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Pension Plans (Tables)
12 Months Ended
Sep. 27, 2013
Schedule Of Change In Plans' Combined Net Benefit Obligation
The following table sets forth the changes in the plans’ combined net benefit obligation (segregated between plans existing within and outside the U.S.) during each of the fiscal years presented (in thousands):
 
 
U.S. Pension Plans
 
Non-U.S. Pension Plans
 
 
2013
 
2012
 
2013
 
2012
Net benefit obligation at the
    beginning of the year
 
$
509,605

 
$
482,542

 
$
1,191,345

 
$
968,938

Service cost
 
13,814

 
12,838

 
30,117

 
22,723

Interest cost
 
18,569

 
20,923

 
51,331

 
54,287

Participants’ contributions
 
3,071

 
3,200

 
11,805

 
11,614

Actuarial (gains)/losses
 
(42,689
)
 
20,342

 
57,764

 
142,935

Benefits paid
 
(33,960
)
 
(10,978
)
 
(34,058
)
 
(30,180
)
Curtailments and settlements
 

 
(27,702
)
 
(6,297
)
 
(6,118
)
Plan amendments
 

 

 
109

 
(2,294
)
Business combinations/consolidations
 

 
8,440

 

 
8,933

Special termination benefits
 
29

 

 

 

Effect of exchange rate changes
 

 

 
5,215

 
20,507

Net benefit obligation at the end
    of the year
 
$
468,439

 
$
509,605

 
$
1,307,331

 
$
1,191,345

Schedule Of Change In Combined Fair Value Of The Plans' Assets
The following table sets forth the changes in the combined Fair Value of the plans’ assets (segregated between plans existing within and outside the U.S.) during each of the fiscal years presented (in thousands):
 
 
U.S. Pension Plans
 
Non-U.S. Pension Plans
 
 
2013
 
2012
 
2013
 
2012
Fair Value of plan assets at the
    beginning of the year
 
$
359,348

 
$
285,777

 
$
877,950

 
$
744,689

Actual return on plan assets
 
53,495

 
62,635

 
72,368

 
91,987

Employer contributions
 
8,823

 
42,606

 
53,885

 
48,374

Participants’ contributions
 
3,071

 
3,200

 
11,805

 
11,614

Gross benefits paid
 
(33,960
)
 
(10,978
)
 
(34,058
)
 
(30,180
)
Business combinations/consolidations
 

 
3,810

 

 
4,272

Curtailments/settlements
 

 
(27,702
)
 
(4,973
)
 
(6,085
)
Effect of exchange rate changes
 

 

 
5,502

 
13,279

Fair Value of plan assets at the
    end of the year
 
$
390,777

 
$
359,348

 
$
982,479

 
$
877,950

Reconciliation Of Combined Funded Status Of Plans And Recognized In Consolidated Balance Sheet
The following table reconciles the combined funded statuses of the plans recognized in the accompanying Consolidated Balance Sheets at September 27, 2013, and September 28, 2012 (segregated between plans existing within and outside the U.S.) (in thousands):
 
 
U.S. Pension Plans
 
Non-U.S. Pension Plans
 
 
2013
 
2012
 
2013
 
2012
Net benefit obligation at the end
    of the year
 
$
468,439

 
$
509,605

 
$
1,307,331

 
$
1,191,345

Fair Value of plan assets at the end
    of the year
 
390,777

 
359,348

 
982,479

 
877,950

Under-funded amount recognized
    at the end of the year
 
$
77,662

 
$
150,257

 
$
324,852

 
$
313,395

Schedule of Accumulated and Projected Benefit Obligations
The following table presents the accumulated benefit obligation at September 27, 2013, and September 28, 2012 (segregated between plans existing within and outside the U.S.) (in thousands):
 
 
U.S. Pension Plans
 
Non-U.S. Pension Plans
 
 
2013
 
2012
 
2013
 
2012
Accumulated benefit obligation at the
   end of the year
 
$
431,726

 
$
460,618

 
$
1,222,234

 
$
1,109,413

Schedule Of Amount Recognized In Accompanying Balance Sheets
The following table presents the amounts recognized in the accompanying Consolidated Balance Sheets at September 27, 2013, and September 28, 2012 (segregated between plans existing within and outside the U.S.) (in thousands):
 
 
U.S. Pension Plans
 
Non-U.S. Pension Plans
 
 
2013
 
2012
 
2013
 
2012
Accrued benefit cost included in
    prepaid assets
 
$

 
$

 
$
15,193

 
$
13,174

Accrued benefit cost included in
    current liabilities
 

 

