XML 125 R107.htm IDEA: XBRL DOCUMENT v3.20.2
QUARTERLY RESULTS (UNAUDITED) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Jun. 27, 2020
Mar. 28, 2020
Dec. 28, 2019
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Dec. 29, 2018
Sep. 29, 2018
Jun. 27, 2020
Jun. 29, 2019
Jun. 30, 2018
Quarterly Financial Data [Abstract]                      
Sales $ 8,866,564 $ 13,698,699 $ 15,025,042 $ 15,303,005 $ 15,474,862 $ 14,658,074 $ 14,765,707 $ 15,215,279 $ 52,893,310 $ 60,113,922 $ 58,727,324
Cost of sales 7,300,909 11,134,459 12,196,643 12,359,635 12,495,670 11,903,776 11,993,995 12,311,494 42,991,646 48,704,935 47,641,933
Gross profit 1,565,655 2,564,240 2,828,399 2,943,370 2,979,192 2,754,298 2,771,712 2,903,785 9,901,664 11,408,987 11,085,391
Operating expenses 2,097,235 2,503,966 2,275,906 2,275,052 2,258,662 2,224,713 2,319,817 2,275,645 9,152,159 9,078,837 8,771,335
Operating income (531,580) 60,274 552,493 668,318 720,530 529,585 451,895 628,140 749,505 2,330,150 2,314,056
Interest expense 164,269 83,854 76,762 83,335 89,780 94,514 87,113 89,016 408,220 360,423 395,483
Other expense (income), net 40,396 5,200 (807) 3,112 (51,558) 4,120 10,197 1,132 47,901 (36,109) (37,651)
Earnings before income taxes (736,245) (28,780) 476,538 581,871 682,308 430,951 354,585 537,992 293,384 2,005,836 1,956,224
Income taxes (117,826) (25,483) 93,128 128,090 146,542 (9,132) 87,205 106,950 77,909 331,565 525,458
Net earnings $ (618,419) $ (3,297) $ 383,410 $ 453,781 $ 535,766 $ 440,083 $ 267,380 $ 431,042 $ 215,475 $ 1,674,271 $ 1,430,766
Per Share:                      
Basic net earnings (in dollars per share) $ (1.22) $ (0.01) $ 0.75 $ 0.88 $ 1.04 $ 0.86 $ 0.52 $ 0.83 $ 0.42 $ 3.24 $ 2.74
Diluted net earnings (in dollars per share) (1.22) (0.01) 0.74 0.87 1.03 0.85 0.51 0.81 0.42 3.20 2.70
Dividends declared (in dollars per share) $ 0.45 $ 0.45 $ 0.45 $ 0.39 $ 0.39 $ 0.39 $ 0.39 $ 0.36 $ 1.74 $ 1.53 $ 1.41
Excess bad debt expense $ 323,400 $ 323,400                  
Goodwill impairment 203,200 $ 203,200             $ 203,206 $ 0 $ 0
Impairment of assets held for sale $ 55,900               55,942 0 0
Gain on sale of business         $ 66,300       $ 0 $ 66,309 $ 0
Foreign tax credits           $ 95,100