v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 28, 2026
Jun. 28, 2025
Current Assets:    
Cash and cash equivalents $ 1,046.5 $ 1,100.0
Short-term investments 22.1 19.6
Trade accounts receivable, less allowances for credit losses of $6.2 and $5.7, respectively 305.0 239.3
Inventories 843.9 860.7
Income tax receivable 260.9 277.3
Prepaid expenses 135.2 133.8
Other current assets 103.7 98.5
Assets held for sale 0.0 176.4
Total current assets 2,717.3 2,905.6
Property and equipment, net of accumulated depreciation of $1,285.4 and $1,215.0, respectively 492.7 489.5
Operating lease right-of-use assets 1,384.8 1,331.0
Goodwill 960.4 983.3
Intangible assets 717.2 719.6
Deferred income taxes 31.8 33.8
Other assets 162.5 117.7
Total assets 6,466.7 6,580.5
Current Liabilities:    
Accounts payable 499.7 456.1
Accrued liabilities 666.0 736.9
Current portion of operating lease liabilities 310.3 299.0
Current debt 0.0 16.7
Liabilities held for sale 0.0 48.2
Total current liabilities 1,476.0 1,556.9
Long-term debt 2,377.1 2,377.9
Long-term operating lease liabilities 1,235.8 1,205.6
Deferred income taxes 204.9 79.8
Other liabilities 490.5 502.5
Total liabilities 5,784.3 5,722.7
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 1.00 billion shares; $0.01 par value per share) issued and outstanding - 202.3 million and 208.1 million shares, respectively 2.0 2.1
Additional paid-in-capital 4,085.0 3,673.7
Retained earnings (accumulated deficit) (3,174.3) (2,556.8)
Accumulated other comprehensive income (loss) (230.3) (261.2)
Total stockholders' equity 682.4 857.8
Total liabilities and stockholders' equity $ 6,466.7 $ 6,580.5