Shareholders' equity

12 Months Ended

Jul. 03, 2021

Shareholders' equity

Shareholders' equity

4. Shareholders’ equity

Accumulated comprehensive loss

The following table includes the balances within accumulated other comprehensive loss:

	July 3,		June 27,		June 29,
	2021		2020		2019
	(Thousands)
Accumulated translation adjustments and other	$	(46,473)	$	(199,151)	$	(142,469)
Accumulated pension liability adjustments, net of income taxes		(107,274)		(189,229)		(161,570)
Total accumulated other comprehensive loss	$	(153,747)	$	(388,380)	$	(304,039)

Substantially all amounts reclassified out of accumulated comprehensive loss, net of tax, to operating expenses during fiscal 2021, 2020, and 2019 related to net periodic pension costs as discussed further in Note 11.

Share repurchase program

In August 2019, the Company’s Board of Directors amended the Company’s existing share repurchase program, increasing the cumulative total of authorized share repurchases to $2.95 billion of common stock in the open market or through privately negotiated transactions. The timing and actual number of shares repurchased will depend on a variety of factors such as share price, expected liquidity, expected compliance with financial debt convents, corporate and regulatory requirements, and prevailing market conditions. During fiscal 2021, the Company did not repurchase any shares under this program. As of July 3, 2021, the Company had $469.0 million remaining under its share repurchase authorization.

Common stock dividend

During fiscal 2021, the Company paid dividends of $0.85 per common share and $84.3 million in total.