Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Sep. 27, 2014

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

Note 4. Accumulated Other Comprehensive Income (Loss)

The Company’s Accumulated other comprehensive income(loss)consists of the accumulated net unrealized gains and losses on available-for-sale investments, foreign currency translation adjustments and defined benefit obligations.

For the three months endedSeptember 27,2014, the changes in accumulated other comprehensive income (loss) by component net of tax were as follows (in millions):

		Unrealized
		losses on		Foreign currency		Defined benefit
		available-for-		translation		obligation, net
		sale investments		adjustments		of tax (1)		Total
Beginning balance as of June 28, 2014		$	(2.8)	$	26.2	$	(12.3)	$	11.1
Other comprehensive loss before
reclassification adjustments			(0.2)		(18.5)		―		(18.7)
Amounts reclassified from Accumulated other
comprehensive income			―		―		0.1		0.1
Net current-period other comprehensive income (loss)			(0.2)		(18.5)		0.1		(18.6)
Ending balance as of September 27, 2014		$	(3.0)	$	7.7	$	(12.2)	$	(7.5)
(1)	Amount represents the amortization of actuarial losses included as a component of Selling, general and administrative expense (“SG&A”) in the Consolidated Statements of Operations for the three months ended September 27, 2014. There was no tax impact. Refer to “Note 14. Employee Defined Benefit Plans” for more details on the computation of net periodic cost for pension plans.