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CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Cash flows from operating activities:    
Net earnings $ 465,568 $ 378,013
Adjustments to reconcile net earnings to cash provided by operating activities:    
Share-based compensation expense 27,224 29,313
Depreciation and amortization 188,924 186,466
Operating lease asset amortization 27,542 28,221
Amortization of debt issuance and other debt-related costs 5,435 5,577
Deferred income taxes (31,226) (30,452)
Provision for losses on receivables 3,865 2,097
Other non-cash items 5,011 (201)
Additional changes in certain assets and liabilities, net of effect of businesses acquired:    
Increase in receivables (576,585) (478,671)
Increase in inventories (283,252) (294,517)
Increase in prepaid expenses and other current assets (28,372) (12,528)
Increase in accounts payable 288,517 329,523
Decrease in accrued expenses (10,893) (103,483)
Decrease in operating lease liabilities (33,319) (34,146)
Increase in accrued income taxes 109,280 69,256
Decrease (increase) in other assets 17,627 (9,345)
(Decrease) increase in other long-term liabilities (16,740) 45,689
Net cash provided by operating activities 158,606 110,812
Cash flows from investing activities:    
Additions to plant and equipment (167,260) (85,019)
Proceeds from sales of plant and equipment 22,448 5,627
Acquisition of businesses, net of cash acquired (32,651) (714,010)
Purchase of marketable securities (3,296) (9,925)
Proceeds from sales of marketable securities 2,650 8,700
Other investing activities 3,274 6,022
Net cash used for investing activities (174,835) (788,605)
Cash flows from financing activities:    
Bank and commercial paper borrowings, net 97,000 0
Other debt borrowings including senior notes 59,063 3
Other debt repayments including senior notes (18,104) (10,051)
Proceeds from stock option exercises 24,561 17,881
Stock repurchases (267,727) 0
Dividends paid (249,294) (240,561)
Other financing activities (45,851) (5,003)
Net cash used for financing activities (400,352) (237,731)
Effect of exchange rates on cash, cash equivalents and restricted cash (11,369) (9,355)
Net decrease in cash, cash equivalents and restricted cash (427,950) (924,879)
Cash, cash equivalents and restricted cash at beginning of period 931,376 3,037,100
Cash, cash equivalents and restricted cash at end of period 503,426 2,112,221
Cash paid during the period for:    
Interest 84,010 225,031
Income taxes, net of refunds $ 47,985 $ 76,712