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Other Comprehensive Income (Tables)
6 Months Ended
Dec. 26, 2015
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Summary of components of other comprehensive (loss) income and related tax effects
A summary of the components of other comprehensive income (loss) and the related tax effects for each of the periods presented is as follows: 
 
 
 
 
13-Week Period Ended Dec. 26, 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
 
$
2,784

 
$
1,069

 
$
1,715

Amortization of actuarial loss (gain), net
Operating expenses
 
5,317

 
2,042

 
3,275

Total reclassification adjustments
 
 
8,101

 
3,111

 
4,990

Foreign currency translation:
 
 
 
 
 
 
 
Other comprehensive income before
    reclassification adjustments:
 
 
 
 
 
 
 
Foreign currency translation adjustment
N/A
 
(44,453
)
 

 
(44,453
)
Interest rate swaps:
 
 
 
 
 
 
 
Reclassification adjustments:
 
 
 
 
 
 
 
Amortization of cash flow hedges
Interest expense
 
2,962

 
1,137

 
1,825

Total other comprehensive (loss) income
 
 
$
(33,390
)
 
$
4,248

 
$
(37,638
)
 
 
 
 
 
13-Week Period Ended Dec. 27, 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
 
$
2,819

 
$
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
 
(91,853
)
 

 
(91,853
)
Interest rate swaps:
 
 
 
 
 
 
 
Reclassification adjustments:
 
 
 
 
 
 
 
Amortization of cash flow hedges
Interest expense
 
2,660

 
1,021

 
1,639

Total other comprehensive (loss) income
 
 
$
(81,515
)
 
$
3,969

 
$
(85,484
)
 
 
 
 
26-Week Period Ended Dec. 26, 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
 
$
5,568

 
$
2,138

 
$
3,430

Amortization of actuarial loss (gain), net
Operating expenses
 
10,634

 
4,084

 
6,550

Total reclassification adjustments
 
 
16,202

 
6,222

 
9,980

Foreign currency translation:
 
 
 
 
 
 
 
Other comprehensive income before
    reclassification adjustments:
 
 
 
 
 
 
 
Foreign currency translation adjustment
N/A
 
(131,682
)
 

 
(131,682
)
Interest rate swaps:
 
 
 
 
 
 
 
Reclassification adjustments:
 
 
 
 
 
 
 
Amortization of cash flow hedges
Interest expense
 
5,682

 
2,181

 
3,501

Change in fair value of cash flow hedge
N/A
 
(6,134
)
 
(2,355
)
 
(3,779
)
Total other comprehensive (loss) income
 
 
$
(115,932
)
 
$
6,048

 
$
(121,980
)

 
 
 
 
26-Week Period Ended Dec. 27, 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
 
$
5,638

 
$
2,164

 
$
3,474

Amortization of actuarial loss (gain), net
Operating expenses
 
9,718

 
3,732

 
$
5,986

Total reclassification adjustments
 
 
15,356

 
5,896

 
9,460

Foreign currency translation:
 
 
 
 
 
 
 
Other comprehensive income before
    reclassification adjustments:
 
 
 
 
 
 
 
Foreign currency translation adjustment
N/A
 
(163,107
)
 

 
(163,107
)
Interest rate swaps:
 
 
 
 
 
 
 
Reclassification adjustments:
 
 
 
 
 
 
 
Amortization of cash flow hedges
Interest expense
 
2,865

 
1,100

 
1,765

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
 
 
$
(200,260
)
 
$
(14,267
)
 
$
(185,993
)
Rollforward of accumulated other comprehensive (loss) income
The following tables provide a summary of the changes in accumulated other comprehensive (loss) income for the periods presented:
 
26-Week Period Ended Dec. 26, 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. 27, 2015
$
(705,311
)
 
$
(97,733
)
 
$
(120,153
)
 
$
(923,197
)
Other comprehensive income before
    reclassification adjustments

 
(131,682
)
 

 
(131,682
)
Amortization of cash flow hedges

 

 
3,501

 
3,501

Change in fair value of cash flow hedges

 

 
(3,779
)
 
(3,779
)
Amortization of unrecognized prior service cost
3,430

 

 

 
3,430

Amortization of unrecognized net actuarial losses
6,550

 

 

 
6,550

Balance as of Dec. 26, 2015
$
(695,331
)
 
$
(229,415
)
 
$
(120,431
)
 
$
(1,045,177
)
 
 
26-Week Period Ended Dec. 27, 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. 28, 2014
$
(685,957
)
 
$
134,452

 
$
(91,158
)
 
$
(642,663
)
Other comprehensive income before
    reclassification adjustments

 
(163,107
)
 

 
(163,107
)
Amortization of cash flow hedges

 

 
1,765

 
1,765

Change in fair value of cash flow hedges

 

 
(34,111
)
 
(34,111
)
Amortization of unrecognized prior service cost
3,474

 

 

 
3,474

Amortization of unrecognized net actuarial losses
5,986

 

 

 
5,986

Balance as of Dec. 27, 2014
$
(676,497
)
 
$
(28,655
)
 
$
(123,504
)
 
$
(828,656
)