Accumulated Other Comprehensive Loss

12 Months Ended

Aug. 25, 2012

Accumulated Other Comprehensive Loss

Note G – Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss includes certain adjustments to pension liabilities, foreign currency translation adjustments, certain activity for interest rate swaps and treasury rate locks that qualify as cash flow hedges and unrealized gains (losses) on available-for-sale securities. Changes in Accumulated other comprehensive loss consisted of the following:

(in thousands)	Pension Liability		Foreign Currency (1)			Net Unrealized Gain on Securities			Derivatives		Total
Balance at August 28, 2010	$	59,359	$	44,748		$	(650	)	$	3,011	$	106,468
Fiscal 2011 activity		17,346		(8,347	)		171			4,053		13,223
Balance at August 27, 2011		76,705		36,401			(479	)		7,064		119,691
Fiscal 2012 activity		17,262		13,866			128			1,066		32,322
Balance at August 25, 2012	$	93,967	$	50,267		$	(351	)	$	8,130	$	152,013

(1) Foreign currency is not shown net of deferred tax as earnings of non-U.S. subsidiaries are intended to be permanently reinvested.

During fiscal 2012, the Company was party to four treasury rate locks. Two of the treasury rate locks were settled during third quarter of fiscal 2012, resulting in a loss of $2.8 million. The remaining two treasury rate locks are outstanding as of August 25, 2012, and have a liability balance of $4.9 million at the balance sheet date. The net losses on the four treasury rate locks are partially offset by net losses from prior derivatives being amortized into Interest expense of $1.9 million. The net derivative activity in fiscal 2011 reflects net losses on three forward starting swaps, resulting in a loss of $5.4 million, offset by net losses from prior derivatives being amortized into Interest expense of $1.4 million.