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Accumulated Other Comprehensive Loss (Tables)
3 Months Ended
Nov. 18, 2017
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Loss

Changes in Accumulated other comprehensive loss for the twelve week periods ended November 18, 2017 and November 19, 2016 consisted of the following:

 

(in thousands)

   Pension
Liability
    Foreign
Currency (3)
    Net
Unrealized
Gain on
Securities
    Derivatives     Total  

Balance at August 26, 2017

   $ (72,376   $ (175,814   $ (11   $ (6,356   $ (254,557

Other comprehensive (loss) before reclassifications(1)

     —         (43,217     (314     —         (43,531

Amounts reclassified from Accumulated other comprehensive loss(1)

             1,316 (2)                  —         (2) (4)      323 (5)              1,637  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at November 18, 2017

   $ (71,060   $ (219,031   $ (327   $ (6,033   $ (296,451
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

(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
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) Amounts in parentheses indicate debits to Accumulated other comprehensive loss.
(2) Represents amortization of pension liability adjustments, net of taxes of $1,161 in fiscal 2018 and $1,385 in fiscal 2017, 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 $1 in fiscal 2018 and $3 in fiscal 2017, 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 $186 in fiscal 2018 and $179 in fiscal 2017, which is recorded in Interest expense, net, on the Condensed Consolidated Statements of Income. See “Note E – Derivative Financial Instruments” for further discussion.