XML 84 R69.htm IDEA: XBRL DOCUMENT v3.21.2
Pension and retirement plans (Pension Plans) (Details)
$ in Thousands
12 Months Ended
Jul. 04, 2021
USD ($)
Jul. 03, 2021
USD ($)
item
Jun. 27, 2020
USD ($)
Jun. 29, 2019
USD ($)
Changes in benefit obligations:        
The minimum hours that must be worked in a year, in order that the employee becomes eligible to join the pension plan in the following year. | item   1,000    
Benefit obligations at beginning of year $ 762,708 $ 790,179 $ 731,695  
Service cost   15,751 15,145 $ 14,631
Interest cost   15,904 22,552 26,354
Actuarial (gain) loss   (12,397) 72,144  
Benefits paid   (46,729) (51,357)  
Benefit obligations at end of year   762,708 790,179 731,695
Change in plan assets:        
Fair value of plan assets at beginning of year $ 772,279 707,800 664,063  
Actual return on plan assets   95,208 87,094  
Benefits paid   (46,729) (51,357)  
Contributions   16,000 8,000  
Fair value of plan assets at end of year   772,279 707,800 $ 664,063
Funded status of the plan recognized as a non-current asset (non-current liability)   9,571 (82,379)  
Amounts recognized in accumulated other comprehensive income:        
Unrecognized net actuarial losses   177,949 256,477  
Unamortized prior service cost   31 332  
Amount recognized in accumulated other comprehensive income   177,980 256,809  
Other changes in plan assets and benefit obligations recognized in other comprehensive income:        
Net actuarial (gain) loss   (57,924) 35,721  
Amortization of net actuarial losses   (20,604) (14,629)  
Amortization of prior service costs   (301) (2,137)  
Other changes in plan assets and benefit obligations recognized in other comprehensive income   (78,829) $ 18,955  
Unrecognized actuarial losses expected to be recognized in net periodic pension cost during following year   $ 16,300    
Weighted average assumptions used to calculate actuarial present values of benefit obligations        
Discount rate   2.80% 2.70%  
Weighted average assumptions used to determine net benefit costs        
Discount rate   2.40% 3.30%  
Expected return on plan assets 7.00% 7.40% 7.70%  
Rate of compensation increase   3.50% 3.50%  
Interest crediting rate   4.00% 4.00%