v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Jun. 29, 2024
Cash flows from operating activities:      
Net income $ 359.3 $ 340.2 $ 435.9
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation 541.9 455.3 355.2
Amortization of intangible assets 272.0 262.6 201.5
Amortization of deferred financing costs 12.5 12.6 10.5
Provision for losses on accounts receivables 22.2 22.7 19.8
Change in LIFO reserve 101.1 88.1 62.3
Stock-based compensation expense 51.5 47.8 41.9
Deferred income tax expense (benefit) 92.0 (0.2) 10.7
Loss on extinguishment of debt 2.1 0.0 0.9
Change in fair value of derivative assets and liabilities (3.7) (0.8) (4.1)
Other non-cash activities 4.6 2.5 (2.4)
Changes in operating assets and liabilities, net      
Accounts receivable (199.3) (151.9) (81.1)
Inventories (483.4) (337.9) 37.7
Income taxes receivable 26.7 (17.5) (29.9)
Prepaid expenses and other assets (19.9) 56.6 (95.8)
Trade accounts payable and outstanding checks in excess of deposits 500.3 372.7 124.0
Accrued expenses and other liabilities 133.8 57.3 75.9
Net cash provided by operating activities 1,413.7 1,210.1 1,163.0
Cash flows from investing activities:      
Purchases of property, plant and equipment (384.1) (506.0) (395.6)
Purchase of intangible assets (9.6) 0.0 0.0
Net cash paid for acquisitions (383.4) (2,596.4) (307.7)
Proceeds from sale of property, plant and equipment and other 4.6 13.4 20.6
Net cash used in investing activities (772.5) (3,089.0) (682.7)
Cash flows from financing activities:      
Net (payments) borrowings under ABL Facility (384.0) 1,194.2 6.8
Cash paid for debt issuance, extinguishment, and creditor fees for debt modification (5.7) (34.2) 0.0
Payments under finance lease obligations (241.6) (188.0) (122.2)
Net cash paid for acquisitions (10.1) (1.5) 0.0
Proceeds from employee stock purchase plan 36.9 32.7 15.5
Proceeds from exercise of stock options 6.4 11.1 2.2
Cash paid for shares withheld to cover taxes (25.2) (18.8) (21.5)
Repurchases of common stock (1.5) (57.6) (78.1)
Other financing activities 0.0 0.0 (0.3)
Net cash (used in) provided by financing activities (624.8) 1,937.9 (472.6)
Net increase in cash and restricted cash 16.4 59.0 7.7
Cash and restricted cash, beginning of period 86.7 27.7 86.7
Cash and restricted cash, end of period 103.1 86.7 27.7
Interest (net of amounts capitalized) 399.0 344.4 242.1
Income taxes (net of refunds received) 8.5 129.7 177.1
5.625% Senior Notes due 2034 [Member]      
Cash flows from financing activities:      
Borrowing of Notes due 1,060.0 0.0 0.0
6.125% Notes due 2032 [Member]      
Cash flows from financing activities:      
Borrowing of Notes due 0.0 1,000.0 0.0
5.500% Senior Notes due 2027 [Member]      
Cash flows from financing activities:      
Repayment of Notes (1,060.0) 0.0 0.0
6.875% Senior Notes due 2025 [Member]      
Cash flows from financing activities:      
Repayment of Notes $ 0.0 $ 0.0 $ (275.0)