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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 29, 2019
Jun. 30, 2018
Current assets    
Cash and cash equivalents $ 513,460 $ 552,325
Accounts and notes receivable, less allowances of $28,176 and $25,768 4,181,696 4,073,723
Inventories 3,216,034 3,125,413
Prepaid expenses and other current assets 210,582 187,880
Income tax receivable 19,733 64,112
Total current assets 8,141,505 8,003,453
Plant and equipment at cost, less accumulated depreciation 4,501,705 4,521,660
Other long-term assets    
Goodwill 3,896,226 3,955,485
Intangibles, less amortization 857,301 979,812
Deferred income taxes 80,760 83,666
Other assets 489,025 526,328
Total other long-term assets 5,323,312 5,545,291
Total assets 17,966,522 18,070,404
Current liabilities    
Notes payable 3,957 4,176
Accounts payable 4,314,620 4,136,482
Accrued expenses 1,729,941 1,608,966
Accrued income taxes 17,343 56,793
Current maturities of long-term debt 37,322 782,329
Total current liabilities 6,103,183 6,588,746
Long-term liabilities    
Long-term debt 8,122,058 7,540,765
Deferred income taxes 172,232 319,124
Other long-term liabilities 1,031,020 1,077,163
Total long-term liabilities 9,325,310 8,937,052
Commitments and contingencies
Noncontrolling interest 35,426 37,649
Shareholders’ equity    
Preferred stock, par value $1 per share Authorized 1,500,000 shares, issued none 0 0
Common stock, par value $1 per share Authorized 2,000,000,000 shares, issued 765,174,900 shares 765,175 765,175
Paid-in capital 1,457,419 1,383,619
Retained earnings 11,229,679 10,348,628
Accumulated other comprehensive loss (1,599,729) (1,409,269)
Treasury stock at cost, 252,297,926 and 244,533,248 shares (9,349,941) (8,581,196)
Total shareholders’ equity 2,502,603 2,506,957
Total liabilities and shareholders’ equity $ 17,966,522 $ 18,070,404