XML 10 R2.htm IDEA: XBRL DOCUMENT v3.22.4
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Jul. 02, 2022
Current Assets:    
Cash and cash equivalents $ 830.2 $ 789.8
Short-term investments 16.0 163.4
Trade accounts receivable, less allowances for credit losses of $4.6 and $3.7, respectively 252.8 252.3
Inventories 975.8 994.2
Income tax receivable 213.3 217.2
Prepaid expenses 130.9 105.2
Other current assets 79.6 51.7
Total current assets 2,498.6 2,573.8
Property and equipment, net 571.1 544.4
Operating lease right-of-use assets 1,358.8 1,281.6
Goodwill 1,249.0 1,241.5
Intangible assets 1,363.4 1,366.6
Deferred income taxes 46.8 47.9
Other assets 170.0 209.5
Total assets 7,257.7 7,265.3
Current Liabilities:    
Accounts payable 436.7 520.7
Accrued liabilities 594.2 628.2
Current portion of operating lease liabilities 282.7 288.7
Current debt 25.0 31.2
Total current liabilities 1,338.6 1,468.8
Long-term debt 1,647.5 1,659.2
Long-term operating lease liabilities 1,348.4 1,282.3
Deferred income taxes 224.6 221.7
Long-term income taxes payable 74.1 95.3
Other liabilities 311.3 252.5
Total liabilities 4,944.5 4,979.8
See Note 14 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 - 236.0 million and 241.2 million shares, respectively 2.4 2.4
Additional paid-in-capital 3,613.8 3,620.2
Retained earnings (accumulated deficit) (1,085.2) (1,166.2)
Accumulated other comprehensive income (loss) (217.8) (170.9)
Total stockholders' equity 2,313.2 2,285.5
Total liabilities and stockholders' equity $ 7,257.7 $ 7,265.3