Income Taxes (Tables)

12 Months Ended

Jul. 02, 2011

Income tax provision by juridiction table

			2010
	2011		(53 Weeks)		2009
			(In thousands)
United States federal income taxes	$	569,872	$	542,535	$	602,595
State and local income taxes		60,081		80,492		87,223
Foreign income taxes		45,471		46,579		25,068
Total	$	675,424	$	669,606	$	714,886

Income tax provision by component table

				2010
	2011			(53 Weeks)			2009
				(In thousands)
Current	$	840,173		$	791,120		$	1,010,595
Deferred		(164,749	)		(121,514	)		(295,709	)
Total	$	675,424		$	669,606		$	714,886

Components of deferred tax assets and liabilities table

	July 2, 2011		July 3, 2010
	(In thousands)
Deferred tax liabilities:
Deferred supply chain distributions	$	276,001	$	542,424
Excess tax depreciation and basis differences of assets		384,702		288,122
Goodwill and intangible assets		175,747		157,943
Other		35,497		26,032
Total deferred tax liabilities		871,947		1,014,521
Deferred tax assets:
Net operating tax loss carryforwards		35,989		70,439
Benefit on unrecognized tax benefits		23,463		32,790
Pension		162,212		213,398
Share-based compensation		61,978		54,426
Deferred compensation		37,659		39,823
Self-insured liabilities		40,454		40,623
Receivables		52,614		54,511
Inventory		54,853		47,256
Other		56,465		34,836
Total deferred tax assets		525,687		588,102
Valuation allowances		4,046		23,115
Total net deferred tax liabilities	$	350,306	$	449,534

Tax rate reconciliation table

	2011			2010			2009
United States statutory federal income tax rate		35.00	%		35.00	%		35.00	%
State and local income taxes, net of any applicable federal income tax benefit		1.96			2.89			2.59
Foreign income taxes		(0.50	)		(0.31	)		(0.96	)
Impact of uncertain tax benefits		0.51			(1.46	)		1.75
Impact of adjusting carrying value of corporate-owned life insurance policies to their cash surrender values		(0.61	)		(0.45	)		0.95
Other		0.60			0.53			1.04
		36.96	%		36.20	%		40.37	%

Reconciliation of unrecognized tax benefits table

	2011			2010
	(In thousands)
Unrecognized tax benefits at beginning of year	$	89,851		$	92,145
Additions for tax positions related to prior years		21,099			2,796
Reductions for tax positions related to prior years		(11,955	)		(8,645	)
Additions for tax positions related to the current year		—			19,595
Reductions for tax positions related to the current year		—			—
Reductions due to settlements with taxing authorities		(25,294	)		(15,608	)
Reductions due to lapse of applicable statute of limitations		(1,610	)		(432	)
Unrecognized tax benefits at end of year	$	72,091		$	89,851

2003 through 2006 IRS Settlement [Member]

Settlement annual payments table

	(In thousands)
Fiscal 2010	$	528,000
Fiscal 2011		212,000
Fiscal 2012		212,000