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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 30, 2023
Jul. 01, 2023
Current Assets:    
Cash and cash equivalents $ 6,833.1 $ 726.1
Short-term investments 629.2 15.4
Trade accounts receivable, less allowances for credit losses of $5.9 and $5.8, respectively 245.6 211.5
Inventories 824.9 919.5
Income tax receivable 241.6 231.1
Prepaid expenses 140.9 126.3
Other current assets 127.2 133.6
Total current assets 9,042.5 2,363.5
Property and equipment, net 539.2 564.5
Operating lease right-of-use assets 1,371.0 1,378.7
Goodwill 1,233.2 1,227.5
Intangible assets 1,356.9 1,360.1
Deferred income taxes 40.3 40.4
Other assets 232.3 182.1
Total assets 13,815.4 7,116.8
Current Liabilities:    
Accounts payable 462.9 416.9
Accrued liabilities 654.1 547.1
Current portion of operating lease liabilities 305.6 297.5
Current debt 25.0 25.0
Total current liabilities 1,447.6 1,286.5
Long-term debt 7,714.4 1,635.8
Long-term operating lease liabilities 1,294.7 1,333.7
Deferred income taxes 307.6 240.0
Long-term income taxes payable 21.7 43.5
Other liabilities 369.6 299.5
Total liabilities 11,155.6 4,839.0
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 - 229.4 million and 227.4 million shares, respectively 2.3 2.3
Additional paid-in-capital 3,695.8 3,682.2
Retained earnings (accumulated deficit) (859.9) (1,216.8)
Accumulated other comprehensive income (loss) (178.4) (189.9)
Total stockholders' equity 2,659.8 2,277.8
Total liabilities and stockholders' equity $ 13,815.4 $ 7,116.8