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Comprehensive Income (Tables)
12 Months Ended
Jun. 29, 2013
Comprehensive Income [Abstract]  
Summary of components of other comprehensive (loss) income and related tax effects

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

   

 

Before Tax Amount

 

Tax

 

Net of Tax Amount

 

 

(In thousands)

Foreign currency translation adjustment

 

$

(33,191)

 

$

 -

 

$

(33,191)

Amortization of cash flow hedges

 

 

626 

 

 

240 

 

 

386 

Amortization of prior service cost

 

 

18,360 

 

 

7,050 

 

 

11,310 

Amortization of actuarial loss (gain), net

 

 

72,421 

 

 

27,811 

 

 

44,610 

Amortization of transition obligation

 

 

141 

 

 

53 

 

 

88 

Prior service cost arising in current year

 

 

(53,902)

 

 

(20,699)

 

 

(33,203)

Actuarial gain (loss), net arising in current year

 

 

366,769 

 

 

140,840 

 

 

225,929 

Total other comprehensive income (loss)

 

$

371,224 

 

$

155,295 

 

$

215,929 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

   

 

Before Tax Amount

 

Tax

 

Net of Tax Amount

 

 

(In thousands)

Foreign currency translation adjustment

 

$

(81,003)

 

$

 -

 

$

(81,003)

Amortization of cash flow hedges

 

 

692 

 

 

266 

 

 

426 

Settlement of cash flow hedge

 

 

722 

 

 

277 

 

 

445 

Amortization of prior service cost

 

 

5,021 

 

 

1,928 

 

 

3,093 

Amortization of actuarial loss (gain), net

 

 

59,835 

 

 

22,975 

 

 

36,860 

Amortization of transition obligation

 

 

153 

 

 

60 

 

 

93 

Prior service cost arising in current year

 

 

(8,706)

 

 

(3,343)

 

 

(5,363)

Actuarial gain (loss), net arising in current year

 

 

(580,291)

 

 

(222,832)

 

 

(357,459)

Total other comprehensive income (loss)

 

$

(603,577)

 

$

(200,669)

 

$

(402,908)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2011

   

 

Before Tax Amount

 

Tax

 

Net of Tax Amount

 

 

(In thousands)

Foreign currency translation adjustment

 

$

122,217 

 

$

 -

 

$

122,217 

Amortization of cash flow hedge

 

 

696 

 

 

268 

 

 

428 

Amortization of prior service cost

 

 

4,145 

 

 

1,592 

 

 

2,553 

Amortization of actuarial loss (gain), net

 

 

79,564 

 

 

30,551 

 

 

49,013 

Amortization of transition obligation

 

 

153 

 

 

60 

 

 

93 

Prior service cost arising in current year

 

 

(9,239)

 

 

(3,547)

 

 

(5,692)

Actuarial gain (loss), net arising in current year

 

 

83,898 

 

 

32,217 

 

 

51,681 

Total other comprehensive income (loss)

 

$

281,434 

 

$

61,141 

 

$

220,293 

 

Rollforward of accumulated other comprehensive (loss) income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension and Other Postretirement Benefit Plans,
net of tax

 

Foreign Currency Translation

 

Interest Rate Swap,
net of tax

 

Total

 

 

(In thousands)

Balance as of July 3, 2010

 

$

(598,773)

 

$

129,535 

 

$

(11,013)

 

$

(480,251)

Foreign currency translation adjustment

 

 

 -

 

 

122,217 

 

 

 -

 

 

122,217 

Amortization of cash flow hedge

 

 

 -

 

 

 -

 

 

428 

 

 

428 

Amortization of prior service cost

 

 

2,553 

 

 

 -

 

 

 -

 

 

2,553 

Amortization of actuarial loss (gain), net

 

 

49,013 

 

 

 -

 

 

 -

 

 

49,013 

Amortization of transition obligation

 

 

93 

 

 

 -

 

 

 -

 

 

93 

Prior service cost arising in current year

 

 

(5,692)

 

 

 -

 

 

 -

 

 

(5,692)

Actuarial gain (loss), net, arising in current year

 

 

51,681 

 

 

 -

 

 

 -

 

 

51,681 

Balance as of July 2, 2011

 

 

(501,125)

 

 

251,752 

 

 

(10,585)

 

 

(259,958)

Foreign currency translation adjustment

 

 

 -

 

 

(81,003)

 

 

 -

 

 

(81,003)

Amortization of cash flow hedges

 

 

 -

 

 

 -

 

 

426 

 

 

426 

Settlement of cash flow hedge

 

 

 -

 

 

 -

 

 

445 

 

 

445 

Amortization of prior service cost

 

 

3,093 

 

 

 -

 

 

 -

 

 

3,093 

Amortization of actuarial loss (gain), net

 

 

36,860 

 

 

 -

 

 

 -

 

 

36,860 

Amortization of transition obligation

 

 

93 

 

 

 -

 

 

 -

 

 

93 

Prior service cost arising in current year

 

 

(5,363)

 

 

 -

 

 

 -

 

 

(5,363)

Actuarial gain (loss), net, arising in current year

 

 

(357,459)

 

 

 -

 

 

 -

 

 

(357,459)

Balance as of June 30, 2012

 

 

(823,901)

 

 

170,749 

 

 

(9,714)

 

 

(662,866)

Foreign currency translation adjustment

 

 

 -

 

 

(33,191)

 

 

 -

 

 

(33,191)

Amortization of cash flow hedges

 

 

 -

 

 

 -

 

 

386 

 

 

386 

Amortization of prior service cost

 

 

11,310 

 

 

 -

 

 

 -

 

 

11,310 

Amortization of actuarial loss (gain), net

 

 

44,610 

 

 

 -

 

 

 -

 

 

44,610 

Amortization of transition obligation

 

 

88 

 

 

 -

 

 

 -

 

 

88 

Prior service cost arising in current year

 

 

(33,203)

 

 

 -

 

 

 -

 

 

(33,203)

Actuarial gain (loss), net, arising in current year

 

 

225,929 

 

 

 -

 

 

 -

 

 

225,929 

Balance as of June 29, 2013

 

$

(575,167)

 

$

137,558 

 

$

(9,328)

 

$

(446,937)