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Consolidated Cash Flows (USD $)
In Thousands
12 Months Ended
Jul. 02, 2011
Jul. 03, 2010
Jun. 27, 2009
Cash flows from operating activities:      
Net earnings $ 1,152,030 $ 1,179,983 $ 1,055,948
Adjustments to reconcile net earnings to cash provided by operating activities:      
Share-based compensation expense 59,235 66,358 56,030
Depreciation and amortization 402,588 389,976 382,339
Deferred income taxes (165,239) (121,865) (294,162)
Provision for losses on receivables 42,623 34,931 74,638
Other non-cash items (9,454) 2,550 (3,586)
Additional investment in certain assets and liabilities, net of effect of businesses acquired:      
(Increase) decrease in receivables (252,641) (166,426) 188,748
(Increase) decrease in inventories (254,738) (106,172) 177,590
Decrease (increase) in prepaid expenses and other current assets 341 (6,271) (678)
Increase (decrease) in accounts payable 187,410 154,811 (198,284)
(Decrease) increase in accrued expenses (43,348) 58,002 (120,314)
(Decrease) increase in accrued income taxes (44,202) (296,475) 325,482
(Increase) in other assets (26,966) (31,514) (15,701)
Increase (decrease) in other long-term liabilities and prepaid pension cost, net 44,308 (271,692) (48,380)
Excess tax benefits from share-based compensation arrangements (429) (768) (2,921)
Net cash provided by operating activities 1,091,518 885,428 1,576,749
Cash flows from investing activities:      
Additions to plant and equipment (636,442) (594,604) (464,561)
Proceeds from sales of plant and equipment 19,069 21,710 25,244
Acquisition of businesses, net of cash acquired (101,148) (29,293) (218,075)
Purchases of short-term investments 0 (85,071) 0
Maturities of short-term investments 24,993 61,568 0
Decrease (increase) in restricted cash 13,972 (30,630) (1,271)
Net cash used for investing activities (679,556) (656,320) (658,663)
Cash flows from financing activities:      
Bank and commercial paper borrowings (repayments), net 181,975 0 0
Other debt borrowings 4,411 7,091 506,611
Other debt repayments (8,732) (10,695) (10,173)
Debt issuance costs (7) (7) (3,693)
Proceeds from common stock reissued from treasury for share-based compensation awards 332,688 94,750 111,780
Treasury stock purchases (291,600) (179,174) (438,843)
Dividends paid (597,071) (579,763) (548,246)
Excess tax benefits from share-based compensation arrangements 429 768 2,921
Net cash used for financing activities (377,907) (667,030) (379,643)
Effect of exchange rates on cash 20,267 4,714 334
Net increase (decrease) in cash and cash equivalents 54,322 (433,208) 538,777
Cash and cash equivalents at beginning of period 585,443 1,018,651 479,874
Cash and cash equivalents at end of period 639,765 585,443 1,018,651
Supplemental disclosures of cash flow information:      
Interest 119,050 127,411 108,608
Income taxes $ 907,720 $ 1,141,963 $ 735,772