Accumulated Other Comprehensive Loss

3 Months Ended

Nov. 19, 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 November 19, 2016 and November 21, 2015 consisted of the following:

(in thousands)	Pension Liability			Foreign Currency (3)			Net Unrealized Gain on Securities			Derivatives			Total
Balance at August 27, 2016	$	(88,890	)	$	(211,012	)	$	120		$	(7,747	)	$	(307,529	)
Other comprehensive (loss) before reclassifications (1)		—			(40,591	)		(235	)		—			(40,826	)
Amounts reclassified from Accumulated other comprehensive loss (1)		1,816	(2)		—			6	(4)		330	(5)		2,152
Balance at November 19, 2016	$	(87,074	)	$	(251,603	)	$	(109	)	$	(7,417	)	$	(346,203	)

(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 income (loss) before reclassifications (1)		—			7,787			(75	)		—			7,712
Amounts reclassified from Accumulated other comprehensive loss (1)		1,234	(2)		—			13	(4)		164	(5)		1,411
Balance at November 21, 2015	$	(69,561	)	$	(163,701	)	$	(88	)	$	(7,045	)	$	(240,395	)

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

(2) Represents amortization of pension liability adjustments, net of taxes of $1,385 in fiscal 2017 and $1,190 in fiscal 2016, 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 $3 in fiscal 2017 and $7 in fiscal 2016, 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 $179 in fiscal 2017 and $85 is fiscal 2016, which is recorded in Interest expense, net, on the Condensed Consolidated Statements of Income. See “Note E – Derivative Financial Instruments” for further discussion.