
Additional paid-in capital 861.2 855.5
Accumulated other comprehensive income, net of tax expense of $2.9 and $1.5 8.3 2.4
Retained earnings 264.8 66.6
Total shareholders’ equity 1,135.3 925.5
Total liabilities and shareholders’ equity $ 4,000.9 $ 3,804.1