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Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash flows from operating activities:    
Net earnings $ 216,900 $ 453,781
Adjustments to reconcile net earnings to cash provided by operating activities:    
Share-based compensation expense 25,834 21,386
Depreciation and amortization 180,520 187,405
Operating lease asset amortization 27,379 26,925
Amortization of debt issuance and other debt-related costs 6,554 4,920
Deferred income taxes (53,579) (25,494)
Provision for losses on receivables (77,790) 18,712
Loss on sale of business 12,043 0
Other non-cash items (6,641) 2,295
Additional changes in certain assets and liabilities, net of effect of businesses acquired:    
Increase in receivables (111,261) (236,136)
Increase in inventories (23,320) (186,331)
Decrease (increase) in prepaid expenses and other current assets 5,577 (30,133)
Increase (decrease) in accounts payable 577,013 (38,894)
Increase (decrease) in accrued expenses 56,042 (92,661)
Decrease in operating lease liabilities (31,167) (30,597)
Increase in accrued income taxes 98,712 89,467
Decrease in other assets 7,187 3,141
Increase in other long-term liabilities 20,911 3,793
Net cash provided by operating activities 930,914 171,579
Cash flows from investing activities:    
Additions to plant and equipment (75,539) (175,728)
Proceeds from sales of plant and equipment 7,064 4,902
Acquisition of businesses, net of cash acquired 0 (74,814)
Purchase of marketable securities (26,557) (4,002)
Proceeds from sales of marketable securities 12,166 3,018
Net cash used for investing activities (82,866) (246,624)
Cash flows from financing activities:    
Bank and commercial paper borrowings, net 3,110 533,400
Other debt borrowings 6,159 31,789
Other debt repayments (762,858) (16,139)
Proceeds from stock option exercises 31,933 85,317
Treasury stock purchases 0 (349,314)
Dividends paid (228,714) (200,037)
Other financing activities (457) (22,311)
Net cash (used for) provided by financing activities (950,827) 62,705
Effect of exchange rates on cash, cash equivalents and restricted cash 17,095 (5,485)
Net decrease in cash, cash equivalents and restricted cash (85,684) (17,825)
Cash, cash equivalents and restricted cash at beginning of period 6,095,570 532,245
Cash, cash equivalents and restricted cash at end of period 6,009,886 514,420
Cash paid during the period for:    
Interest 104,879 84,407
Income taxes $ 6,851 $ 70,013