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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 27, 2016
Mar. 29, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 655,110 $ 524,306
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 216,052 207,743
Deferred income taxes (2,295) 8,245
Equity-based compensation expense 103,060 95,620
Income tax benefit on equity-based compensation plans 7,025 13,440
Excess tax benefit on equity-based compensation plans (8,015) (13,207)
Amortization of note discounts and issuance costs 55,938 27,651
Gain on sale of business 0 (7,431)
Other, net 30,859 9,035
Changes in operating assets and liabilities (131,281) (371,965)
Net cash provided by operating activities 926,453 493,437
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures and intangible assets (123,604) (135,132)
Business acquisitions, net of cash acquired 0 (1,137)
Purchases of available-for-sale securities (844,814) (2,156,852)
Sales and maturities of available-for-sale securities 1,037,751 1,485,491
Repayment of notes receivable, net 7,882 3,978
Proceeds from sale of business 0 41,212
Other, net (6,246) (3,200)
Net cash provided by (used for) investing activities 70,969 (765,640)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on long-term debt and capital lease obligations and payments for debt issuance costs (36,949) (900)
Proceeds from issuance of long-term debt, net of issuance costs 0 991,880
Excess tax benefit on equity-based compensation plans 8,015 13,207
Treasury stock purchases (131,275) (498,901)
Dividends paid (143,094) (87,345)
Re-issuance of treasury stock related to employee stock purchase plan 35,632 31,853
Proceeds from issuance of common stock 1,858 16,235
Other, net (329) 0
Net cash (used for) provided by financing activities (266,142) 466,029
Effect of exchange rate changes on cash and cash equivalents (798) (10,867)
Net increase in cash and cash equivalents 730,482 182,959
Cash and cash equivalents at beginning of period 1,501,539 [1] 1,452,677
Cash and cash equivalents at end of period $ 2,232,021 $ 1,635,636
[1] Derived from audited financial statements