XML 63 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Comprehensive Income (Tables)
9 Months Ended
Mar. 29, 2014
Comprehensive Income [Abstract]  
Summary of components of other comprehensive (loss) income and related tax effects

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13-Week Period Ended Mar. 29, 2014

   

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 

 

$

1,086 

 

$

1,742 

Amortization of actuarial loss (gain), net

Operating expenses

 

4,046 

 

 

1,554 

 

 

2,492 

Total reclassification adjustments

 

 

6,874 

 

 

2,640 

 

 

4,234 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation:

 

 

 

 

 

 

 

 

 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

N/A

 

(35,397)

 

 

 -

 

 

(35,397)

 

 

 

 

 

 

 

 

 

 

Interest rate swaps:

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

Amortization of cash flow hedges

Interest expense

 

157 

 

 

60 

 

 

97 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

Change in fair value of cash flow hedges

N/A

 

(64,025)

 

 

(24,586)

 

 

(39,439)

Total other comprehensive (loss) income

 

$

(92,391)

 

$

(21,886)

 

$

(70,505)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13-Week Period Ended Mar. 30, 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

$

3,125 

 

$

1,200 

 

$

1,925 

Amortization of actuarial loss (gain), net

Operating expenses

 

17,586 

 

 

6,754 

 

 

10,832 

Amortization of transition obligation

Operating expenses

 

35 

 

 

13 

 

 

22 

Total reclassification adjustments

 

 

20,746 

 

 

7,967 

 

 

12,779 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation:

 

 

 

 

 

 

 

 

 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

N/A

 

(27,886)

 

 

 -

 

 

(27,886)

 

 

 

 

 

 

 

 

 

 

Interest rate swaps:

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

Amortization of cash flow hedges

Interest expense

 

156 

 

 

60 

 

 

96 

Total other comprehensive income (loss)

 

$

(6,984)

 

$

8,027 

 

$

(15,011)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

39-Week Period Ended Mar. 29, 2014

   

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

$

8,484 

 

$

3,257 

 

$

5,227 

Amortization of actuarial loss (gain), net

Operating expenses

 

12,138 

 

 

4,663 

 

 

7,475 

Total reclassification adjustments

 

 

20,622 

 

 

7,920 

 

 

12,702 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation:

 

 

 

 

 

 

 

 

 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

N/A

 

(43,537)

 

 

 -

 

 

(43,537)

 

 

 

 

 

 

 

 

 

 

Interest rate swaps:

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

Amortization of cash flow hedges

Interest expense

 

469 

 

 

180 

 

 

289 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

Change in fair value of cash flow hedges

N/A

 

(64,025)

 

 

(24,586)

 

 

(39,439)

Total other comprehensive (loss) income

 

$

(86,471)

 

$

(16,486)

 

$

(69,985)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

39-Week Period Ended Mar. 30, 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

$

15,236 

 

$

5,850 

 

$

9,386 

Amortization of actuarial loss (gain), net

Operating expenses

 

54,834 

 

 

21,058 

 

 

33,776 

Amortization of transition obligation

Operating expenses

 

106 

 

 

40 

 

 

66 

Total reclassification adjustments

 

 

70,176 

 

 

26,948 

 

 

43,228 

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

 

(497)

 

 

 -

 

 

(497)

 

 

 

 

 

 

 

 

 

 

Interest rate swaps:

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

Amortization of cash flow hedges

Interest expense

 

469 

 

 

180 

 

 

289 

Total other comprehensive income (loss)

 

$

68,729 

 

$

26,583 

 

$

42,146 

 

 

 

Rollforward of accumulated other comprehensive (loss) income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

39-Week Period Ended Mar. 29, 2014

 

 

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

 

 

 -

 

 

(43,537)

 

 

(39,439)

 

 

(82,976)

Amounts reclassified from accumulated
    other comprehensive loss

 

 

12,702 

 

 

 -

 

 

289 

 

 

12,991 

Balance as of Mar. 29, 2014

 

$

(562,465)

 

$

94,021 

 

$

(48,478)

 

$

(516,922)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

39-Week Period Ended Mar. 30, 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. 30, 2012

 

$

(823,901)

 

$

170,749 

 

$

(9,714)

 

$

(662,866)

Other comprehensive income before
    reclassification adjustments

 

 

(874)

 

 

(497)

 

 

 -

 

 

(1,371)

Amounts reclassified from accumulated
    other comprehensive loss

 

 

43,228 

 

 

 -

 

 

289 

 

 

43,517 

Balance as of Mar. 30, 2013

 

$

(781,547)

 

$

170,252 

 

$

(9,425)

 

$

(620,720)