Shareholders' equity

9 Months Ended

Mar. 31, 2012

Equity [Abstract]

Shareholders' equity

Shareholders’ equity

Comprehensive income

	Third Quarters Ended				Nine Months Ended
	March 31, 2012		April 2, 2011		March 31, 2012			April 2, 2011
	(Thousands)
Net income	$	147,562	$	151,031	$	433,615		$	430,239
Foreign currency translation adjustments and other	68,792		138,124		(213,677		)	271,677
Total comprehensive income	$	216,354	$	289,155	$	219,938		$	701,916

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 third quarter of fiscal 2012, the Company repurchased 8,770,000 shares under this program with an average market price of $28.35 per share for a total cost of $248,840,000. Repurchased shares were retired.