Accumulated Other Comprehensive Loss

6 Months Ended

Feb. 13, 2016

Equity [Abstract]

Accumulated Other Comprehensive Loss

Note J – 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 for the twelve week periods ended February 13, 2016 and February 14, 2015 consisted of the following:

(in thousands)	Pension Liability			Foreign Currency (3)			Net Unrealized Gain on Securities			Derivatives			Total
Balance at November 21, 2015	$	(69,561	)	$	(163,701	)	$	(88	)	$	(7,045	)	$	(240,395	)
Other comprehensive (loss) income before reclassifications		—			(67,723	)		167			(1,640	)		(69,196	)
Amounts reclassified from Accumulated other comprehensive loss (1)		1,479	(2)		—			(19	)(4)		282	(5)		1,742
Balance at February 13, 2016	$	(68,082	)	$	(231,424	)	$	60		$	(8,403	)	$	(307,849	)
(in thousands)	Pension Liability			Foreign Currency (3)			Net Unrealized Gain on Securities			Derivatives			Total
Balance at November 22, 2014	$	(62,603	)	$	(76,197	)	$	38		$	(7,389	)	$	(146,151	)
Other comprehensive loss before reclassifications		—			(40,492	)		(30	)		(186	)		(40,708	)
Amounts reclassified from Accumulated other comprehensive loss (1)		1,268	(2)		—			(20	)(4)		25	(5)		1,273
Balance at February 14, 2015	$	(61,335	)	$	(116,689	)	$	(12	)	$	(7,550	)	$	(185,586	)

(1) Amounts in parentheses indicate debits to Accumulated other comprehensive loss.

(2) Represents amortization of pension liability adjustments, net of taxes of $945 for the twelve weeks ended February 13, 2016 and $795 for the twelve weeks ended February 14, 2015, which is recorded in Operating, selling, general and administrative expenses on the Condensed Consolidated Statements of Income. See “Note G – Pension and Savings Plans” for further discussion.

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

(4) Represents realized losses on marketable securities, net of taxes of $11 for the twelve weeks ended February 13, 2016 and $11 for the twelve weeks ended February 14, 2015, which is recorded in Operating, selling, general, and administrative expenses on the Condensed Consolidated Statements of Income. See “Note D – Marketable Securities” for further discussion.

(5) Represents gains and losses on derivatives, net of taxes of $165 for the twelve weeks ended February 13, 2016 and $17 for the twelve weeks ended February 14, 2015, which is recorded in Interest expense, net, on the Condensed Consolidated Statements of Income. See “Note E – Derivative Financial Instruments” for further discussion.

Changes in Accumulated other comprehensive loss for the twenty-four week periods ended February 13, 2016 and February 14, 2015, consisted of the following:

(in thousands)	Pension Liability			Foreign Currency (3)			Net Unrealized Gain on Securities			Derivatives			Total
Balance at August 29, 2015	$	(70,795	)	$	(171,488	)	$	(26	)	$	(7,209	)	$	(249,518	)
Other comprehensive (loss) income before reclassifications		—			(59,936	)		93			(1,640	)		(61,483	)
Amounts reclassified from Accumulated other comprehensive loss (1)		2,713	(2)		—			(7	)(4)		446	(5)		3,152
Balance at February 13, 2016	$	(68,082	)	$	(231,424	)	$	60		$	(8,403	)	$	(307,849	)
(in thousands)	Pension Liability			Foreign Currency (3)			Net Unrealized Gain on Securities			Derivatives			Total
Balance at August 30, 2014	$	(63,820	)	$	(57,836	)	$	76		$	(7,323	)	$	(128,903	)
Other comprehensive loss before reclassifications		—			(58,853	)		(72	)		(277	)		(59,202	)
Amounts reclassified from Accumulated other comprehensive loss (1)		2,485	(2)		—			(16	)(4)		50	(5)		2,519
Balance at February 14, 2015	$	(61,335	)	$	(116,689	)	$	(12	)	$	(7,550	)	$	(185,586	)

(1) Amounts in parentheses indicate debits to Accumulated other comprehensive loss.

(2) Represents amortization of pension liability adjustments, net of taxes of $2,135 in fiscal 2016 and $1,642 in fiscal 2015, which is recorded in Operating, selling, general and administrative expenses on the Condensed Consolidated Statements of Income. See “Note G – Pension and Savings Plans” for further discussion.

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

(4) Represents realized losses on marketable securities, net of taxes of $4 in fiscal 2016 and $9 in fiscal 2015, which is recorded in Operating, selling, general, and administrative expenses on the Condensed Consolidated Statements of Income. See “Note D – Marketable Securities” for further discussion.

(5) Represents gains and losses on derivatives, net of taxes of $250 in fiscal 2016 and $34 is fiscal 2015, which is recorded in Interest expense, net, on the Condensed Consolidated Statements of Income. See “Note E – Derivative Financial Instruments” for further discussion.