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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2022
Jan. 01, 2022
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES    
Net income (loss) $ 525.2 $ 544.8
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 88.6 99.6
Provision for bad debt 2.8 13.5
Loss on extinguishment of debt 0.0 53.7
Share-based compensation 34.8 33.5
Acceleration Program charges 0.0 6.0
Changes to lease related balances, net (16.5) (26.3)
Deferred income taxes 32.1 5.2
Other non-cash charges, net (23.1) 17.7
Changes in operating assets and liabilities:    
Trade accounts receivable (19.5) (88.9)
Inventories 11.5 (17.4)
Accounts payable (60.2) (0.7)
Accrued liabilities (60.6) 3.4
Other liabilities (7.6) (26.4)
Other assets (45.1) 50.4
Net cash provided by (used in) operating activities 462.4 668.1
CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES    
Purchases of investments (4.3) (502.3)
Proceeds from maturities and sales of investments 151.8 118.3
Purchases of property and equipment (108.8) (71.7)
Settlement of net investment hedge 41.9 0.0
Net cash provided by (used in) investing activities 80.6 (455.7)
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES    
Payment of dividends (144.2) (137.5)
Repurchase of common stock (300.0) (750.0)
Proceeds from issuance of debt, net of discount 0.0 498.5
Payment of debt issuance costs 0.0 (4.5)
Payment of debt extinguishment costs 0.0 (50.7)
Proceeds from share-based awards 13.8 23.6
Repayment of debt (18.8) (500.0)
Taxes paid to net settle share-based awards (55.0) (31.0)
Payments of finance lease liabilities (0.5) (0.5)
Net cash provided by (used in) financing activities (504.7) (952.1)
Effect of exchange rate changes on cash and cash equivalents 2.1 (10.6)
Net (decrease) increase in cash and cash equivalents 40.4 (750.3)
Cash and cash equivalents at beginning of period 789.8 2,007.7
Cash and cash equivalents at end of period 830.2 1,257.4
Supplemental information:    
Cash paid for income taxes, net 138.3 78.6
Cash paid for interest 38.9 36.6
Noncash investing activity - property and equipment obligations $ 6.8 $ 11.2