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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Apr. 01, 2023
Apr. 02, 2022
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES    
Net income (loss) $ 711.9 $ 667.5
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 130.5 148.1
Provision for bad debt 5.8 18.6
Loss on extinguishment of debt 0.0 53.7
Share-based compensation 55.7 53.1
Acceleration Program charges 0.0 9.4
Changes to lease related balances, net (26.1) (42.0)
Deferred income taxes 31.6 5.2
Other non-cash charges, net (21.3) 27.2
Changes in operating assets and liabilities:    
Trade accounts receivable (7.6) (59.5)
Inventories 53.8 (192.2)
Accounts payable (166.7) 23.1
Accrued liabilities (161.2) (110.6)
Other liabilities (45.0) (47.5)
Other assets 13.4 62.3
Net cash provided by (used in) operating activities 574.8 616.4
CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES    
Purchases of investments (6.3) (523.4)
Proceeds from maturities and sales of investments 154.6 261.0
Purchases of property and equipment (149.6) (75.1)
Settlement of net investment hedge 41.9 0.0
Net cash provided by (used in) investing activities 40.6 (337.5)
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES    
Payment of dividends (214.2) (202.8)
Repurchase of common stock (502.0) (1,249.8)
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 28.6 72.2
Repayment of debt (25.0) (500.0)
Taxes paid to net settle share-based awards (55.3) (30.5)
Payments of finance lease liabilities (0.8) (0.7)
Net cash provided by (used in) financing activities (768.7) (1,468.3)
Effect of exchange rate changes on cash and cash equivalents 0.7 (12.3)
Net (decrease) increase in cash and cash equivalents (152.6) (1,201.7)
Cash and cash equivalents at beginning of period 789.8 2,007.7
Cash and cash equivalents at end of period 637.2 806.0
Supplemental information:    
Cash paid for income taxes, net 191.1 130.8
Cash paid for interest 64.7 62.1
Noncash investing activity - property and equipment obligations $ 7.8 $ 7.7