XML 25 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Results of Operations (USD $)
In Thousands, except Share data
3 Months Ended 12 Months Ended
Jul. 02, 2011
Apr. 02, 2011
Jan. 01, 2011
Oct. 02, 2010
Jul. 03, 2010
Mar. 27, 2010
Dec. 26, 2009
Sep. 26, 2009
Jul. 02, 2011
Jul. 03, 2010
Jun. 27, 2009
Consolidated Results of Operations                      
Sales $ 10,425,703 $ 9,761,660 $ 9,384,852 $ 9,751,274 $ 10,348,477 $ 8,945,093 $ 8,868,499 $ 9,081,426 $ 39,323,489 $ 37,243,495 $ 36,853,330
Cost of sales 8,488,776 7,950,800 7,642,908 7,919,857 8,366,609 7,261,721 7,173,612 7,334,067 32,002,341 30,136,009 29,816,999
Gross profit 1,936,927 1,810,860 1,741,944 1,831,417 1,981,868 1,683,372 1,694,887 1,747,359 7,321,148 7,107,486 7,036,331
Operating expenses 1,376,177 1,383,373 1,304,919 1,325,177 1,397,782 1,251,269 1,232,536 1,250,031 5,389,646 5,131,618 5,164,120
Operating income 560,750 427,487 437,025 506,240 584,086 432,103 462,351 497,328 1,931,502 1,975,868 1,872,211
Interest expense 30,134 28,972 28,060 31,101 32,501 27,654 31,522 33,800 118,267 125,477 116,322
Other expense (income), net (4,278) (6,957) (1,300) (1,684) 2,924 1,028 (1,138) (2,012) (14,219) 802 (14,945)
Earnings before income taxes 534,894 405,472 410,265 476,823 548,661 403,421 431,967 465,540 1,827,454 1,849,589 1,770,834
Income taxes 198,584 146,994 152,092 177,754 210,880 155,773 163,618 139,335 675,424 669,606 714,886
Net earnings $ 336,310 $ 258,478 $ 258,173 $ 299,069 $ 337,781 $ 247,648 $ 268,349 $ 326,205 $ 1,152,030 $ 1,179,983 $ 1,055,948
Net earnings:                      
Basic earnings per share $ 0.57 $ 0.44 $ 0.44 $ 0.51 $ 0.57 $ 0.42 $ 0.45 $ 0.55 $ 1.96 $ 1.99 $ 1.77
Diluted earnings per share $ 0.57 $ 0.44 $ 0.44 $ 0.51 $ 0.57 $ 0.42 $ 0.45 $ 0.55 $ 1.96 $ 1.99 $ 1.77
Average shares outstanding                 586,526,142 592,157,221 595,127,577
Diluted shares outstanding                 588,691,546 593,590,042 596,069,204
Dividends declared per common share $ 0.26 $ 0.26 $ 0.26 $ 0.25 $ 0.25 $ 0.25 $ 0.25 $ 0.24 $ 1.03 $ 0.99 $ 0.94