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Accumulated Other Comprehensive Income
 12 Months Ended
Jun. 28, 2014
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
The components of accumulated other comprehensive income are:
In millions
Translation Adjustments
 
Net Unrealized Gain (Loss) on Qualifying Cash Flow Hedges
 
Pension/ Postretirement Activity
 
Total
Balance at July 2, 2011
219

 
6

 
(490
)
 
(265
)
Other comprehensive income (loss) before reclassifications
—

 
5

 
(111
)
 
(106
)
Amounts reclassified from accumulated other comprehensive income
 
 
 
 
 
 
 
Prior-service cost
—

 
—

 
11

(b)
11

Net actuarial gain
—

 
—

 
(15
)
(b)
(15
)
Pension plan curtailments/settlements
—

 
—

 
38

(b)
38

Gain realized from derivatives
—

 
(1
)
(a)
—

 
(1
)
Business dispositions
127

(f)
—

 
—

 
127

Other comprehensive income (loss) activity
(133
)
 
(2
)
 
30

(b)
(105
)
Tax expense (benefit)
(17
)
(c)
—

(c)
26

(c)
9

Net current-period other comprehensive income (loss)
(23
)
 
2

 
(21
)
 
(42
)
Spin-off of International Coffee and Tea business
(180
)
(e)
—

 
343

 
163

Balance at June 30, 2012
16

 
8

 
(168
)
 
(144
)
Other comprehensive income before reclassifications
—

 
6

 
41

 
47

Amounts reclassified from accumulated other comprehensive income
 
 
 
 
 
 
 
Prior-service benefit
—

 
—

 
(8
)
(b)
(8
)
Net actuarial loss
—

 
—

 
5

(b)
5

Pension plan curtailments/settlements
—

 
—

 
2

(b)
2

Gain realized from derivatives
—

 
(18
)
(a)
—

 
(18
)
Business dispositions
(15
)
(d)
—

 
—

 
(15
)
Tax expense (benefit)
(6
)
(c)
4

(c)
(14
)
(c)
(16
)
Net current-period other comprehensive income (loss)
(21
)
 
(8
)
 
26

 
(3
)
Spin-off of International Coffee and Tea business
6

(e)
—

 
—

 
6

Balance at June 29, 2013
1

 
—

 
(142
)
 
(141
)
Other comprehensive loss before reclassifications
(1
)
 
(1
)
 
(12
)
 
(14
)
Amounts reclassified from accumulated other comprehensive income
 
 
 
 
 
 
 
Prior-service benefit
—

 
—

 
(7
)
(b)
(7
)
Net actuarial loss
—

 
—

 
6

(b)
6

Loss realized from derivatives
—

 
2

(a)
—

 
2

Tax expense
—

 
—

(c)
5

(c)
5

Net current-period other comprehensive income (loss)
(1
)
 
1

 
(8
)
 
(8
)
Balance at June 28, 2014
—

 
1

 
(150
)
 
(149
)


(a) Included as Cost of sales in the Consolidated Statements of Income
(b) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 16 - Defined Benefit Pension Plans and Note 17 - Postretirement Health-care and Life-Insurance Plans for additional details)
(c) Included as Income tax expense (benefit) in the Consolidated Statements of Income
(d) Included in Gain on sale of discontinued operations in the Consolidated Statements of Income related to the sale of the Australian Bakery business
(e) Recorded as part of spin-off of International coffee and tea business within retained earnings
(f) Included in Gain on sale of discontinued operations in the Consolidated Statements of Income