XML 24 R8.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net earnings $ 490 $ 503
Adjustments to reconcile net earnings to cash provided by operating activities:    
Share-based compensation expense 30 24
Depreciation and amortization 235 206
Operating lease asset amortization 34 29
Amortization of debt issuance and other debt-related costs 4 5
Deferred income taxes (17) (22)
Provision for losses on receivables 21 18
Other non-cash items (40) (2)
Additional changes in certain assets and liabilities, net of effect of businesses acquired:    
Increase in receivables (427) (285)
Increase in inventories (287) (185)
Increase in prepaid expenses and other current assets (16) (39)
Increase (decrease) in accounts payable 27 (188)
Decrease in accrued expenses (128) (40)
Decrease in operating lease liabilities (42) (27)
Increase in accrued income taxes 140 80
Decrease in other assets 2 20
Increase (decrease) in other long-term liabilities 27 (10)
Net cash provided by operating activities 53 87
Cash flows from investing activities:    
Additions to plant and equipment (122) (171)
Proceeds from sales of plant and equipment 77 11
Acquisition of businesses, net of cash acquired 0 (219)
Purchase of marketable securities (12) (1)
Proceeds from sales of marketable securities 10 0
Other investing activities 1 0
Net cash used for investing activities (46) (380)
Cash flows from financing activities:    
Bank and commercial paper borrowings, net 240 300
Other debt borrowings including senior notes 3 127
Other debt repayments including senior notes (44) (20)
Proceeds from stock option exercises 29 17
Stock repurchases (108) (100)
Dividends paid (251) (253)
Other financing activities 0 (5)
Net cash (used for) provided by financing activities (131) 66
Effect of exchange rates on cash, cash equivalents and restricted cash 13 (11)
Net decrease in cash, cash equivalents and restricted cash (111) (238)
Cash, cash equivalents and restricted cash at beginning of period 945 966
Cash, cash equivalents and restricted cash at end of period 834 728
Cash paid during the period for:    
Interest 144 94
Income taxes, net of refunds $ 26 $ 103