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CONSOLIDATED RESULTS OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2018 | Mar. 31, 2018 | Dec. 30, 2017 | Sep. 30, 2017 | Jul. 01, 2017 | Apr. 01, 2017 | Dec. 31, 2016 | Oct. 01, 2016 | Jun. 30, 2018 | Jul. 01, 2017 | Jul. 02, 2016
Income Statement [Abstract] |  |  |  |  |  |  |  |  |  |  |
Sales | $ 15,315,906 | $ 14,349,504 | $ 14,411,490 | $ 14,650,424 | $ 14,421,045 | $ 13,524,172 | $ 13,457,268 | $ 13,968,654 | $ 58,727,324 | $ 55,371,139 | $ 50,366,919
Cost of sales | 12,399,197 | 11,673,876 | 11,712,104 | 11,856,756 | 11,661,455 | 10,990,037 | 10,885,405 | 11,276,735 | 47,641,933 | 44,813,632 | 41,326,447
Gross profit | 2,916,709 | 2,675,628 | 2,699,386 | 2,793,668 | 2,759,590 | 2,534,135 | 2,571,863 | 2,691,919 | 11,085,391 | 10,557,507 | 9,040,472
Operating expenses | 2,229,042 | 2,189,695 | 2,167,104 | 2,170,576 | 2,201,631 | 2,098,173 | 2,079,446 | 2,125,086 | 8,756,417 | 8,504,336 | 7,189,972
Operating income | 687,667 | 485,933 | 532,282 | 623,092 | 557,959 | 435,962 | 492,417 | 566,833 | 2,328,974 | 2,053,171 | 1,850,500
Interest expense | 92,468 | 136,145 | 85,986 | 80,884 | 76,020 | 81,004 | 72,231 | 73,623 | 395,483 | 302,878 | 306,146
Other expense (income), net | 2,043 | (15,096) | (5,432) | (4,248) | (1,586) | (4,815) | (2,320) | (7,216) | (22,733) | (15,937) | 111,347
Earnings before income taxes | 593,156 | 364,884 | 451,728 | 546,456 | 483,525 | 359,773 | 422,506 | 500,426 | 1,956,224 | 1,766,230 | 1,433,007
Income taxes | 144,228 | 34,799 | 167,615 | 178,816 | 178,354 | 121,495 | 147,339 | 176,539 | 525,458 | 623,727 | 483,385
Net earnings | $ 448,928 | $ 330,085 | $ 284,113 | $ 367,640 | $ 305,171 | $ 238,278 | $ 275,167 | $ 323,887 | $ 1,430,766 | $ 1,142,503 | $ 949,622
Net earnings: |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share (in dollars per share) | $ 0.86 | $ 0.63 | $ 0.55 | $ 0.70 | $ 0.57 | $ 0.44 | $ 0.50 | $ 0.58 | $ 2.74 | $ 2.10 | $ 1.66
Diluted earnings per share (in dollars per share) | 0.85 | 0.63 | 0.54 | 0.69 | 0.57 | 0.44 | 0.50 | 0.58 | $ 2.70 | $ 2.08 | $ 1.64
Average shares outstanding (in shares) |  |  |  |  |  |  |  |  | 522,926,914 | 543,496,816 | 573,057,406
Diluted shares outstanding (in shares) |  |  |  |  |  |  |  |  | 529,089,854 | 548,545,027 | 577,391,406
Dividends declared per common share (in dollars per share) | $ 0.36 | $ 0.36 | $ 0.36 | $ 0.33 | $ 0.33 | $ 0.33 | $ 0.33 | $ 0.31 | $ 1.41 | $ 1.3 | $ 1.23

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