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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Cash flows from operating activities:    
Net (loss) income $ (83,242) $ 208,173
Less: Loss from discontinued operations, net of tax (1,548) (7,066)
Income (loss) from continuing operations, net of tax (81,694) 215,239
Non-cash and other reconciling items:    
Depreciation 75,535 72,692
Amortization 62,240 63,123
Amortization of Operating Lease Assets 46,560  
Deferred income taxes (42,529) 45,286
Stock-based compensation 20,757 24,204
Goodwill and intangible asset impairment 145,836  
Other, net 35,000 42,786
Changes in (net of effects from businesses acquired and divested):    
Receivables 150,095 436,382
Inventories 227,996 (125,410)
Accounts payable (112,923) (399,526)
Accrued expenses and other, net (84,263) (118,347)
Net cash flows provided by operating activities - continuing operations 442,610 256,429
Net cash flows used for operating activities - discontinued operations   (56,284)
Net cash flows provided by operating activities 442,610 200,145
Cash flows from financing activities:    
Borrowings (repayments) under accounts receivable securitization, net (127,400) 342,000
Repayments under bank credit facilities and other debt, net (1,639) (11,386)
Borrowings (repayments) under senior unsecured credit facility, net (1,194) 85,005
Repurchases of common stock (235,830) (447,901)
Dividends paid on common stock (63,235) (66,188)
Other, net (15,132) 10,042
Net cash flows used for financing activities - continuing operations (444,430) (88,428)
Net cash flows used for financing activities (444,430) (88,428)
Cash flows from investing activities:    
Purchases of property, plant and equipment (61,156) (101,383)
Acquisitions of businesses, net of cash acquired (51,509) (66,458)
Other, net (12,547) 42,069
Net cash flows used for investing activities - continuing operations (125,212) (125,772)
Net cash flows provided by investing activities - discontinued operations   123,473
Net cash flows used for investing activities (125,212) (2,299)
Effect on currency exchange rate changes on cash and cash equivalents (16,418) (5,291)
Cash and cash equivalents:    
(Decrease) increase (143,450) 104,127
Cash and cash equivalents at beginning of year 546,105 621,125
Cash and cash equivalents at end of year $ 402,655 $ 725,252