Quarterly Results (Unaudited) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
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Jun. 30, 2012
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Mar. 31, 2012
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Dec. 31, 2011
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Oct. 01, 2011
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Jul. 02, 2011
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Apr. 02, 2011
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Jan. 01, 2011
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Oct. 02, 2010
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Jun. 30, 2012
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Jul. 02, 2011
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Jul. 03, 2010
|
|
Sales | $ 11,045,382 | $ 10,504,746 | $ 10,244,421 | $ 10,586,390 | $ 10,425,703 | $ 9,761,660 | $ 9,384,852 | $ 9,751,274 | $ 42,380,939 | $ 39,323,489 | $ 37,243,495 |
Cost of sales | 9,033,671 | 8,633,130 | 8,398,771 | 8,638,790 | 8,471,311 | 7,929,111 | 7,623,185 | 7,905,170 | 34,704,362 | 31,928,777 | 30,055,188 |
Gross profit | 2,011,711 | 1,871,616 | 1,845,650 | 1,947,600 | 1,954,392 | 1,832,549 | 1,761,667 | 1,846,104 | 7,676,577 | 7,394,712 | 7,188,307 |
Operating expenses | 1,496,247 | 1,432,786 | 1,418,652 | 1,438,260 | 1,393,642 | 1,405,062 | 1,324,642 | 1,339,864 | 5,785,945 | 5,463,210 | 5,212,439 |
Operating income | 515,464 | 438,830 | 426,998 | 509,340 | 560,750 | 427,487 | 437,025 | 506,240 | 1,890,632 | 1,931,502 | 1,975,868 |
Interest expense | 27,308 | 28,290 | 28,324 | 29,474 | 30,134 | 28,972 | 28,060 | 31,101 | 113,396 | 118,267 | 125,477 |
Other expense (income), net | (1,296) | (2,248) | (3,472) | 250 | (4,278) | (6,957) | (1,300) | (1,684) | (6,766) | (14,219) | 802 |
Earnings before income taxes | 489,452 | 412,788 | 402,146 | 479,616 | 534,894 | 405,472 | 410,265 | 476,823 | 1,784,002 | 1,827,454 | 1,849,589 |
Income taxes | 180,183 | 153,238 | 152,033 | 176,963 | 198,584 | 146,994 | 152,092 | 177,754 | 662,417 | 675,424 | 669,606 |
Net earnings | $ 309,269 | $ 259,550 | $ 250,113 | $ 302,653 | $ 336,310 | $ 258,478 | $ 258,173 | $ 299,069 | $ 1,121,585 | $ 1,152,030 | $ 1,179,983 |
Basic net earnings (in USD per share) | $ 0.53 | $ 0.44 | $ 0.43 | $ 0.51 | $ 0.57 | $ 0.44 | $ 0.44 | $ 0.51 | $ 1.91 | $ 1.96 | $ 1.99 |
Diluted net earnings (in USD per share) | $ 0.53 | $ 0.44 | $ 0.43 | $ 0.51 | $ 0.57 | $ 0.44 | $ 0.44 | $ 0.51 | $ 1.90 | $ 1.96 | $ 1.99 |
Dividends declared per common share (in USD per share) | $ 0.27 | $ 0.27 | $ 0.27 | $ 0.26 | $ 0.26 | $ 0.26 | $ 0.26 | $ 0.25 | $ 1.07 | $ 1.03 | $ 0.99 |
Percentage change in sales | 6.00% | 8.00% | 9.00% | 9.00% | 8.00% | ||||||
Percentage change in operating income | (8.00%) | 3.00% | (2.00%) | 1.00% | (2.00%) | ||||||
Percentage change in net earnings | (8.00%) | 0.00% | (3.00%) | 1.00% | (3.00%) | ||||||
Percentage change in basic net earnings per share | (7.00%) | 0.00% | (2.00%) | 0.00% | (3.00%) | ||||||
Percentage change in diluted net earnings per share | (7.00%) | 0.00% | (2.00%) | 0.00% | (3.00%) | ||||||
Maximum [Member]
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Market price (in USD per share) | $ 30 | $ 31 | $ 30 | $ 32 | $ 33 | $ 31 | $ 30 | $ 32 | $ 32 | $ 33 | |
Minimum [Member]
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Market price (in USD per share) | $ 27 | $ 29 | $ 25 | $ 25 | $ 28 | $ 27 | $ 28 | $ 27 | $ 25 | $ 27 |