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OTHER COMPREHENSIVE INCOME (Tables)
6 Months Ended
Dec. 31, 2022
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:
  13-Week Period Ended Dec. 31, 2022
 Location of
Expense (Income) Recognized in
Net Earnings
Before Tax
Amount
TaxNet of Tax
Amount
  (In thousands)
Pension and other postretirement benefit plans:    
Other comprehensive income before reclassification adjustments:
Net actuarial loss, arising in the current yearOther expense, net$(89,851)$(22,463)$(67,388)
  SettlementsOther expense, net315,455 78,864 236,591 
Total other comprehensive income before reclassification adjustments225,604 56,401 169,203 
Reclassification adjustments:    
Amortization of prior service costOther expense, net99 25 74 
Amortization of actuarial loss, netOther expense, net7,500 1,872 5,628 
Total reclassification adjustments7,599 1,897 5,702 
Foreign currency translation:
Other comprehensive income before reclassification adjustments:
Foreign currency translation adjustmentN/A241,814 — 241,814 
Marketable securities:
   Change in marketable securities (1)
N/A1,511 317 1,194 
Hedging instruments:
Other comprehensive income (loss) before reclassification adjustments:
   Change in cash flow hedge
Operating expenses (2)
1,189 986 203 
   Change in net investment hedgeN/A(44,999)(11,250)(33,749)
Total other comprehensive income (loss) before reclassification adjustments(43,810)(10,264)(33,546)
Reclassification adjustments:    
Amortization of cash flow hedgesInterest expense2,893 723 2,170 
Total other comprehensive income$435,611 $49,074 $386,537 
(1)
Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in the second quarter of fiscal 2023.
(2)
Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges.
  13-Week Period Ended Jan. 1, 2022
 Location of
Expense (Income) Recognized in
Net Earnings
Before Tax
Amount
TaxNet of Tax
Amount
  (In thousands)
Pension and other postretirement benefit plans:    
Reclassification adjustments:    
Amortization of prior service costOther expense, net$99 $25 $74 
Amortization of actuarial loss, netOther expense, net7,401 1,913 5,488 
Total reclassification adjustments7,500 1,938 5,562 
Foreign currency translation:
Foreign currency translation adjustmentN/A(26,870)— (26,870)
Marketable securities:
Change in marketable securities (1)
N/A(1,808)(379)(1,429)
Hedging instruments:
Other comprehensive income (loss) before reclassification adjustments:
Change in cash flow hedges
Operating expenses (2)
(7,944)(1,843)(6,101)
Change in net investment hedgesN/A11,149 2,787 8,362 
Total other comprehensive income before reclassification adjustments3,205 944 2,261 
Reclassification adjustments:
Amortization of cash flow hedgesInterest expense2,874 719 2,155 
Total other comprehensive income (loss)$(15,099)$3,222 $(18,321)
(1)
Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in the second quarter of fiscal 2022.
(2)
Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges.
  26-Week Period Ended Dec. 31, 2022
 Location of
Expense (Income) Recognized in
Net Earnings
Before Tax
Amount
TaxNet of Tax
Amount
  (In thousands)
Pension and other postretirement benefit plans:
Other comprehensive income before reclassification adjustments:
Net actuarial loss, arising in the current yearOther expense, net$(89,851)$(22,463)$(67,388)
  SettlementsOther expense, net315,455 78,864 236,591 
Total other comprehensive income before reclassification adjustments225,604 56,401 169,203 
Reclassification adjustments:
Amortization of prior service costOther expense, net198 50 148 
Amortization of actuarial loss, netOther expense, net16,686 4,167 12,519 
Total reclassification adjustments16,884 4,217 12,667 
Foreign currency translation:
Foreign currency translation adjustmentN/A9,632 — 9,632 
Marketable securities:
Change in marketable securities (1)
N/A(2,701)(567)(2,134)
Hedging instruments:
Other comprehensive income (loss) before reclassification adjustments:
Change in cash flow hedges
Operating expenses (2)
(34,820)(8,633)(26,187)
Change in net investment hedges N/A(13,653)(3,413)(10,240)
Total other comprehensive income (loss) before reclassification adjustments(48,473)(12,046)(36,427)
Reclassification adjustments:
Amortization of cash flow hedgesInterest expense5,767 1,442 4,325 
Total other comprehensive income$206,713 $49,447 $157,266 
(1)
Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in the first 26 weeks of fiscal 2023.