 
1,000

 
2,271

Accrued benefit cost included in
    noncurrent liabilities
 
77,662

 
150,257

 
339,045

 
324,298

Net amount recognized at the end of
    the year
 
$
77,662

 
$
150,257

 
$
324,852

 
$
313,395

Schedule Of Pension Plans Recorded In Accumulated Other Comprehensive Loss Not Yet Recognized As Component Of Net Periodic Pension Cost
The following table presents certain amounts relating to our pension plans recorded in accumulated other comprehensive loss that have not yet been recognized as components of net periodic pension cost at September 27, 2013, and September 28, 2012 (segregated between plans existing within and outside the U.S.) (in thousands):
 
 
U.S. Pension Plans
 
Non-U.S. Pension Plans
 
 
2013
 
2012
 
2013
 
2012
Net actuarial loss
 
$
50,446

 
$
68,970

 
$
228,074

 
$
201,726

Prior service cost
 

 

 
(466
)
 
(803
)
Total
 
$
50,446

 
$
68,970

 
$
227,608

 
$
200,923

Schedule Of Accumulated Comprehensive Income Amortized Against Earnings In The Next Year
The following table presents the amount of accumulated comprehensive income that will be amortized against earnings as part of our net periodic pension cost in fiscal 2013(segregated between plans existing within and outside the U.S.) (in thousands):
 
 
U.S.
Pension
Plans
 
Non-U.S.
Pension
Plans
Unrecognized net actuarial loss
 
$
3,608

 
$
15,527

Unrecognized prior service cost
 
(103
)
 
(25
)
Accumulated comprehensive loss to be recorded against earnings
 
$
3,505

 
$
15,502

Schedule Of Weighted Average Measurement Of Assets And Liabilities
The plans’ weighted average asset allocations at September 27, 2013, and September 28, 2012 (the measurement dates used in valuing the plans’ assets and liabilities) were as follows:
 
 
U.S. Pension Plans
 
Non-U.S. Pension Plans
 
 
2013
 
2012
 
2013
 
2012
Equity securities
 
74
%
 
72
%
 
32
%
 
41
%
Debt securities
 
20
%
 
21
%
 
31
%
 
37
%
Real estate investments
 
1
%
 
1
%
 
6
%
 
6
%
Other
 
5
%
 
6
%
 
31
%
 
16
%
Anticipated Cash Contributions
The following table presents the amount of cash contributions we anticipate making into the plans during fiscal 2014 (in thousands): 
U.S.
Pension Plans
 
Non-U.S.
Pension  Plans
$
12,500

 
$
53,561

Schedule Of Expected Payments To Participants In Pension Plan
The following table presents the total benefit payments expected to be paid to pension plan participants during each of the next five fiscal years, and in total for the five years thereafter (in thousands):
 
 
U.S. Pension Plans
 
Non-U.S.
Pension  Plans
2014
 
$
39,259

 
$
39,298

2015
 
36,319

 
41,989

2016
 
38,455

 
46,714

2017
 
41,162

 
49,767

2018
 
38,808

 
54,413

For the period 2019 through 2023
 
204,246

 
344,800

Schedule Of Contribution To Multiemployer Pension Plans
The following table presents the Company’s contributions to these multiemployer plans during each of the last three fiscal years (in thousands):
 
 
2013
 
2012
 
2011
Canada
 
$
72,660

 
$
72,053

 
$
81,608

Europe and Australia
 
12,930

 
10,808

 
12,613

United States
 
4,366

 
4,420

 
4,049

Total
 
$
89,956

 
$
87,281

 
$
98,270

U.S. Pension Plans [Member]
 
Schedule Of Significant Actuarial Assumptions In Determining The Funded Status Plans
The following table presents the significant actuarial assumptions used in determining the funded statuses and the following year's benefit cost of the Company’s U.S. plans for each fiscal year presented:
 
 
2013
 
2012
 
2011
Weighted average discount rates
 
4.4% to 5.0%

 
3.4% to 3.9%

 
4.3% to 4.6%

Rates of compensation increases
 
2.80
%
 
3.25
%
 
3.50
%
Expected long-term rates of return
  on plan assets
 
7.7
%
 
7.5
%
 
7.5
%
Schedule Of Pension Plans Recognized In Accumulated Other Comprehensive Loss
The following table presents certain amounts relating to our U.S. pension plans recognized in accumulated other comprehensive loss at September 27, 2013, and September 28, 2012 (in thousands):
 
 
2013
 
2012
 
2011
Arising during the period:
 
 
 
 
 
 
Net actuarial (gain) loss
 
$
(15,850
)
 
$
2,756

 
$
7,486

Reclassification adjustments:
 
 
 
 
 
 
Net actuarial gain
 
(2,674
)
 
(2,011
)
 
(2,011
)
Total
 
$
(18,524
)
 
