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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 02, 2022
Jul. 03, 2021
Current assets    
Cash and cash equivalents $ 1,374,276 $ 3,007,123
Accounts receivable, less allowances of $128,189 and $117,695 4,219,868 3,781,510
Inventories 4,115,683 3,695,219
Prepaid expenses and other current assets 252,351 240,956
Income tax receivable 100,973 8,759
Total current assets 10,063,151 10,733,567
Plant and equipment at cost, less accumulated depreciation 4,307,156 4,326,063
Other long-term assets    
Goodwill 4,416,912 3,944,139
Intangibles, less amortization 906,328 746,073
Deferred income taxes 387,050 352,523
Operating lease right-of-use assets, net 724,861 709,163
Other assets 621,304 602,011
Total other long-term assets 7,056,455 6,353,909
Total assets 21,426,762 21,413,539
Current liabilities    
Notes payable 8,574 8,782
Accounts payable 5,019,052 4,884,781
Accrued expenses 1,980,293 1,814,837
Accrued income taxes 3,631 22,644
Current operating lease liabilities 94,603 102,659
Current maturities of long-term debt 487,407 486,141
Total current liabilities 7,593,560 7,319,844
Long-term liabilities    
Long-term debt 10,593,390 10,588,184
Deferred income taxes 160,718 147,066
Long-term operating lease liabilities 659,136 634,481
Other long-term liabilities 1,166,196 1,136,480
Total long-term liabilities 12,579,440 12,506,211
Noncontrolling interest 32,690 34,588
Shareholders’ equity    
Preferred stock, par value $1 per share Authorized 1,500,000 shares, issued none 0 0
Common stock, par value $1 per share Authorized 2,000,000,000 shares, issued 765,174,900 shares 765,175 765,175
Paid-in capital 1,690,487 1,619,995
Retained earnings 10,216,625 10,151,706
Accumulated other comprehensive loss (1,236,258) (1,148,764)
Treasury stock at cost, 258,033,856 and 253,342,595 shares (10,214,957) (9,835,216)
Total shareholders’ equity 1,221,072 1,552,896
Total liabilities and shareholders’ equity $ 21,426,762 $ 21,413,539