(2)
Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges.
  26-Week Period Ended Jan. 1, 2022
 Location of
Expense (Income) Recognized in
Net Earnings
Before Tax
Amount
TaxNet of Tax
Amount
  (In thousands)
Pension and other postretirement benefit plans:
Reclassification adjustments:
Amortization of prior service costOther expense, net$198 $50 $148 
Amortization of actuarial loss, netOther expense, net15,887 4,032 11,855 
Total reclassification adjustments16,085 4,082 12,003 
Foreign currency translation:
Foreign currency translation adjustmentN/A(114,064)— (114,064)
Marketable securities:
Change in marketable securities (1)
N/A(2,201)(461)(1,740)
Hedging instruments:
Other comprehensive income (loss) before reclassification adjustments:
Change in cash flow hedges
Operating expenses (2)
(8,507)(1,977)(6,530)
   Change in net investment hedges N/A24,702 6,175 18,527 
Total other comprehensive income before reclassification adjustments16,195 4,198 11,997 
Reclassification adjustments:
Amortization of cash flow hedgesInterest expense5,748 1,438 4,310 
Total other comprehensive income (loss)$(78,237)$9,257 $(87,494)
(1)
Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in the first 26 weeks of fiscal 2022.
(2)
Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges.
Schedule of Rollforward of Accumulated Other Comprehensive (Loss) Income
The following tables provide a summary of the changes in accumulated other comprehensive (loss) income for the periods presented:
 26-Week Period Ended Dec. 31, 2022
 Pension and Other Postretirement Benefit Plans,
net of tax
Foreign Currency TranslationHedging,
net of tax
Marketable Securities,
net of tax
Total
 (In thousands)
Balance as of Jul. 2, 2022$(1,011,335)$(501,517)$35,770 $(4,972)$(1,482,054)
Net actuarial loss arising in the current year(67,388)— — — (67,388)
Settlements236,591 — — — 236,591 
Equity adjustment from foreign currency translation— 9,632 — — 9,632 
Amortization of cash flow hedges— — 4,325 — 4,325 
Change in net investment hedges— — (10,240)— (10,240)
Change in cash flow hedge— — (26,187)(26,187)
Amortization of unrecognized prior service cost148 — — — 148 
Amortization of unrecognized net actuarial losses12,519 — — — 12,519 
Change in marketable securities— — — (2,134)(2,134)
Balance as of Dec. 31, 2022$(829,465)$(491,885)$3,668 $(7,106)$(1,324,788)

 26-Week Period Ended Jan. 1, 2022
 Pension and Other Postretirement Benefit Plans,
net of tax
Foreign Currency TranslationHedging,
net of tax
Marketable SecuritiesTotal
 (In thousands)
Balance as of Jul. 3, 2021$(1,061,991)$(40,092)$(51,096)$4,415 $(1,148,764)
Equity adjustment from foreign currency translation— (114,064)— — (114,064)
Amortization of cash flow hedges— — 4,310 — 4,310 
Change in net investment hedges— — 18,527 — 18,527 
Change in cash flow hedge— — (6,530)— (6,530)
Amortization of unrecognized prior service cost148 — — — 148 
Amortization of unrecognized net actuarial losses11,855 — — — 11,855 
Change in marketable securities— — — (1,740)(1,740)
Balance as of Jan. 1, 2022$(1,049,988)$(154,156)$(34,789)$2,675 $(1,236,258)