Quarterly Results (Unaudited)

12 Months Ended

Jul. 02, 2011

Quarterly Financial Data [Abstract]

Quarterly Results (Unaudited)

22. QUARTERLY RESULTS (UNAUDITED)

     Financial information for each quarter in the years ended July 2, 2011 and July 3, 2010 is set forth below:

	Fiscal 2011 Quarter Ended
	October 2			January 1			April 2			July 2			Fiscal Year
	(In thousands except for per share data)
Sales	$	9,751,274		$	9,384,852		$	9,761,660		$	10,425,703		$	39,323,489
Cost of sales		7,905,170			7,623,185			7,929,111			8,471,311			31,928,777
Gross profit		1,846,104			1,761,667			1,832,549			1,954,392			7,394,712
Operating expenses		1,339,864			1,324,642			1,405,062			1,393,642			5,463,210
Operating income		506,240			437,025			427,487			560,750			1,931,502
Interest expense		31,101			28,060			28,972			30,134			118,267
Other expense (income), net		(1,684	)		(1,300	)		(6,957	)		(4,278	)		(14,219	)
Earnings before income taxes		476,823			410,265			405,472			534,894			1,827,454
Income taxes		177,754			152,092			146,994			198,584			675,424
Net earnings	$	299,069		$	258,173		$	258,478		$	336,310		$	1,152,030
Per share:
Basic net earnings	$	0.51		$	0.44		$	0.44		$	0.57		$	1.96
Diluted net earnings		0.51			0.44			0.44			0.57			1.96
Dividends declared		0.25			0.26			0.26			0.26			1.03
Market price — high/low		32-27			30-28			31-27			33-28			33-27

	Fiscal 2010 Quarter Ended
										July 3			Fiscal Year
	September 26			December 26			March 27			(14 Weeks)			(53 Weeks)
	(In thousands except for per share data)
Sales	$	9,081,426		$	8,868,499		$	8,945,093		$	10,348,477		$	37,243,495
Cost of sales		7,315,269			7,153,191			7,242,530			8,344,198			30,055,188
Gross profit		1,766,157			1,715,308			1,702,563			2,004,279			7,188,307
Operating expenses		1,268,829			1,252,957			1,270,460			1,420,193			5,212,439
Operating income		497,328			462,351			432,103			584,086			1,975,868
Interest expense		33,800			31,522			27,654			32,501			125,477
Other (income), net		(2,012	)		(1,138	)		1,028			2,924			802
Earnings before income taxes		465,540			431,967			403,421			548,661			1,849,589
Income taxes		139,335			163,618			155,773			210,880			669,606
Net earnings	$	326,205		$	268,349		$	247,648		$	337,781		$	1,179,983
Per share:
Basic net earnings	$	0.55		$	0.45		$	0.42		$	0.57		$	1.99
Diluted net earnings		0.55			0.45			0.42			0.57			1.99
Dividends declared		0.24			0.25			0.25			0.25			0.99
Market price — high/low		26-21			29-24			30-27			32-28			32-21
Percentage change — 2011 vs. 2010:
Sales		7	%		6	%		9	%		1	%		6	%
Operating income		2			(5	)		(1	)		(4	)		(2	)
Net earnings		(8	)		(4	)		4			(0	)		(2	)
Basic net earnings per share		(7	)		(2	)		5			—			(2	)
Diluted net earnings per share		(7	)		(2	)		5			—			(2	)