v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 29, 2026
Mar. 30, 2025
Mar. 29, 2026
Mar. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 1,825,460 $ 1,330,667 $ 4,988,114 $ 3,638,129
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization     321,891 287,838
Deferred income taxes     (113,310) (211,568)
Equity-based compensation expense 96,616 87,115 282,396 249,085
Other, net     (24,706) (7,395)
Changes in operating assets and liabilities     (1,053,956) (337,013)
Net cash provided by operating activities     4,400,429 3,619,076
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures and intangible assets     (777,604) (586,995)
Other, net     (807) 8,154
Net cash used for investing activities     (778,411) (578,841)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Principal payments on debt, including finance lease obligations and payments for debt issuance costs     (754,073) (506,003)
Treasury stock purchases, including excise tax payments     (3,604,783) (2,130,044)
Dividends paid     (945,317) (854,335)
Reissuance of treasury stock related to employee stock purchase plan     67,185 60,557
Proceeds from issuance of common stock, net issuance costs     13,021 1,756
Other, net     (13,511) 963
Net cash used for financing activities     (5,237,478) (3,427,106)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash     (25,375) (960)
Net change in cash, cash equivalents, and restricted cash     (1,640,835) (387,831)
Cash, cash equivalents, and restricted cash at beginning of period [1]     6,407,656 5,850,803
Cash, cash equivalents, and restricted cash at end of period [1] 4,766,821 5,462,972 4,766,821 5,462,972
Schedule of non-cash transactions:        
Accrued payables for stock repurchases, including applicable excise tax     23,675 16,967
Accrued payables for capital expenditures     84,720 87,291
Dividends payable 325,318 295,423 325,318 295,423
Transfers of finished goods inventory to property and equipment     83,772 74,560
Reconciliation of cash, cash equivalents, and restricted cash        
Cash and cash equivalents 4,750,936 5,450,718 4,750,936 5,450,718
Restricted cash and cash equivalents [1] 15,885 12,254 15,885 12,254
Total cash, cash equivalents, and restricted cash [1] $ 4,766,821 $ 5,462,972 $ 4,766,821 $ 5,462,972
[1] Restricted cash is reported within Other assets in the Condensed Consolidated Balance Sheets