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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 28, 2019
Jun. 29, 2019
Current assets:    
Cash $ 16.0 $ 14.7
Accounts receivable, less allowances of $27.4 and $22.0 1,226.9 1,227.3
Inventories, net 1,411.2 1,356.9
Restricted cash 1,060.4  
Prepaid expenses and other current assets 55.2 71.7
Total current assets 3,769.7 2,670.6
Goodwill 765.8 765.8
Other intangible assets, net 179.6 194.3
Property, plant and equipment, net 966.9 950.5
Operating lease right-of-use assets 409.4  
Restricted cash 11.0 10.7
Other assets 60.6 61.6
Total assets 6,163.0 4,653.5
Current liabilities:    
Outstanding checks in excess of deposits 187.9 206.9
Trade accounts payable 1,188.7 1,130.8
Accrued expenses and other current liabilities 344.1 343.3
Finance lease obligations—current installments 21.5 18.3
Operating lease obligations—current installments 80.8  
Total current liabilities 1,823.0 1,699.3
Long-term debt 2,212.1 1,202.9
Deferred income tax liability, net 102.0 108.0
Finance lease obligations, excluding current installments 147.9 128.9
Operating lease obligations, excluding current installments 330.1  
Other long-term liabilities 214.8 216.2
Total liabilities 4,829.9 3,355.3
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Common Stock: $0.01 par value per share, 1.0 billion shares authorized, 104.2 million shares issued and outstanding as of September 28, 2019; 1.0 billion shares authorized, 103.8 million shares issued and outstanding as of June 29, 2019 1.0 1.0
Additional paid-in capital 866.6 866.7
Accumulated other comprehensive loss, net of tax benefit of $0.5 and $0.1 (1.3) (0.2)
Retained earnings 466.8 430.7
Total shareholders’ equity 1,333.1 1,298.2
Total liabilities and shareholders’ equity $ 6,163.0 $ 4,653.5