Employee Benefit Plans (Tables)

12 Months Ended

Jul. 02, 2011

Jul. 03, 2010

Defined benefit plans funded status table

	Pension Benefits						Other Postretirement Plans
	July 2, 2011			July 3, 2010			July 2, 2011			July 3, 2010
	(In thousands)
Change in benefit obligation:
Benefit obligation at beginning of year	$	2,212,304		$	1,551,944		$	8,461		$	7,197
Service cost		99,443			66,650			396			328
Interest cost		134,973			119,593			524			562
Amendments		8,252			—			987			—
Recognized net actuarial loss		121,913			523,432			157			734
Total disbursements		(60,225	)		(49,315	)		287			(360	)
Benefit obligation at end of year		2,516,660			2,212,304			10,812			8,461
Change in plan assets:
Fair value of plan assets at beginning of year		1,666,972			1,244,085			—			—
Actual return on plan assets		337,889			174,269			—			—
Employer contribution		161,677			297,933			(287	)		360
Total disbursements		(60,225	)		(49,315	)		287			(360	)
Fair value of plan assets at end of year		2,106,313			1,666,972			—			—
Funded status at end of year	$	(410,347	)	$	(545,332	)	$	(10,812	)	$	(8,461	)

Defined benefit plans amounts recognized in balance sheet table

	Pension Benefits						Other Postretirement Plans
	July 2, 2011			July 3, 2010			July 2, 2011			July 3, 2010
	(In thousands)
Current accrued benefit liability (Accrued expenses)	$	(22,426	)	$	(21,574	)	$	(336	)	$	(333	)
Non-current accrued benefit liability (Other long-term liabilities)		(387,921	)		(523,758	)		(10,476	)		(8,128	)
Net amount recognized	$	(410,347	)	$	(545,332	)	$	(10,812	)	$	(8,461	)

Defined benefit plans amounts recognized in accumulated other comprehensive loss (income) table

			Other
	Pension Benefits		Postretirement Plans			Total
		(In thousands)
Prior service cost	$	32,187	$	1,450		$	33,637
Net actuarial losses (gains)		784,382		(4,798	)		779,584
Transition obligation		—		294			294
Total	$	816,569	$	(3,054	)	$	813,515

			Other
	Pension Benefits		Postretirement Plans			Total
	(In thousands)
Prior service cost	$	27,895	$	648		$	28,543
Net actuarial losses (gains)		948,389		(5,343	)		943,046
Transition obligation		—		447			447
Total	$	976,284	$	(4,248	)	$	972,036

Defined benefit plans with accumulated/aggregate benefit obligation in excess of fair value of plan assets table

Pension Benefits					Other Postretirement Plans
	July 2, 2011(1)		July 3, 2010(1)			July 2, 2011		July 3, 2010
	(In thousands)
Accumulated benefit obligation/aggregate benefit obligation	$	2,325,171	$	2,051,115		$	10,812	$	8,461
Fair value of plan assets at end of year		2,106,313		1,666,972			—		—

⁽¹⁾ Information under Pension Benefits as of July 2, 2011 and July 3, 2010 includes both the Retirement Plan and the SERP.

Defined benefit plans amounts included accumulated other comprehensive loss (income) that are expected to be recognized in net company-sponsored benefit cost in next fiscal year table

		Other
	Pension Benefits		Postretirement Plans			Total
	(In thousands)
Amortization of prior service cost	$	4,805	$	215		$	5,020
Amortization of net actuarial losses (gains)		60,166		(331	)		59,835
Amortization of transition obligation		—		153			153
Total	$	64,971	$	37		$	65,008

Defined benefit plans estimated future benefit payments table

			Other
	Pension Benefits		Postretirement Plans
	(In thousands)
2012	$	65,259	$	346
2013		71,326		455
2014		79,496		638
2015		88,530		802
2016		99,221		957
Subsequent five years		680,580		5,697

Defined benefit plans weighted average assumptions used in calculating benefit obligations table

	July 2, 2011			July 3, 2010
Discount rate — Retirement Plan		5.94	%		6.15	%
Discount rate — SERP		5.93			6.35
Discount rate — Other Postretirement Plans		5.94			6.32
Rate of compensation increase — Retirement Plan		5.30			5.30

Defined benefit plans weighted average assumptions used in calculating net periodic benefit costs table

	2011			2010			2009
Discount rate — Retirement Plan		6.15	%		8.02	%		6.94	%
Discount rate — SERP		6.35			7.14			7.03
Discount rate — Other Postretirement Plans		6.32			8.02			6.94
Expected rate of return — Retirement Plan		8.00			8.00			8.00
Rate of compensation increase — Retirement Plan		5.30			5.21			6.17

Pension Benefits [Member]

Defined benefit plans components of net benefit cost table

				2010
	2011			(53 Weeks)			2009
	(In thousands)
Service cost	$	99,443		$	66,650		$	80,899
Interest cost		134,973			119,593			113,715
Expected return on plan assets		(131,921	)		(104,860	)		(127,422	)
Amortization of prior service cost		3,960			4,209			3,793
Amortization of net actuarial loss		79,952			40,526			17,729
Net pension costs	$	186,407		$	126,118		$	88,714

Defined benefit plans other changes in plan assets and benefit obligations recognized in other comprehensive (loss) income table

	Pension Benefits
				2010
	2011			(53 Weeks)			2009
	(In thousands)
Amortization of prior service cost	$	3,960		$	4,209		$	3,793
Amortization of net actuarial loss		79,952			40,526			17,729
Pension liability assumption (prior service cost)		—			—			(26,704	)
Prior service cost arising in current year		(8,252	)		—			(48	)
Net actuarial gain (loss) arising in current year		84,055			(454,023	)		(201,417	)
Net pension costs	$	159,715		$	(409,288	)	$	(206,647	)

