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Comprehensive Income (Tables)
3 Months Ended
Sep. 28, 2013
Comprehensive Income [Abstract]  
Summary of components of other comprehensive (loss) income and related tax effects

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13-Week Period Ended Sep. 28, 2013

   

 

Location of Expense
(Income) Recognized
in Net Earnings

 

Before Tax
Amount

 

Tax

 

Net of Tax
Amount

 

 

 

 

(In thousands)

Pension and other postretirement benefit plans:

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

 

 

Amortization of prior service cost

 

Operating expenses

 

$

2,828 

 

$

1,086 

 

$

1,742 

Amortization of actuarial loss (gain), net

 

Operating expenses

 

 

4,046 

 

 

1,555 

 

 

2,491 

Total reclassification adjustments

 

 

 

 

6,874 

 

 

2,641 

 

 

4,233 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation:

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

 

N/A

 

 

30,807 

 

 

 -

 

 

30,807 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps:

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

 

 

Amortization of cash flow hedges

 

Interest expense

 

 

156 

 

 

60 

 

 

96 

Total other comprehensive income (loss)

 

 

 

$

37,837 

 

$

2,701 

 

$

35,136 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13-Week Period Ended Sep. 29, 2012

   

 

Location of Expense
(Income) Recognized
in Net Earnings

 

Before Tax
Amount

 

Tax

 

Net of Tax
Amount

 

 

 

 

(In thousands)

Pension and other postretirement benefit plans:

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

 

 

Amortization of prior service cost

 

Operating expenses

 

$

1,503 

 

$

577 

 

$

926 

Amortization of actuarial loss (gain), net

 

Operating expenses

 

 

18,971 

 

 

7,285 

 

 

11,686 

Amortization of transition obligation

 

Operating expenses

 

 

35 

 

 

13 

 

 

22 

Total reclassification adjustments

 

 

 

 

20,509 

 

 

7,875 

 

 

12,634 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation:

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

 

N/A

 

 

36,160 

 

 

 -

 

 

36,160 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps:

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

 

 

Amortization of cash flow hedges

 

Interest expense

 

 

157 

 

 

60 

 

 

97 

Total other comprehensive income (loss)

 

 

 

$

56,826 

 

$

7,935 

 

$

48,891 

 

Rollforward of accumulated other comprehensive (loss) income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13-Week Period Ended Sep. 28, 2013

 

 

Pension and Other Postretirement Benefit Plans,
net of tax

 

Foreign Currency Translation

 

Interest Rate Swaps,
net of tax

 

Total

 

 

(In thousands)

Balance as of Jun. 29, 2013

 

$

(575,167)

 

$

137,558 

 

$

(9,328)

 

$

(446,937)

Other comprehensive income before
    reclassification adjustments

 

 

 -

 

 

30,807 

 

 

 -

 

 

30,807 

Amounts reclassified from accumulated
    other comprehensive loss

 

 

4,233 

 

 

 -

 

 

96 

 

 

4,329 

Balance as of Sep. 28, 2013

 

$

(570,934)

 

$

168,365 

 

$

(9,232)

 

$

(411,801)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13-Week Period Ended Sep. 29, 2012

 

 

Pension and Other Postretirement Benefit Plans,
net of tax

 

Foreign Currency Translation

 

Interest Rate Swaps,
net of tax

 

Total

 

 

(In thousands)

Balance as of Jun. 30, 2012

 

$

(823,901)

 

$

170,749 

 

$

(9,714)

 

$

(662,866)

Other comprehensive income before
    reclassification adjustments

 

 

 -

 

 

36,160 

 

 

 -

 

 

36,160 

Amounts reclassified from accumulated
    other comprehensive loss

 

 

12,634 

 

 

 -

 

 

97 

 

 

12,731 

Balance as of Sep. 29, 2012

 

$

(811,267)

 

$

206,909 

 

$

(9,617)

 

$

(613,975)