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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 27, 2021
Jun. 27, 2020
Current Assets:    
Cash and cash equivalents $ 1,651.7 $ 1,426.3
Short-term investments 7.5 8.1
Trade accounts receivable, less allowances for credit losses of $3.6 and $15.9, respectively 240.6 193.3
Inventories 700.3 736.9
Prepaid expenses 65.0 57.5
Income tax receivable 152.9 46.0
Other current assets 78.6 85.0
Total current assets 2,896.6 2,553.1
Property and equipment, net 673.8 775.2
Operating lease right-of-use assets 1,555.2 1,757.0
Goodwill 1,300.2 1,301.1
Intangible assets 1,374.7 1,379.4
Deferred income taxes 58.8 55.9
Other assets 106.7 102.5
Total assets 7,966.0 7,924.2
Current Liabilities:    
Accounts payable 409.5 130.8
Accrued liabilities 508.1 410.5
Current portion of operating lease liabilities 354.6 388.8
Accrued income taxes 18.9 100.5
Current debt 0.0 711.5
Total current liabilities 1,291.1 1,742.1
Long-term debt 1,590.0 1,587.9
Long-term operating lease liabilities 1,576.3 1,799.8
Deferred income taxes 118.0 155.1
Long-term income taxes payable 131.3 144.0
Other liabilities 244.3 218.9
Total liabilities 4,951.0 5,647.8
See Note 16 on commitments and contingencies
Stockholders' Equity:    
Preferred stock: (authorized 25.0 million shares; $0.01 par value per share) none issued 0.0 0.0
Common stock: (authorized 1.0 billion shares; $0.01 par value per share) issued and outstanding - 278.8 million and 276.2 million shares, respectively 2.8 2.8
Additional paid-in-capital 3,442.3 3,358.5
Retained earnings (accumulated deficit) (358.3) (992.7)
Accumulated other comprehensive income (loss) (71.8) (92.2)
Total stockholders' equity 3,015.0 2,276.4
Total liabilities and stockholders' equity $ 7,966.0 $ 7,924.2