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CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Apr. 02, 2022
Mar. 27, 2021
Cash flows from operating activities:    
Net earnings $ 848,779 $ 373,116
Adjustments to reconcile net earnings to cash provided by operating activities:    
Share-based compensation expense 90,667 65,655
Depreciation and amortization 571,607 542,471
Operating lease asset amortization 82,415 81,414
Amortization of debt issuance and other debt-related costs 16,160 19,485
Deferred income taxes (110,058) (161,824)
Provision for losses on receivables 572 (137,670)
Loss on extinguishment of debt 115,603 0
Loss on sale of business 0 22,834
Other non-cash items (8,945) (7,507)
Additional changes in certain assets and liabilities, net of effect of businesses acquired:    
Increase in receivables (908,127) (130,403)
Increase in inventories (644,799) (82,525)
Increase in prepaid expenses and other current assets (25,391) (50,833)
Increase in accounts payable 764,263 800,248
Increase in accrued expenses 131,376 9,065
Decrease in operating lease liabilities (99,343) (94,228)
(Decrease) increase in accrued income taxes (42,013) 167,693
(Increase) decrease in other assets (6,595) 23,345
(Decrease) increase in other long-term liabilities (30,300) 39,448
Net cash provided by operating activities 745,871 1,479,784
Cash flows from investing activities:    
Additions to plant and equipment (327,535) (251,167)
Proceeds from sales of plant and equipment 15,946 19,308
Acquisition of businesses, net of cash acquired (1,281,835) 0
Purchase of marketable securities (19,318) (44,687)
Proceeds from sales of marketable securities 16,648 30,773
Other investing activities 12,773 0
Net cash used for investing activities (1,583,321) (245,773)
Cash flows from financing activities:    
Bank and commercial paper borrowings, net 0 (411,200)
Other debt borrowings including senior notes 1,251,484 2,943
Other debt repayments (38,370) (1,489,431)
Redemption premiums and repayments of senior notes (1,395,668) 0
Debt issuance costs (15,547) 0
Cash received from termination of interest rate swap agreements 23,127 0
Proceeds from stock option exercises 89,185 112,231
Stock repurchases (415,824) 0
Dividends paid (719,865) (689,251)
Other financing activities (19,456) (15,024)
Net cash used for financing activities (1,240,934) (2,489,732)
Effect of exchange rates on cash, cash equivalents and restricted cash (13,623) 85,183
Net decrease in cash, cash equivalents and restricted cash (2,092,007) (1,170,538)
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 945,093 4,925,032
Cash paid during the period for:    
Interest 456,996 386,753
Income taxes, net of refunds $ 395,065 $ 71,435