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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jul. 01, 2023
Cash flows from operating activities:      
Net income $ 240,217 $ 498,699 $ 770,828
Non-cash and other reconciling items:      
Depreciation, Depletion and Amortization, Nonproduction 71,616 86,708 88,613
Amortization of Operating Lease Assets 53,579 53,796 54,392
Deferred income taxes (105,412) (9,749) (37,060)
Stock-based compensation 36,399 33,496 38,781
Other, net 25,942 15,800 52,142
Changes in (net of effects from businesses acquired and divested):      
Receivables 183,533 316,218 (461,117)
Inventories 409,553 (51,203) (1,173,124)
Accounts payable 101,702 4,496 (75,943)
Accrued expenses and other, net (292,625) (258,277) 28,785
Net cash flows provided by operating activities 724,504 689,984 (713,703)
Cash flows from financing activities:      
Issuance of notes, net of discounts     498,615
Borrowings (repayments) under accounts receivable securitization, net 84,900 (140,700) 258,000
(Repayments) borrowings under senior unsecured credit facility, net (357,299) (43,277) 728,182
(Repayments) borrowings under bank credit facilities and other debt, net (2,451) 27,491 (96,209)
Repurchases of common stock (303,490) (162,723) (221,730)
Dividends paid on common stock (113,310) (111,963) (106,325)
Other, net (1,876) (2,627) (5,777)
Net cash flows used for financing activities (693,526) (433,799) 1,054,756
Cash flows from investing activities:      
Purchases of property, plant and equipment (147,474) (226,478) (194,674)
Other, net 10,347 994 (16,877)
Net cash flows used for investing activities (137,127) (225,484) (211,551)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations (12,364) (7,990) 5,035
Cash and cash equivalents:      
(decrease) increase (118,513) 22,711 134,537
Cash and cash equivalents at beginning of year 310,941 288,230 153,693
Cash and cash equivalents at end of year $ 192,428 $ 310,941 $ 288,230