Derivative Financial Instruments (Tables)

3 Months Ended

Oct. 01, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of outstanding swap agreements

Details of outstanding swap agreements as of October 1, 2016 are below:

Maturity Date of Swap	Notional Value (in millions)		Fixed Coupon Rate on Hedged Debt		Floating Interest Rate on Swap	Floating Rate Reset Terms
February 12, 2018	$	500	5.25	%	Six-month LIBOR	Every six months in arrears
April 1, 2019	$	500	1.90	%	Three-month LIBOR	Every three months in advance
October 1, 2020	$	750	2.60	%	Three-month LIBOR	Every three months in advance
July 15, 2021	$	500	2.50	%	Three-month LIBOR	Every three months in advance

Derivatives balance sheet location table

The location and the fair value of derivative instruments designated as hedges in the consolidated balance sheet as of October 1, 2016, July 2, 2016 and September 26, 2015 are as follows:

		Derivative Fair Value
	Balance Sheet location	Oct. 1, 2016		Sep. 26, 2015		Jul. 2, 2016
		(In thousands)
Fair value hedges:
Interest rate swap agreements	Other assets	$	18,935	$	8,219	$	36,805
Cash Flow Hedges:
Foreign currency forwards	Other assets	$	873	$	—	$	—
Fuel hedges	Other long-term liabilities	618		—		—
Cross currency swaps	Other long-term liabilities	3,184		—		—
Net Investment Hedges:
Foreign currency swaps	Other assets	$	3,979	$	—	$	—
Foreign currency swaps	Other long-term liabilities	10,695		—		—

Derivatives financial statement performance table

The location and effect of derivative instruments and related hedged items on the consolidated results of operations for the 13-week periods ended October 1, 2016 and September 26, 2015 presented on a pretax basis are as follows:

	Location of (Gain) or Loss Recognized	Amount of (Gain) or Loss Recognized
		13-Week Period Ended
		Oct. 1, 2016			Sep. 26, 2015
		(In thousands)
Fair Value Hedge Relationships:
Interest rate swap agreements	Interest expense	$	(3,400	)	$	(1,997	)