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Comprehensive Income (Tables)
12 Months Ended
Jun. 30, 2012
Comprehensive Income [Abstract]  
Summary of components of other comprehensive (loss) income and related tax effects

 

 

 

 

 

2012

 

 

 

 

 

Before Tax Amount

 

Tax

 

Net of Tax Amount

 

 

 

 

 

(In thousands)

Foreign currency translation adjustment

 

 

 

 

$

 (81,003)

 

$

 -

 

$

 (81,003)

Amortization of cash flow hedges

 

 

 

 

 

 692

 

 

 266

 

 

 426

Settlement of cash flow hedge

 

 

 

 

 

 722

 

 

 277

 

 

 445

Amortization of prior service cost

 

 

 

 

 

 5,021

 

 

 1,928

 

 

 3,093

Amortization of actuarial loss (gain), net

 

 

 

 

 

 59,835

 

 

 22,975

 

 

 36,860

Amortization of transition obligation

 

 

 

 

 

 153

 

 

 60

 

 

 93

Prior service cost arising in current year

 

 

 

 

 

 (8,706)

 

 

 (3,343)

 

 

 (5,363)

Actuarial (loss) gain, net arising in current year

 

 

 

 

 

 (580,291)

 

 

 (222,832)

 

 

 (357,459)

Total other comprehensive (loss) income

 

 

 

 

$

 (603,577)

 

$

 (200,669)

 

$

 (402,908)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2011

 

 

 

 

 

Before Tax Amount

 

Tax

 

Net of Tax Amount

 

 

 

 

 

(In thousands)

Foreign currency translation adjustment

 

 

 

 

$

 122,217

 

$

 -

 

$

 122,217

Amortization of cash flow hedge

 

 

 

 

 

 696

 

 

 268

 

 

 428

Amortization of prior service cost

 

 

 

 

 

 4,145

 

 

 1,592

 

 

 2,553

Amortization of actuarial loss (gain), net

 

 

 

 

 

 79,564

 

 

 30,551

 

 

 49,013

Amortization of transition obligation

 

 

 

 

 

 153

 

 

 60

 

 

 93

Prior service cost arising in current year

 

 

 

 

 

 (9,239)

 

 

 (3,547)

 

 

 (5,692)

Actuarial (loss) gain, net arising in current year

 

 

 

 

 

 83,898

 

 

 32,217

 

 

 51,681

Total other comprehensive (loss) income

 

 

 

 

$

 281,434

 

$

 61,141

 

$

 220,293

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2010

 

 

 

 

 

(53 Weeks)

 

 

 

 

 

Before Tax Amount

 

Tax

 

Net of Tax Amount

 

 

 

 

 

(In thousands)

Foreign currency translation adjustment

 

 

 

 

$

 49,973

 

$

 -

 

$

 49,973

Amortization of cash flow hedge

 

 

 

 

 

 695

 

 

 267

 

 

 428

Amortization of prior service cost

 

 

 

 

 

 4,394

 

 

 1,687

 

 

 2,707

Amortization of actuarial loss (gain), net

 

 

 

 

 

 40,037

 

 

 15,373

 

 

 24,664

Amortization of transition obligation

 

 

 

 

 

 153

 

 

 60

 

 

 93

Actuarial (loss) gain, net arising in current year

 

 

 

 

 

 (454,756)

 

 

 (174,626)

 

 

 (280,130)

Total other comprehensive (loss) income

 

 

 

 

$

 (359,504)

 

$

 (157,239)

 

$

 (202,265)

Rollforward of accumulated other comprehensive (loss) income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension and Other Postretirement Benefit Plans, net of tax

 

Foreign Currency Translation

 

Interest Rate Swap, net of tax

 

Total

 

 

(In thousands)

Balance as of June 27, 2009

 

$

 (346,107)

 

$

 79,562

 

$

 (11,441)

 

$

 (277,986)

Foreign currency translation adjustment

 

 

 -

 

 

 49,973

 

 

 -

 

 

 49,973

Amortization of cash flow hedge

 

 

 -

 

 

 -

 

 

 428

 

 

 428

Amortization of prior service cost

 

 

 2,707

 

 

 -

 

 

 -

 

 

 2,707

Amortization of actuarial loss (gain), net

 

 

 24,664

 

 

 -

 

 

 -

 

 

 24,664

Amortization of transition obligation

 

 

 93

 

 

 -

 

 

 -

 

 

 93

Actuarial (loss) gain, net, arising in current year

 

 

 (280,130)

 

 

 -

 

 

 -

 

 

 (280,130)

Balance as of July 3, 2010

 

 

 (598,773)

 

 

 129,535

 

 

 (11,013)

 

 

 (480,251)

Foreign currency translation adjustment

 

 

 -

 

 

 122,217

 

 

 -

 

 

 122,217

Amortization of cash flow hedge

 

 

 -

 

 

 -

 

 

 428

 

 

 428

Amortization of prior service cost

 

 

 2,553

 

 

 -

 

 

 -

 

 

 2,553

Amortization of actuarial loss (gain), net

 

 

 49,013

 

 

 -

 

 

 -

 

 

 49,013

Amortization of transition obligation

 

 

 93

 

 

 -

 

 

 -

 

 

 93

Prior service cost arising in current year

 

 

 (5,692)

 

 

 -

 

 

 -

 

 

 (5,692)

Actuarial (loss) gain, net, arising in current year

 

 

 51,681

 

 

 -

 

 

 -

 

 

 51,681

Balance as of July 2, 2011

 

 

 (501,125)

 

 

 251,752

 

 

 (10,585)

 

 

 (259,958)

Foreign currency translation adjustment

 

 

 -

 

 

 (81,003)

 

 

 -

 

 

 (81,003)

Amortization of cash flow hedges

 

 

 -

 

 

 -

 

 

 426

 

 

 426

Settlement of cash flow hedge

 

 

 -

 

 

 -

 

 

 445

 

 

 445

Amortization of prior service cost

 

 

 3,093

 

 

 -

 

 

 -

 

 

 3,093

Amortization of actuarial loss (gain), net

 

 

 36,860

 

 

 -

 

 

 -

 

 

 36,860

Amortization of transition obligation

 

 

 93

 

 

 -

 

 

 -

 

 

 93

Prior service cost arising in current year

 

 

 (5,363)

 

 

 -

 

 

 -

 

 

 (5,363)

Actuarial (loss) gain, net, arising in current year

 

 

 (357,459)

 

 

 -

 

 

 -

 

 

 (357,459)

Balance as of June 30, 2012

 

$

 (823,901)

 

$

 170,749

 

$

 (9,714)

 

$

 (662,866)