$
745

 
$
5,475

Schedule Of Fair Value Of Pension Plan Assets
The following table presents the Fair Value of the Company’s U.S. pension plan assets at September 28, 2012, segregated by level of Fair Value measurement inputs within the Fair Value hierarchy promulgated by U.S. GAAP (in thousands):
 
 
Fair Values By Level of
Fair Value Measurement Inputs
 
 
Level 1
 
Level 3
 
Total
U.S. Domestic equities
 
$
230,862

 
$

 
$
230,862

Overseas equities
 
27,343

 

 
27,343

U.S. Domestic bonds
 
75,648

 

 
75,648

Cash and equivalents
 
6,183

 

 
6,183

Real estate
 

 
4,841

 
4,841

Hedge funds
 

 
14,471

 
14,471

Total
 
$
340,036

 
$
19,312

 
$
359,348

The following table presents the Fair Value of the Company’s U.S. pension plan assets at September 27, 2013, segregated by level of Fair Value measurement inputs within the Fair Value hierarchy promulgated by U.S. GAAP (in thousands):
 
 
Fair Values By Level of
Fair Value Measurement Inputs
 
 
Level 1
 
Level 3
 
Total
U.S. Domestic equities
 
$
247,155

 
$

 
$
247,155

Overseas equities
 
40,719

 

 
40,719

U.S. Domestic bonds
 
79,482

 

 
79,482

Cash and equivalents
 
3,499

 

 
3,499

Real estate
 

 
4,411

 
4,411

Hedge funds
 

 
15,511

 
15,511

Total
 
$
370,855

 
$
19,922

 
$
390,777

Summary Of Changes In The Fair Value Of The Plans' Level 3 Assets
The following table summarizes the changes in the Fair Value of the Company’s U.S. Pension Plans’ Level 3 assets for the year ended September 27, 2013 (in thousands):
 
 
Real
Estate
 
Hedge
Funds
Balance, beginning of year
 
$
4,841

 
$
14,471

Transfers
 

 

Realized and unrealized gains (losses)
 
(430
)
 
1,040

Balance, end of year
 
$
4,411

 
$
15,511

The following table summarizes the changes in the Fair Value of the Company’s U.S. Pension Plans’ Level 3 assets for the year ended September 28, 2012 (in thousands):
 
 
Real
Estate
 
Hedge
Funds
Balance, beginning of year
 
$
5,353

 
$
14,845

Transfers
 

 

Realized and unrealized losses
 
(512
)
 
(374
)
Balance, end of year
 
$
4,841

 
$
14,471

Schedule Of Components Of Net Periodic Pension Cost Recognized
The following table presents the components of net periodic pension cost for the Company’s U.S. pension plans recognized in the accompanying Consolidated Statements of Earnings for each of the last three fiscal years (in thousands):
 
 
2013
 
2012
 
2011
Service cost
 
$
13,814

 
$
12,838

 
$
10,684

Interest cost
 
18,569

 
20,923

 
21,377

Expected return on plan assets
 
(25,826
)
 
(23,764
)
 
(23,558
)
Actuarial loss
 
8,030

 
10,981

 
7,025

Prior service cost
 
(103
)
 
(103
)
 
(103
)
Net pension cost, before special items
 
14,484

 
20,875

 
15,425

Special termination benefits
 
29

 

 
120

Settlement loss
 

 
6,035

 

Total net periodic pension cost recognized
 
$
14,513

 
$
26,910

 
$
15,545

Non-U.S. Pension Plans [Member]
 
Schedule Of Significant Actuarial Assumptions In Determining The Funded Status Plans
The following table presents the significant actuarial assumptions used in determining the funded statuses and the following year's benefit cost of the Company’s Non-U.S. pension plans for each fiscal year presented:
 
 
2013
 
2012
 
2011
Weighted average discount rates
 
0.4% to 9.3%
 
0.6% to 8.4%
 
2.6% to 5.9%
Rates of compensation increases
 
2.5% to 7.5%
 
2.8% to 7.5%
 
3.0% to 3.5%
Expected long-term rates of return
  on plan assets
 
0.4% to 8.5%
 
2.4% to 8.5%
 
4.75% to 7.1%
Schedule Of Pension Plans Recognized In Accumulated Other Comprehensive Loss
The following table presents certain amounts relating to our Non-U.S. pension plans recognized in accumulated other comprehensive loss at September 27, 2013, and September 28, 2012 (in thousands):
 
 
2013
 
2012
 
2011
Arising during the period:
 
 
 
 
 
 
Net actuarial loss (gain)
 
$
27,417

 
$
83,298

 
$
(73,258
)
Prior service cost (benefit)
 
297

 
(1,947
)
 
1,005

Total
 
27,714

 
81,351

 
(72,253
)
Reclassification adjustments:
 
 
 
 
 
