Company-Sponsored Employee Benefit Plans (Company-Sponsored Employee Benefit Plans [Member])

9 Months Ended

Mar. 28, 2015

Company-Sponsored Employee Benefit Plans [Member]

Employee Benefit Plans

8.  COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS 

In the tables below, the caption “Pension Benefits” includes both the company-sponsored qualified pension plan and the Supplemental Executive Retirement Plan. The components of net company-sponsored benefit cost for the third quarter of fiscal 2015 and fiscal 2014 are as follows:

	Pension Benefits				Other Postretirement Plans
	Mar. 28, 2015		Mar. 29, 2014		Mar. 28, 2015		Mar. 29, 2014
	(In thousands)
Service cost	$	2,815	$	2,414	$	134	$	136
Interest cost		42,779		40,109		148		187
Expected return on plan assets		(57,156)		(48,199)		-		-
Amortization of prior service cost		2,778		2,786		42		42
Amortization of actuarial loss (gain)		4,968		4,082		(109)		(36)
Amortization of transition obligation		-		-		-		-
Net periodic benefit cost	$	(3,816)	$	1,192	$	215	$	329

	Pension Benefits				Other Postretirement Plans
	Mar. 28, 2015		Mar. 29, 2014		Mar. 28, 2015		Mar. 29, 2014
	(In thousands)
Service cost	$	8,445	$	7,242	$	402	$	409
Interest cost		128,338		120,327		444		561
Expected return on plan assets		(171,468)		(144,597)		-		-
Amortization of prior service cost		8,332		8,358		126		126
Recognized net actuarial loss (gain)		14,904		12,246		(327)		(108)
Net periodic benefit cost	$	(11,449)	$	3,576	$	645	$	988

Sysco’s contributions to its company-sponsored defined benefit plans were $68.8 million and $18.5 million during the first 39 weeks of fiscal 2015 and 2014, respectively.