Other Postretirement Plans [Member]

Defined benefit plans components of net benefit cost table

				2010
	2011			(53 Weeks)			2009
	(In thousands)
Service cost	$	396		$	328		$	490
Interest cost		524			562			624
Amortization of prior service cost		185			185			130
Amortization of net actuarial gain		(388	)		(490	)		(158	)
Amortization of transition obligation		153			153			153
Net other postretirement benefit costs	$	870		$	738		$	1,239

Defined benefit plans other changes in plan assets and benefit obligations recognized in other comprehensive (loss) income table

	Other Postretirement Plans
				2010
	2011			(53 Weeks)			2009
	(In thousands)
Amortization of prior service cost	$	185		$	185		$	130
Amortization of net actuarial gain		(388	)		(490	)		(158	)
Amortization of transition obligation		153			153			153
Prior service cost arising in current year		(987	)		—			(527	)
Net actuarial (loss) gain arising in current year		(157	)		(733	)		3,813
Net pension costs	$	(1,194	)	$	(885	)	$	3,411

Qualified pension plan [Member]

Defined benefit plans target and actual asset allocation table

	Target Asset
	Allocation			Actual Asset
	Range			Allocation
U.S. equity		23-31	%		33	%
International equity		23-31			28
Core fixed income		11-17			15
Long duration fixed income		10-18			13
High yield fixed income		6-12			9
Alternative investments		5-15			2
					100	%

Defined benefit plans fair value of plans assets by major category table

	Assets Measured at Fair Value as of July 2, 2011
	Level 1			Level 2			Level 3		Total
				(In thousands)
Cash and cash equivalents 1	$	—		$	112,217		$	—	$	112,217
U.S. equity:
U.S. large-cap 1		139,048			357,712			—		496,760
U.S. small-to-mid-cap		166,890			—			—		166,890
International equity 2		117,655			455,811			—		573,466
Core fixed income:
U.S. government and agency securities		—			62,691			—		62,691
Corporate bonds 1		—			79,974			—		79,974
Asset-backed securities		—			8,704			—		8,704
Mortgage-backed securities, net 3		—			129,941			—		129,941
Other 1		—			17,905			—		17,905
Derivatives, net 4		(34	)		(340	)		—		(374	)
Long duration fixed income:
U.S. government and agency securities		—			79,970			—		79,970
Corporate bonds		—			139,916			—		139,916
Asset-backed securities		—			1,870			—		1,870
Mortgage-backed securities		—			11,810			—		11,810
Other 1		—			39,997			—		39,997
Derivatives, net 5		280			512			—		792
High yield fixed income 2		—			191,583			—		191,583
Alternative investments:
Real estate 2		—			—			30,615		30,615
Private equity 2		—			—			1,480		1,480
Total investments at fair value	$	423,839		$	1,690,273		$	32,095	$	2,146,207
Other 6										(39,894	)
Fair value of plan assets at end of year									$	2,106,313

1	Include direct investments and investment funds.
2	Include investments in investment funds only.
3	Include direct investments, investment funds and forward settling sales.
4	Include credit default swaps, interest rate swaps, and futures. The fair value of asset positions totaled $8.6 million; the fair value of liability positions totaled $9.0 million.
5	Include credit default swaps, interest rate swaps, foreign currency contracts, futures and options. The fair value of asset positions totaled $1.1 million; the fair value of liability positions totaled $0.3 million.
6	Include primarily plan receivables and payables, net.

	Assets Measured at Fair Value as of July 3, 2010
	Level 1		Level 2		Level 3		Total
			(In thousands)
Cash and cash equivalents 1	$	—	$	71,327	$	—	$	71,327
U.S. equity:
U.S. large-cap 1		259,621		161,228		—		420,849
U.S. small-to-mid-cap		172,930		—		—		172,930
International equity 2		—		285,184		—		285,184
Fixed income long duration:
U.S. government and agency securities		—		178,097		—		178,097
Corporate bonds 1		—		225,412		—		225,412
Asset-backed securities		—		12,108		—		12,108
Mortgage-backed securities, net 3		—		124,312		—		124,312
Other 1		—		48,452		—		48,452
Derivatives, net 4		600		991		—		1,591
Fixed income high yield 2		—		120,984		—		120,984
Alternative investments:
Real estate 2		—		—		17,065		17,065
Total investments at fair value	$	433,151	$	1,228,095	$	17,065	$	1,678,311
Other 5								(11,339	)
Fair value of plan assets at end of year							$	1,666,972

1	Include direct investments and investment funds.
2	Include investments in investment funds only.
3	Include direct investments, investment funds and forward settling sales.
4	Include credit default swaps, interest rate swaps, foreign currency contracts, futures and options. The fair value of asset positions totaled $13.5 million; the fair value of liability positions totaled $11.9 million.
5	Include primarily plan receivables and payables, net.

Defined benefit plans rollforward of Level 3 plan assets table

	Real Estate			Private Equity		Total Level 3
	Fund			Funds		Measurements
	(In thousands)
Balance, June 27, 2009	$	14,839		$	—	$	14,839
Actual return on plan assets:
Relating to assets still held at the reporting date		(1,545	)		—		(1,545	)
Relating to assets sold during the period		(15	)		—		(15	)
Purchases and sales, net		3,786			—		3,786
Transfers in and/or out of Level 3		—			—		—
Balance, July 3, 2010	$	17,065		$	—	$	17,065
Actual return on plan assets:
Relating to assets still held at the reporting date		3,371			72		3,443
Relating to assets sold during the period		—			—		—
Purchases and sales, net		10,179			1,408		11,587
Transfers in and/or out of Level 3		—			—		—
Balance, July 2, 2011	$	30,615		$	1,480	$	32,095