Shareholders' equity

6 Months Ended

Dec. 31, 2011

Equity [Abstract]

Shareholders' equity

Shareholders’ equity

Comprehensive income

	Second Quarters Ended						Six Months Ended
	December 31, 2011			January 1, 2011			December 31, 2011			January 1, 2011
	(Thousands)
Net income	$	147,023		$	141,034		$	286,053		$	279,208
Foreign currency translation adjustments	(96,211		)	(42,099		)	(282,469		)	133,553
Total comprehensive income	$	50,812		$	98,935		$	3,584		$	412,761

Share repurchase program

In August 2011, the Company’s Board of Directors authorized the repurchase of up to $500,000,000 of common stock in the open market or through privately negotiated transactions. The timing and actual number of shares purchased will depend on a variety of factors such as price, corporate and regulatory requirements, and prevailing market conditions. From August 15, 2011, when the program was made effective, through the end of the second quarter of fiscal 2012, the Company repurchased 8,060,000 shares under this program with an average market price of $28.01 per share for a total cost of $225,937,000. This amount differs from the cash used for repurchases of common stock on the consolidated statement of cash flows to the extent repurchases were not settled at the end of the quarter. Repurchased shares were retired.