Shareholders' Equity

12 Months Ended

Jun. 29, 2013

Equity [Abstract]

Share Repurchase Program [Text Block]

Shareholders' equity

Accumulated comprehensive income (loss)

The following table illustrates the accumulated balances of comprehensive income (loss) items at June 29, 2013, June 30, 2012, and July 2, 2011:

	June 29, 2013			June 30, 2012			July 2, 2011
	(Thousands)
Accumulated translation adjustments, net	$	135,395		$	90,798		$	461,213
Accumulated pension liability adjustments, net of income taxes	(106,500		)	(136,630		)	(84,002		)
Total	$	28,895		$	(45,832	)	$	377,211

Share repurchase program

In August 2012, the Company's Board of Directors amended the Company's existing share repurchase program to authorize the repurchase of up to $750,000,000 of common stock in the open market or through privately negotiated transactions. The timing and actual number of shares purchased will depend on a variety of factors such as price, corporate and regulatory requirements, and prevailing market conditions. During fiscal 2013, the Company repurchased 6,620,000 shares under this program at an average market price of $30.15 per share for a total cost of $199,585,000. This amount differs from the cash used for repurchases of common stock on the consolidated statement of cash flows to the extent repurchases at the end of the fourth quarter of fiscal 2012 were not settled until the first quarter of fiscal 2013. Repurchased shares were retired. Since the beginning of the repurchase program through the end of fiscal 2013, the Company has repurchased 17,890,000 shares of stock at an aggregate cost of $525,525,000, and $224,475,000 remains available for future purchases under the share repurchase program.