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Other Comprehensive Income (Tables)
3 Months Ended
Oct. 01, 2016
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 Oct. 1, 2016
 
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
 
$
2,844

 
$
1,092

 
$
1,752

Amortization of actuarial loss (gain), net
Operating expenses
 
12,721

 
3,931

 
8,790

Prior service cost arising in current year
Operating expenses
 
738

 

 
738

Total reclassification adjustments
 
 
16,303

 
5,023

 
11,280

Foreign currency translation:
 
 
 
 
 
 
 
Other comprehensive income before
    reclassification adjustments:
 
 
 
 
 
 
 
Foreign currency translation adjustment
N/A
 
(89,553
)
 

 
(89,553
)
Interest rate swaps:
 
 
 
 
 
 
 
Reclassification adjustments:
 
 
 
 
 
 
 
Gains and losses on cash flow hedges
Interest expense
 
2,873

 
1,103

 
1,770

Change in fair value of cash flow hedge
N/A
 
(319
)
 

 
(319
)
Total other comprehensive (loss) income
 
 
$
(70,696
)
 
$
6,126

 
$
(76,822
)
 
 
 
 
 
13-Week Period Ended Sep. 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
 
(87,229
)
 

 
(87,229
)
Interest rate swaps:
 
 
 
 
 
 
 
Reclassification adjustments:
 
 
 
 
 
 
 
Gains and losses on cash flow hedges
Interest expense
 
2,720

 
1,044

 
1,676

Change in fair value of cash flow hedges
N/A
 
(6,134
)
 
(2,356
)
 
(3,778
)
Total other comprehensive (loss) income
 
 
$
(82,542
)
 
$
1,799

 
$
(84,341
)
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:
 
13-Week Period Ended Oct. 1, 2016
 
Pension and Other Postretirement Benefit Plans,
net of tax
 
Foreign Currency Translation
 
Interest Rate Swaps,
net of tax
 
Total
 
(In thousands)
Balance as of Jul. 2, 2016
$
(1,104,484
)
 
$
(136,813
)
 
$
(116,821
)
 
$
(1,358,118
)
Equity adjustment from foreign currency translation

 
(89,553
)
 

 
(89,553
)
Other comprehensive income before
    reclassification adjustments

 

 

 

Gains and losses on cash flow hedges

 

 
1,770

 
1,770

Change in fair value of cash flow hedges

 

 
(319
)
 
(319
)
Prior service cost arising in current year
738

 

 

 
738

Amortization of unrecognized prior service cost
1,752

 

 

 
1,752

Amortization of unrecognized net actuarial losses
8,790

 

 

 
8,790

Balance as of Oct. 1, 2016
$
(1,093,204
)
 
$
(226,366
)
 
$
(115,370
)
 
$
(1,434,940
)
 
 
13-Week Period Ended Sep. 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

 
(87,229
)
 

 
(87,229
)
Gains and losses on cash flow hedges

 

 
1,676

 
1,676

Change in fair value of cash flow hedges

 

 
(3,778
)
 
(3,778
)
Amortization of unrecognized prior service cost
1,715

 

 

 
1,715

Amortization of unrecognized net actuarial losses
3,274

 

 

 
3,274

Balance as of Sep. 26, 2015
$
(700,322
)
 
$
(184,962
)
 
$
(122,255
)
 
$
(1,007,539
)