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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 01, 2023
Jul. 02, 2022
Current Assets:    
Cash and cash equivalents $ 637.2 $ 789.8
Short-term investments 14.6 163.4
Trade accounts receivable, less allowances for credit losses of $6.2 and $3.7, respectively 240.8 252.3
Inventories 934.1 994.2
Income tax receivable 203.0 217.2
Prepaid expenses 120.2 105.2
Other current assets 69.0 51.7
Total current assets 2,218.9 2,573.8
Property and equipment, net 578.2 544.4
Operating lease right-of-use assets 1,363.8 1,281.6
Goodwill 1,245.3 1,241.5
Intangible assets 1,361.8 1,366.6
Deferred income taxes 45.0 47.9
Other assets 171.4 209.5
Total assets 6,984.4 7,265.3
Current Liabilities:    
Accounts payable 331.0 520.7
Accrued liabilities 495.4 628.2
Current portion of operating lease liabilities 294.7 288.7
Current debt 25.0 31.2
Total current liabilities 1,146.1 1,468.8
Long-term debt 1,641.6 1,659.2
Long-term operating lease liabilities 1,332.0 1,282.3
Deferred income taxes 219.8 221.7
Long-term income taxes payable 63.5 95.3
Other liabilities 318.0 252.5
Total liabilities 4,721.0 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 - 231.8 million and 241.2 million shares, respectively 2.3 2.4
Additional paid-in-capital 3,649.2 3,620.2
Retained earnings (accumulated deficit) (1,170.5) (1,166.2)
Accumulated other comprehensive income (loss) (217.6) (170.9)
Total stockholders' equity 2,263.4 2,285.5
Total liabilities and stockholders' equity $ 6,984.4 $ 7,265.3