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CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2022
Jan. 02, 2022
Cash flows from operating activities:    
Net earnings $ 606,784 $ 545,454
Adjustments to reconcile net earnings to cash provided by operating activities:    
Pension settlement charge 315,354 0
Share-based compensation expense 52,679 60,254
Depreciation and amortization 378,949 377,763
Operating lease asset amortization 55,884 54,856
Amortization of debt issuance and other debt-related costs 10,315 11,014
Deferred income taxes (123,187) (72,892)
Provision for losses on receivables 9,732 1,508
Loss on extinguishment of debt 0 115,603
Other non-cash items 11,525 1,103
Additional changes in certain assets and liabilities, net of effect of businesses acquired:    
Increase in receivables (87,190) (385,179)
Increase in inventories (222,650) (357,908)
Increase in prepaid expenses and other current assets (8,915) (12,560)
(Decrease) increase in accounts payable (390,124) 83,214
(Decrease) increase in accrued expenses (62,779) 95,388
Decrease in operating lease liabilities (57,234) (65,123)
Increase (decrease) in accrued income taxes 3,108 (111,227)
Decrease (increase) in other assets 22,156 (4,255)
(Decrease) increase in other long-term liabilities (10,941) 40,034
Net cash provided by operating activities 503,466 377,047
Cash flows from investing activities:    
Additions to plant and equipment (309,664) (181,374)
Proceeds from sales of plant and equipment 25,493 5,450
Acquisition of businesses, net of cash acquired (37,699) (769,658)
Purchase of marketable securities (14,019) (18,539)
Proceeds from sales of marketable securities 11,641 16,648
Other investing activities 4,840 6,651
Net cash used for investing activities (319,408) (940,822)
Cash flows from financing activities:    
Bank and commercial paper borrowings, net 155,000 0
Other debt borrowings including senior notes 140,024 1,249,995
Other debt repayments including senior notes (57,270) (23,050)
Redemption premiums and repayments for senior notes 0 (1,395,668)
Debt issuance costs 0 (15,547)
Cash received from termination of interest rate swap agreements 0 23,127
Proceeds from stock option exercises 47,339 36,083
Stock repurchases (267,727) (415,824)
Dividends paid (498,323) (481,386)
Other financing activities (46,517) (5,297)
Net cash used for financing activities (527,474) (1,027,567)
Effect of exchange rates on cash, cash equivalents and restricted cash (2,314) (10,868)
Net decrease in cash, cash equivalents and restricted cash (345,730) (1,602,210)
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 585,646 1,434,890
Cash paid during the period for:    
Interest 244,530 258,436
Income taxes, net of refunds $ 289,413 $ 342,628