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OTHER COMPREHENSIVE INCOME (Tables)
 12 Months Ended
Jul. 01, 2017
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Summary of components of other comprehensive (loss) income and related tax effects
A summary of the components of other comprehensive income (loss) and the related tax effects for each of the periods presented is as follows:
 
 
 
2017
 
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
 
$
11,370

 
$
4,366

 
$
7,004

Amortization of actuarial loss (gain), net
Operating expenses
 
41,689

 
15,724

 
25,965

Total reclassification adjustments
 
53,059

 
20,090

 
32,969

Other comprehensive income before 
reclassification adjustments:
 
 
 
 
 
 
 
Net actuarial (loss) gain, net arising in the current year
 
168,498

 
71,215

 
97,283

Total other comprehensive income before
reclassification adjustments
 
168,498

 
71,215

 
97,283

Foreign currency translation:
 
 
 
 
 
 
 
Foreign currency translation adjustment
N/A
 
(11,243
)
 
—

 
(11,243
)
Hedging instruments:
 
 
 
 
 
 
 
Reclassification adjustments:
 
 
 
 
 
 
 
Gains on cash flow hedges
Interest expense
 
11,495

 
4,413

 
7,082

Other comprehensive income before
reclassification adjustments:
 
 
 
 
 
 
 
Change in cash flow hedge
 
 
(10,871
)
 
(4,173
)
 
(6,698
)
Change in net investment hedge
N/A
 
(34,152
)
 
(10,140
)
 
(24,012
)
Total other comprehensive income
 
$
176,786

 
$
81,405

 
$
95,381

 

 
 
 
2016
 
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
 
$
11,351

 
$
4,359

 
$
6,992

Amortization of actuarial loss (gain), net
Operating expenses
 
21,677

 
8,325

 
13,352

Total reclassification adjustments
 
33,028

 
12,684

 
20,344

Other comprehensive income before
reclassification adjustments:
 
 
 
 
 
 
 
Net actuarial (loss) gain, net arising in the current year
 
(681,034
)
 
(261,517
)
 
(419,517
)
Total other comprehensive income before
reclassification adjustments
 
(681,034
)
 
(261,517
)
 
(419,517
)
Foreign currency translation:
 
 
 
 
 
 
 
Foreign currency translation adjustment
N/A
 
(39,080
)
 
—

 
(39,080
)
Interest rate swaps:
 
 
 
 
 
 
 
Reclassification adjustments:
 
 
 
 
 
 
 
Gains on cash flow hedges
Interest expense
 
11,543

 
4,432

 
7,111

Other comprehensive income before
reclassification adjustments:
 
 
 
 
 
 
 
Change in fair value of cash flow hedges
 
(6,134
)
 
(2,355
)
 
(3,779
)
Total other comprehensive loss
 
$
(681,677
)
 
$
(246,756
)
 
$
(434,921
)

 
 
 
2015
 
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
 
$
11,279

 
$
4,331

 
$
6,949

Amortization of actuarial loss (gain), net
Operating expenses
 
19,437

 
7,464

 
11,972

Total reclassification adjustments
 
30,716

 
11,795

 
18,921

Other comprehensive income before
reclassification adjustments
 
 
 
 
 
 
 
Prior service cost arising in the current year
N/A
 
(914
)
 
(351
)
 
(563
)
Net actuarial loss (gain) arising in the current year
N/A
 
(61,221
)
 
(23,509
)
 
(37,712
)
Total other comprehensive income before
reclassification adjustments
 
(62,135
)
 
(23,860
)
 
(38,275
)
Foreign currency translation:
 
 
 
 
 
 
 
Other comprehensive income before
reclassification adjustments:
 
 
 
 
 
 
 
Foreign currency translation adjustment
N/A
 
(232,185
)
 
—

 
(232,185
)
Interest rate swaps:
 
 
 
 
 
 
 
Reclassification adjustments:
 
 
 
 
 
 
 
Gains on cash flow hedges
Interest expense
 
8,305

 
3,189

 
5,116

Other comprehensive income before
reclassification adjustments:
 
 
 
 
 
 
 
Change in fair value of cash flow hedge
N/A
 
(55,374
)
 
(21,263
)
 
(34,111
)
Total other comprehensive loss
 
$
(310,673
)
 
$
(30,139
)
 
$
(280,534
)
Rollforward of accumulated other comprehensive (loss) income
The following tables provide a summary of the changes in accumulated other comprehensive (loss) income for the periods presented:

 
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 28, 2014
$
(685,957
)
 
$
134,452

 
$
(91,158
)
 
$
(642,663
)
Other comprehensive income before
    reclassification adjustments
(38,275
)
 
(232,185
)
 
(34,111
)
 
(304,571
)
Amounts reclassified from accumulated
    other comprehensive loss
18,921

 
—

 
5,116

 
24,037

Balance as of June 27, 2015
(705,311
)
 
(97,733
)
 
(120,153
)
 
(923,197
)
Other comprehensive income before
    reclassification adjustments
(419,517
)
 
(39,080
)
 
(3,779
)
 
(462,376
)
Amounts reclassified from accumulated
    other comprehensive loss
20,344

 
—

 
7,111

 
27,455

Balance as of July 2, 2016
(1,104,484
)
 
(136,813
)
 
(116,821
)
 
(1,358,118
)
Other comprehensive income before
    reclassification adjustments
97,283

 
(11,243
)
 
(30,710
)
 
55,330

Amounts reclassified from accumulated
    other comprehensive loss
32,969

 
—

 
7,082

 
40,051

Balance as of July 1, 2017
$
(974,232
)
 
$
(148,056
)
 
$
(140,449
)
 
$
(1,262,737
)