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CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Cash flows from operating activities:    
Net earnings $ 896 $ 919
Adjustments to reconcile net earnings to cash provided by operating activities:    
Share-based compensation expense 60 53
Depreciation and amortization 473 425
Operating lease asset amortization 68 59
Amortization of debt issuance and other debt-related costs 8 9
Deferred income taxes (22) (29)
Provision for losses on receivables 57 30
Other non-cash items (88) (4)
Additional changes in certain assets and liabilities, net of effect of businesses acquired:    
Increase in receivables (83) (25)
Increase in inventories (394) (98)
(Increase) decrease in prepaid expenses and other current assets (3) 3
Decrease in accounts payable (410) (404)
(Decrease) increase in accrued expenses (17) 17
Decrease in operating lease liabilities (88) (64)
Increase (decrease) in accrued income taxes 10 (55)
(Increase) decrease in other assets (5) 22
Increase (decrease) in other long-term liabilities 36 (2)
Net cash provided by operating activities 498 856
Cash flows from investing activities:    
Additions to plant and equipment (333) (347)
Proceeds from sales of plant and equipment 166 18
Acquisition of businesses, net of cash acquired (40) (1,175)
Purchase of marketable securities (16) (1)
Proceeds from sales of marketable securities 13 0
Other investing activities 6 0
Net cash used for investing activities (204) (1,505)
Cash flows from financing activities:    
Bank and commercial paper borrowings, net 459 500
Other debt borrowings including senior notes 3 1,133
Other debt repayments including senior notes (91) (188)
Proceeds from stock option exercises 67 57
Stock repurchases (300) (200)
Dividends paid (503) (506)
Other financing activities 0 (18)
Net cash (used for) provided by financing activities (365) 778
Effect of exchange rates on cash, cash equivalents and restricted cash (19) 1
Net (decrease) increase in cash, cash equivalents and restricted cash (90) 130
Cash, cash equivalents and restricted cash at beginning of period 945 966
Cash, cash equivalents and restricted cash at end of period 855 1,096
Cash paid during the period for:    
Interest 322 266
Income taxes, net of refunds [1] $ 285 $ 372
[1]
Cash paid for income taxes, net for the 26 weeks ended December 28, 2024 includes $190 million of cash paid for the purchase of federal tax credits.