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CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Cash flows from operating activities:    
Net earnings $ 378,013 $ 216,900
Adjustments to reconcile net earnings to cash provided by operating activities:    
Share-based compensation expense 29,313 25,834
Depreciation and amortization 186,466 180,520
Operating lease asset amortization 28,221 27,379
Amortization of debt issuance and other debt-related costs 5,577 6,554
Deferred income taxes (30,452) (53,579)
Provision for losses on receivables 2,097 (77,790)
Loss on sale of business 0 12,043
Other non-cash items (201) (6,641)
Additional changes in certain assets and liabilities, net of effect of businesses acquired:    
Increase in receivables (478,671) (111,261)
Increase in inventories (294,517) (23,320)
(Increase) decrease in prepaid expenses and other current assets (12,528) 5,577
Increase in accounts payable 329,523 577,013
(Decrease) increase in accrued expenses (103,483) 56,042
Decrease in operating lease liabilities (34,146) (31,167)
Increase in accrued income taxes 69,256 98,712
(Increase) decrease in other assets (9,345) 7,187
Increase in other long-term liabilities 45,689 20,911
Net cash provided by operating activities 110,812 930,914
Cash flows from investing activities:    
Additions to plant and equipment (85,019) (75,539)
Proceeds from sales of plant and equipment 5,627 7,064
Acquisition of businesses, net of cash acquired (714,010) 0
Purchase of marketable securities (9,925) (26,557)
Proceeds from sales of marketable securities 8,700 12,166
Other investing activities 6,022 0
Net cash used for investing activities (788,605) (82,866)
Cash flows from financing activities:    
Bank and commercial paper borrowings, net 0 3,110
Other debt borrowings 3 6,159
Other debt repayments (10,051) (762,858)
Proceeds from stock option exercises 17,881 31,933
Dividends paid (240,561) (228,714)
Other financing activities (5,003) (457)
Net cash used for financing activities (237,731) (950,827)
Effect of exchange rates on cash, cash equivalents and restricted cash (9,355) 17,095
Net decrease in cash, cash equivalents and restricted cash (924,879) (85,684)
Cash, cash equivalents and restricted cash at beginning of period 3,037,100 6,095,570
Cash, cash equivalents and restricted cash at end of period 2,112,221 6,009,886
Cash paid during the period for:    
Interest 225,031 104,879
Income taxes, net of refunds $ 76,712 $ 6,851