XML 26 R8.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 26, 2020
Dec. 28, 2019
Cash flows from operating activities:    
Net earnings $ 284,189 $ 837,191
Adjustments to reconcile net earnings to cash provided by operating activities:    
Share-based compensation expense 47,122 46,644
Depreciation and amortization 365,332 372,416
Operating lease asset amortization 55,231 53,444
Amortization of debt issuance and other debt-related costs 12,946 9,889
Deferred income taxes (107,821) (75,898)
Provision for losses on receivables (94,242) 38,418
Loss on sale of business 12,043 0
Other non-cash items (9,312) 3,239
Additional changes in certain assets and liabilities, net of effect of businesses acquired:    
Decrease (increase) in receivables 192,121 (161,158)
Decrease (increase) in inventories 37,345 (279,403)
Increase in prepaid expenses and other current assets (22,519) (38,503)
Increase (decrease) in accounts payable 84,708 (191,280)
Increase (decrease) in accrued expenses 20,108 (49,866)
Decrease in operating lease liabilities (63,496) (62,101)
Increase in accrued income taxes 63,385 182,557
Decrease in other assets 20,576 13,023
Increase in other long-term liabilities 38,962 55,857
Net cash provided by operating activities 936,678 754,469
Cash flows from investing activities:    
Additions to plant and equipment (163,944) (393,379)
Proceeds from sales of plant and equipment 15,510 10,293
Acquisition of businesses, net of cash acquired 0 (142,783)
Purchase of marketable securities (36,121) (11,424)
Proceeds from sales of marketable securities 20,797 9,038
Other investing activities 0 565
Net cash used for investing activities (163,758) (527,690)
Cash flows from financing activities:    
Bank and commercial paper borrowings, net 6,463 721,415
Other debt borrowings 4,094 18,966
Other debt repayments (773,663) (23,234)
Proceeds from stock option exercises 66,635 141,709
Stock repurchases 0 (630,395)
Dividends paid (458,717) (399,093)
Other financing activities (873) (22,461)
Net cash used for financing activities (1,156,061) (193,093)
Effect of exchange rates on cash, cash equivalents and restricted cash 77,056 5,565
Net (decrease) increase in cash, cash equivalents and restricted cash (306,085) 39,251
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 5,789,485 571,496
Cash paid during the period for:    
Interest 290,926 162,720
Income taxes $ 110,453 $ 122,049