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Comprehensive Income (Tables)
6 Months Ended
Dec. 28, 2013
Comprehensive Income [Abstract]  
Summary of components of other comprehensive (loss) income and related tax effects

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13-Week Period Ended Dec. 28, 2013

   

Location of Expense
(Income) Recognized
in Net Earnings

Before Tax
Amount

 

Tax

 

Net of Tax
Amount

 

 

(In thousands)

Pension and other postretirement benefit plans:

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

Amortization of prior service cost

Operating expenses

$

2,828 

 

$

1,085 

 

$

1,743 

Amortization of actuarial loss (gain), net

Operating expenses

 

4,046 

 

 

1,554 

 

 

2,492 

Total reclassification adjustments

 

 

6,874 

 

 

2,639 

 

 

4,235 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation:

 

 

 

 

 

 

 

 

 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

N/A

 

(38,947)

 

 

 -

 

 

(38,947)

 

 

 

 

 

 

 

 

 

 

Interest rate swaps:

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

Amortization of cash flow hedges

Interest expense

 

156 

 

 

60 

 

 

96 

Total other comprehensive (loss) income

 

$

(31,917)

 

$

2,699 

 

$

(34,616)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13-Week Period Ended Dec. 29, 2012

   

Location of Expense
(Income) Recognized
in Net Earnings

Before Tax
Amount

 

Tax

 

Net of Tax
Amount

 

 

(In thousands)

Pension and other postretirement benefit plans:

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

Amortization of prior service cost

Operating expenses

$

10,608 

 

$

4,073 

 

$

6,535 

Amortization of actuarial loss (gain), net

Operating expenses

 

18,277 

 

 

7,019 

 

 

11,258 

Amortization of transition obligation

Operating expenses

 

36 

 

 

14 

 

 

22 

Total reclassification adjustments

 

 

28,921 

 

 

11,106 

 

 

17,815 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

Prior service cost arising in current year

 

 

(40,306)

 

 

(15,478)

 

 

(24,828)

Net actuarial gain arising in current year

 

 

38,887 

 

 

14,933 

 

 

23,954 

Total other comprehensive income before
    reclassification adjustments

 

 

(1,419)

 

 

(545)

 

 

(874)

 

 

 

 

 

 

 

 

 

 

Foreign currency translation:

 

 

 

 

 

 

 

 

 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

N/A

 

(8,771)

 

 

 -

 

 

(8,771)

 

 

 

 

 

 

 

 

 

 

Interest rate swaps:

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

Amortization of cash flow hedges

Interest expense

 

156 

 

 

60 

 

 

96 

Total other comprehensive income (loss)

 

$

18,887 

 

$

10,621 

 

$

8,266 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

26-Week Period Ended Dec. 28, 2013

   

Location of Expense
(Income) Recognized
in Net Earnings

Before Tax
Amount

 

Tax

 

Net of Tax
Amount

 

 

(In thousands)

Pension and other postretirement benefit plans:

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

Amortization of prior service cost

Operating expenses

$

5,656 

 

$

2,171 

 

$

3,485 

Amortization of actuarial loss (gain), net

Operating expenses

 

8,092 

 

 

3,109 

 

 

4,983 

Total reclassification adjustments

 

 

13,748 

 

 

5,280 

 

 

8,468 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation:

 

 

 

 

 

 

 

 

 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

N/A

 

(8,140)

 

 

 -

 

 

(8,140)

 

 

 

 

 

 

 

 

 

 

Interest rate swaps:

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

Amortization of cash flow hedges

Interest expense

 

312 

 

 

120 

 

 

192 

Total other comprehensive income (loss)

 

$

5,920 

 

$

5,400 

 

$

520 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

26-Week Period Ended Dec. 29, 2012

   

Location of Expense
(Income) Recognized
in Net Earnings

Before Tax
Amount

 

Tax

 

Net of Tax
Amount

 

 

(In thousands)

Pension and other postretirement benefit plans:

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

Amortization of prior service cost

Operating expenses

$

12,111 

 

$

4,650 

 

$

7,461 

Amortization of actuarial loss (gain), net

Operating expenses

 

37,248 

 

 

14,304 

 

 

22,944 

Amortization of transition obligation

Operating expenses

 

71 

 

 

27 

 

 

44 

Total reclassification adjustments

 

 

49,430 

 

 

18,981 

 

 

30,449 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

Prior service cost arising in current year

 

 

(40,306)

 

 

(15,478)

 

 

(24,828)

Net actuarial gain arising in current year

 

 

38,887 

 

 

14,933 

 

 

23,954 

Total other comprehensive income before
    reclassification adjustments

 

 

(1,419)

 

 

(545)

 

 

(874)

Foreign currency translation:

 

 

 

 

 

 

 

 

 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

N/A

 

27,389 

 

 

 -

 

 

27,389 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps:

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

Amortization of cash flow hedges

Interest expense

 

313 

 

 

120 

 

 

193 

Total other comprehensive income (loss)

 

$

75,713 

 

$

18,556 

 

$

57,157 

 

 

 

Rollforward of accumulated other comprehensive (loss) income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

26-Week Period Ended Dec. 28, 2013

 

 

Pension and Other Postretirement Benefit Plans,
net of tax

 

Foreign Currency Translation

 

Interest Rate Swaps,
net of tax

 

Total

 

 

(In thousands)

Balance as of Jun. 29, 2013

 

$

(575,167)

 

$

137,558 

 

$

(9,328)

 

$

(446,937)

Other comprehensive income before
    reclassification adjustments

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Amounts reclassified from accumulated
    other comprehensive loss

 

 

8,468 

 

 

(8,140)

 

 

192 

 

 

520 

Balance as of Dec. 28, 2013

 

$

(566,699)

 

$

129,418 

 

$

(9,136)

 

$

(446,417)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

26-Week Period Ended Dec. 29, 2012

 

 

Pension and Other Postretirement Benefit Plans,
net of tax

 

Foreign Currency Translation

 

Interest Rate Swaps,
net of tax

 

Total

 

 

(In thousands)

Balance as of Jun. 30, 2012

 

$

(823,901)

 

$

170,749 

 

$

(9,714)

 

$

(662,866)

Other comprehensive income before
    reclassification adjustments

 

 

(874)

 

 

27,389 

 

 

 -

 

 

26,515 

Amounts reclassified from accumulated
    other comprehensive loss

 

 

30,449 

 

 

 -

 

 

193 

 

 

30,642 

Balance as of Dec. 29, 2012

 

$

(794,326)

 

$

198,138 

 

$

(9,521)

 

$

(605,709)