v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 01, 2023
Jul. 02, 2022
Current assets:    
Cash $ 12.7 $ 11.6
Accounts receivable, less allowances of $56.3 and $54.2 2,399.3 2,307.4
Inventories, net 3,390.0 3,428.6
Income taxes receivable 41.7 34.0
Prepaid expenses and other current assets 227.8 240.4
Total current assets 6,071.5 6,022.0
Goodwill 2,301.0 2,279.2
Other intangible assets, net 1,028.4 1,195.6
Property, plant and equipment, net 2,264.0 2,134.5
Operating lease right-of-use assets 703.6 623.4
Other assets 130.5 123.3
Total assets 12,499.0 12,378.0
Current liabilities:    
Trade accounts payable and outstanding checks in excess of deposits 2,453.5 2,559.5
Accrued expenses and other current liabilities 891.5 882.6
Finance lease obligations—current installments 102.6 79.9
Operating lease obligations—current installments 105.5 111.0
Total current liabilities 3,553.1 3,633.0
Long-term debt 3,460.1 3,908.8
Deferred income tax liability, net 446.2 424.3
Finance lease obligations, excluding current installments 447.3 366.7
Operating lease obligations, excluding current installments 628.9 530.8
Other long-term liabilities 217.9 214.9
Total liabilities 8,753.5 9,078.5
Commitments and contingencies (Note 15)
Shareholders’ equity:    
Common Stock: $0.01 par value per share, 1.0 billion shares authorized, 154.5 million shares issued and outstanding as of July 1, 2023; 153.6 million shares issued and outstanding as of July 2, 2022 1.5 1.5
Additional paid-in capital 2,863.0 2,816.8
Accumulated other comprehensive income, net of tax expense of $4.9 and $3.8 14.0 11.4
Retained earnings 867.0 469.8
Total shareholders’ equity 3,745.5 3,299.5
Total liabilities and shareholders’ equity $ 12,499.0 $ 12,378.0