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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 30, 2019
Jun. 30, 2018
Current assets:    
Cash $ 7.7 $ 7.5
Accounts receivable, less allowances of $25.2 and $19.3 1,128.5 1,065.6
Inventories, net 1,128.3 1,051.9
Prepaid expenses and other current assets 60.7 78.5
Total current assets 2,325.2 2,203.5
Goodwill 747.5 740.5
Other intangible assets, net 199.7 193.8
Property, plant and equipment, net 895.9 795.5
Restricted cash 10.7 10.3
Other assets 43.8 57.3
Total assets 4,222.8 4,000.9
Current liabilities:    
Outstanding checks in excess of deposits 276.0 260.8
Trade accounts payable 1,045.0 973.0
Accrued expenses and other current liabilities 260.9 227.8
Capital lease obligations—current installments 16.9 8.4
Total current liabilities 1,598.8 1,470.0
Long-term debt 1,042.1 1,123.0
Deferred income tax liability, net 107.1 106.3
Capital lease obligations, excluding current installments 125.9 52.8
Other long-term liabilities 114.7 113.5
Total liabilities 2,988.6 2,865.6
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Common Stock: $0.01 par value per share, 1.0 billion shares authorized, 103.8 million shares issued and outstanding as of March 30, 2019; 1.0 billion shares authorized, 103.2 million shares issued and outstanding as of June 30, 2018 1.0 1.0
Additional paid-in capital 862.4 861.2
Accumulated other comprehensive income, net of tax expense of $1.2 and $2.9 3.3 8.3
Retained earnings 367.5 264.8
Total shareholders’ equity 1,234.2 1,135.3
Total liabilities and shareholders’ equity $ 4,222.8 $ 4,000.9