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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
4 Months Ended
Jun. 17, 2023
Jun. 18, 2022
Cash flows from operating activities:    
Net income $ 417.2 $ 484.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss (gain) on property dispositions and impairment losses, net 27.6 (79.4)
Depreciation and amortization 530.6 547.7
Operating lease right-of-use assets amortization 203.6 198.8
LIFO expense 34.0 62.1
Deferred income tax (96.4) 2.8
Contributions to pension and post-retirement benefit plans, net of (income) expense (6.4) (9.5)
Gain on interest rate swaps and energy hedges, net (0.6) (18.5)
Equity-based compensation expense 31.9 35.3
Other operating activities (10.9) 25.2
Changes in operating assets and liabilities:    
Receivables, net 5.2 (5.4)
Inventories, net (96.9) (134.4)
Accounts payable, accrued salaries and wages and other accrued liabilities (222.8) (123.2)
Operating lease liabilities (123.4) (118.1)
Self-insurance assets and liabilities 31.1 24.5
Other operating assets and liabilities 114.5 99.8
Net cash provided by operating activities 838.3 991.9
Cash flows from investing activities:    
Payments for property, equipment and intangibles, including lease buyouts (622.5) (613.8)
Proceeds from sale of assets 169.3 71.8
Other investing activities (0.7) (9.4)
Net cash used in investing activities (453.9) (551.4)
Cash flows from financing activities:    
Payments on long-term borrowings, including ABL facility (500.2) (0.1)
Payments of obligations under finance leases (13.0) (13.1)
Dividends paid on common stock (69.0) (63.0)
Dividends paid on convertible preferred stock (0.8) (22.8)
Employee tax withholding on vesting of restricted stock units (33.1) (37.3)
Other financing activities 1.1 6.8
Net cash used in financing activities (615.0) (129.5)
Net (decrease) increase in cash and cash equivalents and restricted cash (230.6) 311.0
Cash and cash equivalents and restricted cash at beginning of period 463.8 2,952.6
Cash and cash equivalents and restricted cash at end of period $ 233.2 $ 3,263.6