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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Jun. 30, 2012
Jul. 02, 2011
Jul. 03, 2010
Cash flows from operating activities:      
Net income $ 567,019 $ 669,069 $ 410,370
Non-cash and other reconciling items:      
Depreciation and amortization 101,336 81,389 60,643
Deferred income taxes (Note 9) 11,782 15,966 46,424
Stock-based compensation (Note 12) 35,737 28,931 28,363
Gain on sale of assets (Note 2) 0 0 (8,751)
Gain on bargain purchase and other (Note 2) (2,918) (22,715) 0
Other, net (Note 15) 66,263 56,846 15,385
Changes in (net of effects from businesses acquired):      
Receivables 72,267 (421,457) (1,070,302)
Inventories 133,178 (321,939) (459,917)
Accounts payable (319,094) 165,185 963,332
Accrued expenses and other, net (136,852) 26,804 (15,962)
Net cash flows provided by (used for) operating activities 528,718 278,079 (30,415)
Cash flows from financing activities:      
Borrowings under accounts receivable securitization program, net (Note 3) 510,000 160,000 0
Issuance of notes in a public offering, net of issuance costs (Note 7) 0 0 296,469
Repayment of notes (Note 7) 0 (109,600) 0
Proceeds from (repayments of) bank debt, net (Note 7) 86,823 1,644 (1,732)
Proceeds from (repayments of) other debt, net (Note 7) (1,007) 7,238 (2,803)
Repurchases of common stock (Note 4) (318,333) 0 0
Other, net (Note 12) 5,590 3,930 4,838
Net cash flows provided by financing activities 283,073 63,212 296,772
Cash flows from investing activities:      
Purchases of property, plant and equipment (128,652) (148,707) (66,888)
Cash proceeds from sales of property, plant and equipment 1,046 10,621 12,015
Acquisitions of operations and investments, net of cash acquired (Note 2) (313,218) (690,997) (69,333)
Cash proceeds from divestiture activities (Note 2) 0 19,108 11,785
Net cash flows used for investing activities (440,824) (809,975) (112,421)
Effect of exchange rate changes on cash and cash equivalents (39,437) 51,916 (5,755)
Cash and cash equivalents:      
- increase (decrease) 331,530 (416,768) 148,181
- at beginning of year 675,334 1,092,102 943,921
- at end of year $ 1,006,864 $ 675,334 $ 1,092,102