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CONSOLIDATED CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Jul. 02, 2016
Cash flows from operating activities:      
Net earnings $ 1,430,766 $ 1,142,503 $ 949,622
Adjustments to reconcile net earnings to cash provided by operating activities:      
Share-based compensation expense 93,841 83,883 79,466
Depreciation and amortization 765,498 901,992 662,710
Amortization of debt issuance and other debt-related costs 28,474 31,852 45,137
Loss on extinguishment of debt 53,104 0 86,460
Loss on foreign exchange remeasurement 0 0 101,228
Deferred income taxes 187,908 (51,846) 93,871
Provision for losses on receivables 21,448 20,672 20,372
Other non-cash items 3,986 6,704 23,347
Additional changes in certain assets and liabilities, net of effect of businesses acquired:      
(Increase) decrease in receivables (37,457) 20,452 (27,311)
(Increase) decrease in inventories (89,737) (113,647) 66,937
(Increase) decrease in prepaid expenses and other current assets (19,643) 8,158 (8,468)
Increase in accounts payable 76,897 322,775 23,863
Increase (decrease) in accrued expenses 47,105 (4,476) (157,600)
(Decrease) increase in accrued income taxes (10,652) (74,590) 231,542
(Increase) in other assets (77,852) (36,449) (6,639)
(Decrease) in other long-term liabilities (315,054) (18,629) (196,190)
Net cash provided by operating activities 2,158,632 2,239,354 1,988,347
Cash flows from investing activities:      
Additions to plant and equipment (687,815) (686,378) (527,346)
Proceeds from sales of plant and equipment 22,255 23,715 23,511
Acquisition of businesses, net of cash acquired (248,105) (2,921,798) (219,218)
Purchase of foreign currency options 0 0 (103,501)
Proceeds from sale of foreign currency options 0 0 57,452
Net cash used for investing activities (913,665) (3,584,461) (769,102)
Cash flows from financing activities:      
Bank and commercial paper borrowings, net (119,700) 119,700 0
Other debt borrowings 1,000,599 753,834 5,134,709
Other debt repayments (552,036) (143,664) (126,797)
Tender and redemption premiums for senior notes (281,762) 0 0
Redemption of senior notes 0 0 (5,050,000)
Proceeds from stock option exercises 268,751 204,805 282,455
Treasury stock purchases (978,901) (1,886,121) (1,949,445)
Dividends paid (722,158) (698,647) (698,869)
Other financing activities (25,262) (32,494) (51,989)
Net cash used for financing activities (1,410,469) (1,682,587) (2,459,936)
Effect of exchange rates on cash, cash equivalents and restricted cash 11,844 (22,104) (138,327)
Net decrease in cash, cash equivalents and restricted cash (153,658) (3,049,798) (1,379,018)
Cash, cash equivalents and restricted cash at beginning of period 869,502 3,919,300 5,298,318
Cash, cash equivalents and restricted cash at end of period 715,844 869,502 3,919,300
Supplemental disclosures of cash flow information:      
Interest 301,672 285,025 200,174
Income taxes $ 268,384 $ 761,384 $ 180,565