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Income Taxes (Tables)
 11 Months Ended
Dec. 29, 2013
Income Tax Disclosure [Abstract]  
Income Tax Expense Benefit Continuing Operations
The following table summarizes the provision/(benefit) for U.S. federal, state and foreign taxes on income from continuing operations.
 
Successor
 
Predecessor
 
February 8 - December 29, 2013

April 29 - June 7, 2013

April 28,
2013
FY 2013

April 29,
2012
FY 2012

April 27,
2011
FY 2011
 
(In thousands)
Current:
 
 
 
 
 

 
 

 
 

U.S. federal
$
10,200

 
$
55,197

 
$
126,878

 
$
112,064

 
$
41,673

State
1,798

 
8,409

 
14,622

 
12,326

 
14,992

Foreign
54,382

 
17,983

 
187,363

 
216,076

 
161,355

 
66,380

 
81,589

 
328,863

 
340,466

 
218,020

Deferred:
 
 
 
 
 

 
 

 
 

U.S. federal
(124,798
)
 
(13,346
)
 
(13,589
)
 
(16,884
)
 
122,757

State
4,755

 
(469
)
 
894

 
4,124

 
(4,402
)
Foreign
(177,960
)
 
(6,677
)
 
(74,570
)
 
(82,740
)
 
34,442

 
(298,003
)
 
(20,492
)
 
(87,265
)
 
(95,500
)
 
152,797

Provision for income taxes
$
(231,623
)
 
$
61,097

 
$
241,598

 
$
244,966

 
$
370,817
Components of Income From Continuing Operations Before Income Taxes
The components of income (loss) from continuing operations before income taxes consist of the following:
 
Successor
 
Predecessor
 
February 8 - December 29, 2013
 
April 29 - June 7, 2013

April 28,
2013
FY 2013

April 29,
2012
FY 2012

April 27,
2011
FY 2011
 
(In thousands)
Domestic
$
(290,579
)
 
$
(191,629
)
 
$
378,283

 
$
315,741

 
$
470,646

Foreign
(7,126
)
 
61,302

 
965,360

 
920,348

 
945,676

Income (loss) from continuing operations
$
(297,705
)
 
$
(130,327
)
 
$
1,343,643

 
$
1,236,089

 
$
1,416,322
U S Federal Statuatory Tax Rate Reconciliation To Effective Tax Rate
The differences between the U.S. federal statutory tax rate and the Company’s consolidated effective tax rate on continuing operations are as follows:
 
Successor
 
Predecessor
 
February 8 - December 29, 2013

April 29 - June 7, 2013
 
April 28,
2013
FY 2013
 
April 29,
2012
FY 2012
 
April 27,
2011
FY 2011
U.S. federal statutory tax rate
35.0
 %
 
35.0
 %
 
35.0
 %
 
35.0
 %
 
35.0
 %
Tax on income of foreign subsidiaries
6.9

 
6.0

 
(5.5
)
 
(6.2
)
 
(3.9
)
Changes in valuation allowances
(2.7
)
 
1.6

 
0.9

 
1.5

 
(0.8
)
State income taxes
(4.3
)
 
(0.5
)
 
0.3

 
0.8

 
1.0

Nondeductible deal costs
(2.0
)
 
(18.8
)
 
—

 
—

 
—

Earnings repatriation
(1.0
)
 
(77.2
)
 
0.9

 
2.0

 
2.9

Tax exempt income
13.3

 
9.7

 
(6.6
)
 
(7.3
)
 
(5.7
)
Effects of revaluation of tax basis of foreign assets
—

 
0.4

 
(6.2
)
 
(3.2
)
 
(1.6
)
Reduction of manufacturing deduction for loss carryback
(3.7
)
 
—

 
—

 
—

 
—

Deferred tax effect of foreign statutory tax rate changes
35.9

 
0.3

 
(0.7
)
 
(1.1
)
 
(0.5
)
Audit settlements and changes in uncertain tax positions
(0.4
)
 
(3.6
)
 
(0.3
)
 
(2.0
)
 
—

Other
0.8

 
0.2

 
0.2

 
0.3

 
(0.2
)
Effective tax rate
77.8
 %
 
(46.9
)%
 
18.0
 %
 
19.8
 %
 
26.2
 %
Deferred Tax Assets And Liabilities
The following table and note summarize deferred tax (assets) and deferred tax liabilities as of December 29, 2013, April 28, 2013 and April 29, 2012.
 
Successor
 
Predecessor
 
December 29, 2013

April 28, 2013

April 29, 2012
 
(In thousands)
Depreciation/amortization
$
775,441

 
$
394,361

 
$
469,963

Benefit plans
81,213

 
41,354

 
59,647

Deferred income
259,238

 
95,911

 
90,006

Financing costs
—

 
117,161

 
117,670

Indefinite lived intangible assets
3,691,087

 
438,647

 
441,024

Unremitted earnings of foreign subsidiaries
344,883

 
1,571

 
6,466

Other
57,973

 
46,510

 
48,371

Deferred tax liabilities
5,209,835

 
1,135,515

 
1,233,147

Operating loss carryforwards/carrybacks
(365,595
)
 
(90,790
)
 
(141,358
)
Benefit plans
(87,157
)
 
(211,658
)
 
(195,697
)
Depreciation/amortization
(358,098
)
 
(158,194
)
 
(147,745
)
Tax credit carryforwards
(71,369
)
 
(111,431
)
 
(81,703
)
Deferred income
(93,244
)
 
(18,596
)
 
(20,286
)
Other
(129,670
)
 
(97,894
)
 
(96,502
)
Deferred tax assets
(1,105,133
)
 
(688,563
)
 
(683,291
)
Valuation allowance
78,205

 
46,069

 
90,553

Net deferred tax liabilities
$
4,182,907

 
$
493,021

 
$
640,409
Schedule of Unrecognized Tax Benefits Roll Forward
A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:
 
Successor
 
Predecessor
 
February 8 - December 29, 2013
 
April 29 - June 7, 2013
 
April 28, 2013
 
April 29, 2012
 
April 27, 2011
 
(In millions)
Balance at the beginning of the period
$
50.7

 
$
45.4

 
$
52.7

 
$
70.7

 
$
57.1

Increases for tax positions of prior years
0.5

 
5.8

 
1.9

 
5.2

 
13.5

Decreases for tax positions of prior years
(6.9
)
 
(0.9
)
 
(8.6
)
 
(18.0
)
 
(26.0
)
Increases based on tax positions related to the current year
4.6

 
1.7

 
13.9

 
3.7

 
10.8

Increases due to business combinations
4.4

 
—

 
—

 
—

 
26.9

Decreases due to settlements with taxing authorities
—

 
—

 
(4.1
)
 
(2.2
)
 
(5.4
)
Decreases due to lapse of statute of limitations
(0.2
)
 
(1.3
)
 
(10.4
)
 
(6.7
)
 
(6.2
)
Balance at the end of the period
$
53.1

 
$
50.7

 
$
45.4

 
$
52.7

 
$
70.7