 
Net actuarial gain
 
(9,778
)
 
(6,131
)
 
(4,990
)
Prior service cost (benefit)
 
41

 
(23
)
 
(1,406
)
Total
 
(9,737
)
 
(6,154
)
 
(6,396
)
Total
 
$
17,977

 
$
75,197

 
$
(78,649
)
Schedule Of Fair Value Of Pension Plan Assets
The following table presents the Fair Value of the Company’s Non-U.S. pension plan assets at September 27, 2013, segregated by level of Fair Value measurement inputs within the Fair Value hierarchy promulgated by U.S. GAAP (in thousands):
 
 
Fair Values By Level of
Fair Value Measurement Inputs
 
 
Level 1
 
Level 3
 
Total
U.S. Domestic equities
 
$
108,261

 
$

 
$
108,261

Overseas equities
 
207,607

 

 
207,607

U.S. Domestic bonds
 
230,202

 

 
230,202

Overseas bonds
 
76,372

 

 
76,372

Cash and equivalents
 
28,185

 

 
28,185

Infrastructure / raw goods
 

 
7,076

 
7,076

Real estate
 

 
57,173

 
57,173

Insurance contracts
 

 
21,214

 
21,214

Hedge funds
 

 
246,389

 
246,389

Total
 
$
650,627

 
$
331,852

 
$
982,479

The following table presents the Fair Value of the Company’s Non-U.S. pension plan assets at September 28, 2012, segregated by level of Fair Value measurement inputs within the Fair Value hierarchy promulgated by U.S. GAAP (in thousands):
 
 
Fair Values By Level of
Fair Value Measurement Inputs
 
 
Level 1
 
Level 3
 
Total
U.S. Domestic equities
 
$
193,715

 
$

 
$
193,715

Overseas equities
 
168,097

 

 
168,097

U.S. Domestic bonds
 
306,974

 

 
306,974

Overseas bonds
 
14,254

 

 
14,254

Cash and equivalents
 
27,571

 

 
27,571

Infrastructure / raw Goods
 

 
6,111

 
6,111

Real estate
 

 
49,537

 
49,537

Insurance contracts
 

 
18,291

 
18,291

Hedge funds
 

 
93,400

 
93,400

Total
 
$
710,611

 
$
167,339

 
$
877,950

Summary Of Changes In The Fair Value Of The Plans' Level 3 Assets
The following table summarizes the changes in the Fair Value of the Company’s Non-U.S. Pension Plans’ Level 3 assets for the year ended September 27, 2013 (in thousands):
 
 
Infrastructure
/ Raw Goods
 
Real
Estate
 
Insurance
Contracts
 
Hedge
Funds
Balance, beginning of year
 
$
6,111

 
$
49,537

 
$
18,291

 
$
93,400

Purchases, sales, and settlements
 

 

 
1,646

 
144,441

Realized and unrealized gains
 
678

 
7,670

 
1,058

 
4,664

Effect of exchange rate changes
 
287

 
(34
)
 
219

 
3,884

Balance, end of year
 
$
7,076

 
$
57,173

 
$
21,214

 
$
246,389

The following table summarizes the changes in the Fair Value of the Company’s Non-U.S. Pension Plans’ Level 3 assets for the year ended September 28, 2012 (in thousands): 
 
 
Infrastructure
/ Raw Goods
 
Real
Estate
 
Insurance
Contracts
 
Hedge
Funds
Balance, beginning of year
 
$
4,776

 
$
43,997

 
$
17,293

 
$
81,776

Purchases, sales, and settlements
 

 
106

 
389

 

Realized and unrealized gains
 
1,572

 
3,836

 
1,422

 
7,975

Transfers
 

 

 

 

Effect of exchange rate changes
 
(237
)
 
1,598

 
(813
)
 
3,649

Balance, end of year
 
$
6,111

 
$
49,537

 
$
18,291

 
$
93,400

Schedule Of Components Of Net Periodic Pension Cost Recognized
The following table presents the components of net periodic pension cost for the Company’s Non-U.S. pension plans recognized in the accompanying Consolidated Statements of Earnings for each of the last three fiscal years (in thousands):
 
 
2013
 
2012
 
2011
Service cost
 
$
30,117

 
$
22,723

 
$
30,816

Interest cost
 
51,331

 
54,287

 
54,631

Expected return on plan assets
 
(54,817
)
 
(50,996
)
 
(50,033
)
Actuarial loss
 
13,276

 
8,227

 
13,535

Prior service cost
 
(43
)
 
152

 
303

Net pension cost, before special
    items
 
39,864

 
34,393

 
49,252

Curtailments and settlements
 
(383
)
 
1,326

 
381

Total net periodic pension cost
    recognized
 
$
39,481

 
$
35,719

 
$
49,633