Income Taxes (Tables)

12 Months Ended

Jun. 29, 2013

Income Taxes [Abstract]

Earnings before income taxes by jurisdiction table

	2013		2012		2011
		(In thousands)
United States	$	1,351,947	$	1,606,928	$	1,639,258
Foreign		195,508		177,074		188,196
Total	$	1,547,455	$	1,784,002	$	1,827,454

Income tax provision by jurisdiction table

	2013		2012		2011
	(In thousands)
United States federal income taxes	$	439,667	$	540,861	$	556,663
State and local income taxes		69,759		77,064		60,081
Foreign income taxes		45,602		44,492		58,680
Total	$	555,028	$	662,417	$	675,424

Income tax provision by component table

	2013		2012		2011
		(In thousands)
Current	$	582,889	$	840,745	$	840,173
Deferred		(27,861)		(178,328)		(164,749)
Total	$	555,028	$	662,417	$	675,424

Components of deferred tax assets and liabilities table

	June 29, 2013		June 30, 2012
	(In thousands)
Deferred tax liabilities:
Excess tax depreciation and basis differences of assets	$	455,752	$	473,947
Goodwill and intangible assets		208,229		186,921
Other		18,127		19,756
Total deferred tax liabilities		682,108		680,624
Deferred tax assets:
Net operating tax loss carryforwards		19,149		21,609
Benefit on unrecognized tax benefits		23,833		23,287
Pension		224,990		362,391
Share-based compensation		39,316		63,522
Deferred compensation		34,951		36,639
Self-insured liabilities		47,538		41,030
Receivables		48,236		51,607
Inventory		63,509		59,619
Other		50,575		40,257
Total deferred tax assets		552,097		699,961
Total net deferred tax liabilities (assets)	$	130,011	$	(19,337)

Tax rate reconciliation table

	2013		2012		2011
United States statutory federal income tax rate	35.00	%	35.00	%	35.00	%
State and local income taxes, net of any applicable federal income tax benefit	2.59		2.65		1.96
Foreign income taxes	(1.22)		(1.07)		(0.50)
Impact of uncertain tax benefits	0.37		0.12		0.51
Impact of adjusting carrying value of corporate-owned life insurance policies to their cash surrender values	(0.13)		(0.08)		(0.61)
Other	(0.74)		0.51		0.60
	35.87	%	37.13	%	36.96	%

Reconciliation of unrecognized tax benefits table

	2013		2012
		(In thousands)
Unrecognized tax benefits at beginning of year	$	103,988	$	107,925
Additions for tax positions related to prior years		15,431		2,479
Reductions for tax positions related to prior years		(2,030)		(2,154)
Additions for tax positions related to the current year		-		-
Reductions for tax positions related to the current year		-		-
Reductions due to settlements with taxing authorities		(9,052)		(2,831)
Reductions due to lapse of applicable statute of limitations		-		(1,431)
Unrecognized tax benefits at end of year	$	108,337	$	103,988