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CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Cash flows from operating activities:    
Net earnings $ 866 $ 896
Adjustments to reconcile net earnings to cash provided by operating activities:    
Share-based compensation expense 64 60
Depreciation and amortization 473 473
Operating lease asset amortization 74 68
Amortization of debt issuance and other debt-related costs 7 8
Deferred income taxes (13) (22)
Provision for losses on receivables 45 57
Other non-cash items (35) (88)
Additional changes in certain assets and liabilities, net of effect of businesses acquired:    
Increase in receivables (101) (83)
Increase in inventories (188) (394)
Increase in prepaid expenses and other current assets (28) (3)
Decrease in accounts payable (454) (410)
Increase (decrease) in accrued expenses 39 (17)
Decrease in operating lease liabilities (106) (88)
(Decrease) increase in accrued income taxes (22) 10
Increase in other assets (15) (5)
Increase in other long-term liabilities 5 36
Net cash provided by operating activities 611 498
Cash flows from investing activities:    
Additions to plant and equipment (300) (333)
Proceeds from sales of plant and equipment 102 166
Acquisition of businesses, net of cash acquired (133) (40)
Purchase of marketable securities 0 (16)
Proceeds from sales of marketable securities 8 13
Other investing activities 23 6
Net cash used for investing activities (300) (204)
Cash flows from financing activities:    
Bank and commercial paper borrowings, net 1,051 459
Other debt borrowings including senior notes 2 3
Other debt repayments including senior notes (830) (91)
Proceeds from stock option exercises 60 67
Stock repurchases 0 (300)
Dividends paid (518) (503)
Other financing activities (27) 0
Net cash used for financing activities (262) (365)
Effect of exchange rates on cash, cash equivalents and restricted cash 1 (19)
Net increase (decrease) in cash, cash equivalents and restricted cash 50 (90)
Cash, cash equivalents and restricted cash at beginning of period 1,349 945
Cash, cash equivalents and restricted cash at end of period 1,399 855
Cash paid during the period for:    
Interest 351 322
Income taxes, net of refunds [1] $ 253 $ 285
[1]
Cash paid for income taxes, net for the 26 weeks ended December 27, 2025 and December 28, 2024 includes $137 million and $190 million, respectively, of cash paid for the purchase of federal tax credits.