v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 27, 2026
Jun. 28, 2025
Current Assets:    
Cash and cash equivalents $ 974.7 $ 1,100.0
Short-term investments 177.3 19.6
Trade accounts receivable, less allowances for credit losses of $6.1 and $5.7, respectively 237.1 239.3
Inventories 826.2 860.7
Income tax receivable 269.3 277.3
Prepaid expenses 155.2 133.8
Other current assets 242.5 98.5
Assets held for sale 0.0 176.4
Total current assets 2,882.3 2,905.6
Property and equipment, net of accumulated depreciation of $1,264.2 and $1,215.0, respectively 502.1 489.5
Operating lease right-of-use assets 1,417.2 1,331.0
Goodwill 957.7 983.3
Intangible assets 716.5 719.6
Deferred income taxes 35.7 33.8
Other assets 180.2 117.7
Total assets 6,691.7 6,580.5
Current Liabilities:    
Accounts payable 582.3 456.1
Accrued liabilities 754.9 736.9
Current portion of operating lease liabilities 307.8 299.0
Current debt 0.0 16.7
Liabilities held for sale 0.0 48.2
Total current liabilities 1,645.0 1,556.9
Long-term debt 2,379.0 2,377.9
Long-term operating lease liabilities 1,266.2 1,205.6
Deferred income taxes 172.8 79.8
Other liabilities 536.6 502.5
Total liabilities 5,999.6 5,722.7
See Note 13 on commitments and contingencies
Stockholders’ Equity:    
Preferred stock: (authorized 25.0 million shares; $0.01 par value) none issued 0.0 0.0
Common stock: (authorized 1.00 billion shares; $0.01 par value) issued and outstanding – 200.4 million and 208.1 million shares, respectively 2.0 2.1
Additional paid-in-capital 4,118.4 3,673.7
Retained earnings (accumulated deficit) (3,209.7) (2,556.8)
Accumulated other comprehensive income (loss) (218.6) (261.2)
Total stockholders’ equity 692.1 857.8
Total liabilities and stockholders’ equity $ 6,691.7 $ 6,580.5