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CONSOLIDATED CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 30, 2018
Cash flows from operating activities:      
Net earnings $ 215,475 $ 1,674,271 $ 1,430,766
Adjustments to reconcile net earnings to cash provided by operating activities:      
Share-based compensation expense 42,234 104,904 93,841
Depreciation and amortization 805,765 763,935 765,498
Operating lease asset amortization 108,376    
Amortization of debt issuance and other debt-related costs 22,663 21,382 28,474
Goodwill impairment 203,206 0 0
Impairment of assets held for sale 55,942 0 0
Gain on sale of business 0 (66,309) 0
Loss on extinguishment of debt 0 0 53,104
Deferred income taxes (191,317) (126,719) 187,908
Provision for losses on receivables 404,158 62,946 21,448
Other non-cash items (525) (3,172) 3,986
Additional changes in certain assets and liabilities, net of effect of businesses acquired:      
Decrease (increase) in receivables 915,717 (203,458) (37,457)
Decrease (Increase) in inventories 114,563 (114,667) (89,737)
Decrease (increase) in prepaid expenses and other current assets 9,835 (18,535) (19,643)
(Decrease) increase in accounts payable (834,118) 246,420 76,897
(Decrease) increase in accrued expenses (139,891) 137,517 47,105
(Decrease) in operating lease liabilities (124,040)    
(Decrease) increase in accrued income taxes (102,678) 4,929 (10,652)
Decrease (increase) in other assets 20,666 (21,346) (81,104)
Increase (decrease) in other long-term liabilities 92,649 (50,891) (315,054)
Net cash provided by operating activities 1,618,680 2,411,207 2,155,380
Cash flows from investing activities:      
Additions to plant and equipment (720,423) (692,391) (687,815)
Proceeds from sales of plant and equipment 28,717 20,941 22,255
Acquisition of businesses, net of cash acquired (142,780) (106,616) (248,105)
Proceeds from sale of business 0 149,879 0
Purchase of marketable securities (11,424) (116,440) 0
Proceeds from sales of marketable securities 20,532 0 0
Other investing activities 69,071 1,772 3,252
Net cash used for investing activities (756,307) (742,855) (910,413)
Cash flows from financing activities:      
Bank and commercial paper borrowings, net 616,657 132,100 (119,700)
Other debt borrowings 6,783,562 388,180 1,000,599
Other debt repayments (1,119,232) (790,250) (552,036)
Tender and redemption premiums for senior notes 0 0 (281,762)
Proceeds from stock option exercises 227,602 253,135 268,751
Treasury stock purchases (844,699) (1,022,033) (978,901)
Dividends paid (856,312) (775,430) (722,158)
Other financing activities (87,778) (22,976) (25,262)
Net cash provided by (used for) financing activities 4,719,800 (1,837,274) (1,410,469)
Effect of exchange rates on cash, cash equivalents and restricted cash (18,848) (14,677) 11,844
Net increase (decrease) in cash, cash equivalents and restricted cash 5,563,325 (183,599) (153,658)
Cash, cash equivalents and restricted cash at beginning of period 532,245 715,844 869,502
Cash, cash equivalents and restricted cash at end of period 6,095,570 532,245 715,844
Supplemental disclosures of cash flow information:      
Interest 325,308 346,670 301,672
Income taxes $ 376,609 $ 531,103 $ 268,384