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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Cash flows from operating activities:    
Net income $ 615,572 $ 445,556
Non-cash and other reconciling items:    
Depreciation 59,870 65,719
Amortization 5,169 12,034
Amortization of Operating Lease Assets 39,962 40,298
Deferred income taxes (11,053) 1,423
Stock-based compensation 30,057 28,638
Other, net 7,986 47,667
Changes in (net of effects from businesses acquired and divested):    
Receivables (320,097) (880,957)
Inventories (1,033,381) (549,999)
Accounts payable (331,352) 628,822
Accrued expenses and other, net (10,974) 141,381
Net cash flows used for operating activities (948,241) (19,418)
Cash flows from financing activities:    
Issuance of notes, net of discounts 498,615  
Borrowings under accounts receivable securitization, net 261,000 57,400
Borrowings under senior unsecured credit facility, net 763,991  
Borrowings (repayments) under bank credit facilities and other debt, net (90,256) 117,982
Repurchases of common stock (221,282) (88,952)
Dividends paid on common stock (79,807) (73,253)
Other, net (9,814) (16,853)
Net cash flows provided by (used for) financing activities 1,122,447 (3,676)
Cash flows from investing activities:    
Purchases of property, plant and equipment (137,804) (33,679)
Proceeds from liquidation of Company Owned Life Insurance Policies   84,343
Other, net (16,326) 724
Net cash flows (used) provided by investing activities (154,130) 51,388
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations 12,168 (28,528)
Cash and cash equivalents:    
increase (decrease) 32,244 (234)
Cash and cash equivalents at beginning of year 153,693 199,691
Cash and cash equivalents at end of year $ 185,937 $ 199,457