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v3.3.1.900

Consolidated Results of Operations - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Dec. 26, 2015 | Dec. 27, 2014 | Dec. 26, 2015 | Dec. 27, 2014
Income Statement [Abstract] |  |  |  |
Sales | $ 12,153,626 | $ 12,087,074 | $ 24,716,237 | $ 24,532,155
Cost of sales | 9,996,812 | 10,001,937 | 20,321,428 | 20,258,301
Gross profit | 2,156,814 | 2,085,137 | 4,394,809 | 4,273,854
Operating expenses | 1,724,231 | 1,769,691 | 3,468,752 | 3,492,795
Operating income | 432,583 | 315,446 | 926,057 | 781,059
Interest expense | 47,235 | 77,042 | 174,142 | 107,976
Other expense (income), net | (7,764) | 2,207 | (23,004) | 19
Earnings before income taxes | 393,112 | 236,197 | 774,919 | 673,064
Income taxes | 120,713 | 78,218 | 258,100 | 236,272
Net earnings | $ 272,399 | $ 157,979 | $ 516,819 | $ 436,792
Net earnings: |  |  |  |
Basic earnings per share (in dollars per share) | $ 0.48 | $ 0.27 | $ 0.89 | $ 0.74
Diluted earnings per share (in dollars per share) | $ 0.48 | $ 0.27 | $ 0.88 | $ 0.73
Average shares outstanding (in shares) | 566,881,538 | 590,723,351 | 581,790,230 | 589,499,802
Diluted shares outstanding (in shares) | 571,452,124 | 595,911,680 | 586,121,013 | 594,610,315
Dividends declared per common share (in dollars per share) | $ 0.31 | $ 0.3 | $ 0.61 | $ 0.59

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