XML 31 R28.htm IDEA: XBRL DOCUMENT v2.4.1.9
Other Comprehensive Income (Tables)
9 Months Ended
Mar. 28, 2015
Other Comprehensive Income [Abstract]  
Summary of components of other comprehensive (loss) income and related tax effects

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13-Week Period Ended Mar. 28, 2015

   

 

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

 

$

2,819 

 

$

1,082 

 

$

1,737 

Amortization of actuarial loss (gain), net

 

Operating expenses

 

 

4,859 

 

 

1,866 

 

 

2,993 

Total reclassification adjustments

 

 

 

 

7,678 

 

 

2,948 

 

 

4,730 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation:

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

 

N/A

 

 

(97,890)

 

 

 -

 

 

(97,890)

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps:

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

 

 

Amortization of cash flow hedges

 

Interest expense

 

 

2,720 

 

 

1,044 

 

 

1,676 

Total other comprehensive (loss) income

 

 

 

$

(87,492)

 

$

3,992 

 

$

(91,484)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13-Week Period Ended Mar. 29, 2014

   

 

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 

 

 

1,554 

 

 

2,492 

Total reclassification adjustments

 

 

 

 

6,874 

 

 

2,640 

 

 

4,234 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation:

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

 

N/A

 

 

(35,397)

 

 

 -

 

 

(35,397)

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps:

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

 

 

Amortization of cash flow hedges

 

Interest expense

 

 

157 

 

 

60 

 

 

97 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

 

 

Change in fair value of cash flow hedges

 

N/A

 

 

(64,025)

 

 

(24,586)

 

 

(39,439)

Total other comprehensive (loss) income

 

 

 

$

(92,391)

 

$

(21,886)

 

$

(70,505)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

39-Week Period Ended Mar. 28, 2015

   

 

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

 

$

8,458 

 

$

3,247 

 

$

5,211 

Amortization of actuarial loss (gain), net

 

Operating expenses

 

 

14,577 

 

 

5,598 

 

 

8,979 

Total reclassification adjustments

 

 

 

 

23,035 

 

 

8,845 

 

 

14,190 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation:

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

 

N/A

 

 

(260,997)

 

 

 -

 

 

(260,997)

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps:

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

 

 

Amortization of cash flow hedges

 

Interest expense

 

 

5,585 

 

 

2,144 

 

 

3,441 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

 

 

Change in fair value of cash flow hedges

 

N/A

 

 

(55,374)

 

 

(21,263)

 

 

(34,111)

Total other comprehensive (loss) income

 

 

 

$

(287,751)

 

$

(10,274)

 

$

(277,477)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

39-Week Period Ended Mar. 29, 2014

   

 

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

 

$

8,484 

 

$

3,257 

 

$

5,227 

Amortization of actuarial loss (gain), net

 

Operating expenses

 

 

12,138 

 

 

4,663 

 

 

7,475 

Total reclassification adjustments

 

 

 

 

20,622 

 

 

7,920 

 

 

12,702 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation:

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustment

 

N/A

 

 

(43,537)

 

 

 -

 

 

(43,537)

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps:

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustments:

 

 

 

 

 

 

 

 

 

 

 

Amortization of cash flow hedges

 

Interest expense

 

 

469 

 

 

180 

 

 

289 

Other comprehensive income before
    reclassification adjustments:

 

 

 

 

 

 

 

 

 

 

 

Change in fair value of cash flow hedges

 

N/A

 

 

(64,025)

 

 

(24,586)

 

 

(39,439)

Total other comprehensive income (loss)

 

 

 

$

(86,471)

 

$

(16,486)

 

$

(69,985)

 

Rollforward of accumulated other comprehensive (loss) income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

39-Week Period Ended Mar. 28, 2015

 

 

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. 28, 2014

 

$

(685,957)

 

$

134,452 

 

$

(91,158)

 

$

(642,663)

Other comprehensive income before
    reclassification adjustments

 

 

 -

 

 

(260,997)

 

 

 -

 

 

(260,997)

Amortization of cash flow hedges

 

 

 -

 

 

 -

 

 

3,441 

 

 

3,441 

Change in fair value of cash flow hedges

 

 

 -

 

 

 -

 

 

(34,111)

 

 

(34,111)

Amortization of unrecognized prior service cost

 

 

5,211 

 

 

 -

 

 

 -

 

 

5,211 

Amortization of unrecognized net actuarial losses

 

 

8,979 

 

 

 -

 

 

 -

 

 

8,979 

Balance as of Mar. 28, 2015

 

$

(671,767)

 

$

(126,545)

 

$

(121,828)

 

$

(920,140)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

39-Week Period Ended Mar. 29, 2014

 

 

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

 

 

 -

 

 

(43,537)

 

 

(39,439)

 

 

(82,976)

Amounts reclassified from accumulated
    other comprehensive loss

 

 

12,702 

 

 

 -

 

 

289 

 

 

12,991 

Balance as of Mar. 29, 2014

 

$

(562,465)

 

$

94,021 

 

$

(48,478)

 

$

(516,922)