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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 25, 2016
Dec. 27, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 596,626 $ 511,659
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 151,627 142,388
Deferred income taxes 42,248 2,613
Equity-based compensation expense 70,850 68,344
Loss on extinguishment of debt 36,325 0
Amortization of note discounts and issuance costs 13,032 33,480
Other, net 15,515 20,563
Changes in operating assets and liabilities (48,901) (35,505)
Net cash provided by operating activities 877,322 743,542
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures and intangible assets (78,492) (77,597)
Purchases of available-for-sale securities (2,370,910) (808,292)
Sales and maturities of available-for-sale securities 811,732 819,291
(Issuance) repayment of notes receivable, net (500) 8,082
Transfers of restricted cash and investments (4,754) 0
Other, net (7,541) (6,246)
Net cash used for investing activities (1,650,465) (64,762)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on long-term debt and capital lease obligations and payments for debt issuance costs (1,616,641) (28,470)
Treasury stock purchases (69,522) (111,183)
Dividends paid (96,449) (95,555)
Reissuance of treasury stock related to employee stock purchase plan 19,320 19,245
Proceeds from issuance of common stock 4,580 1,550
Other, net (54) 5,431
Net cash used for financing activities (1,758,766) (208,982)
Effect of exchange rate changes on cash and cash equivalents (3,453) (3,464)
Net (decrease) increase in cash and cash equivalents (2,535,362) 466,334
Cash and cash equivalents at beginning of period 5,039,322 [1] 1,501,539
Cash and cash equivalents at end of period 2,503,960 1,967,873
Schedule of noncash transactions:    
Accrued payables for stock repurchases 8,382 0
Accrued payables for capital expenditures 24,216 8,842
Dividends payable 73,338 47,539
Transfers of inventory to property and equipment, net $ 23,828 $ 14,732
[1] Derived from audited financial statements