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CHANGES IN CONSOLIDATED SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Cash flow hedging
Net investment hedging
Common Stock
Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Cash flow hedging
Accumulated Other Comprehensive Loss
Net investment hedging
Treasury Stock
Beginning balance, shareholders' equity at Jul. 02, 2016 $ 3,479,608     $ 765,175 $ 1,281,140 $ 9,006,138 $ (1,358,118)     $ (6,214,727)
Beginning balance, shareholders' equity (in shares) at Jul. 02, 2016       765,174,900           205,577,484
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net earnings 1,142,503         1,142,503        
Foreign currency translation adjustment (11,243)           (11,243)      
Amortization of cash flow hedges, net of tax 7,082 $ 7,082         7,082      
Amortization of cash flow hedges, net of tax   (6,698) $ (24,012)         $ (6,698) $ (24,012)  
Reclassification of pension and other postretirement benefit plans amounts to net earnings, net of tax 32,969           32,969      
Actuarial (loss) gain 97,283           97,283      
Change in marketable securities 0                  
Dividends declared (700,886)         (700,886)        
Treasury stock purchases (1,886,121)                 $ (1,886,121)
Treasury stock purchases (in shares)                   36,224,078
Increase in ownership interest in subsidiaries (39,991)       (39,991)          
Share-based compensation awards 291,022       86,217         $ 204,805
Share-based compensation awards (in shares)                   (6,665,863)
Ending balance, shareholders' equity at Jul. 01, 2017 2,381,516     $ 765,175 1,327,366 9,447,755 (1,262,737)     $ (7,896,043)
Ending balance, shareholders' equity (in shares) at Jul. 01, 2017       765,174,900           235,135,699
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Reclassification of accumulated other comprehensive loss to retained earnings [1] 0         236,445 (236,445)      
Net earnings 1,430,766         1,430,766        
Foreign currency translation adjustment (22,987)           (22,987)      
Amortization of cash flow hedges, net of tax 8,240 8,240         8,240      
Amortization of cash flow hedges, net of tax   14,343 $ 5,791         14,343 $ 5,791  
Reclassification of pension and other postretirement benefit plans amounts to net earnings, net of tax 32,015           32,015      
Actuarial (loss) gain 52,511           52,511      
Change in marketable securities 0                  
Dividends declared (735,266)         (735,266)        
Treasury stock purchases (956,502)                 $ (956,502)
Treasury stock purchases (in shares)                   17,473,973
Increase in ownership interest in subsidiaries (31,072)         (31,072)        
Share-based compensation awards 327,602       56,253         $ 271,349
Share-based compensation awards (in shares)                   (8,076,424)
Ending balance, shareholders' equity at Jun. 30, 2018 2,506,957     $ 765,175 1,383,619 10,348,628 (1,409,269)     $ (8,581,196)
Ending balance, shareholders' equity (in shares) at Jun. 30, 2018       765,174,900           244,533,248
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net earnings 1,674,271         1,674,271        
Foreign currency translation adjustment (119,126)           (119,126)      
Amortization of cash flow hedges, net of tax 8,620           8,620      
Change in cash flow hedges (4,062) $ (4,062)           $ (4,062)    
Change in net investment hedges 43,839           43,839      
Reclassification of pension and other postretirement benefit plans amounts to net earnings, net of tax 32,516           32,516      
Actuarial (loss) gain (155,074)           (155,074)      
Change in marketable securities 2,827           2,827      
Dividends declared (793,220)         (793,220)        
Treasury stock purchases (1,021,881)                 $ (1,021,881)
Treasury stock purchases (in shares)                   14,960,390
Increase in ownership interest in subsidiaries (54,877)       (54,877)          
Share-based compensation awards 381,813       128,677         $ 253,136
Share-based compensation awards (in shares)                   (7,195,712)
Ending balance, shareholders' equity at Jun. 29, 2019 $ 2,502,603     $ 765,175 $ 1,457,419 $ 11,229,679 $ (1,599,729)     $ (9,349,941)
Ending balance, shareholders' equity (in shares) at Jun. 29, 2019       765,174,900           252,297,926
[1]
Deferred taxes stranded in accumulated other comprehensive income (AOCI) as a result of the Tax Cuts and Jobs Act of 2017 (the Tax Act) were reclassified to retained earnings as a result of early adopting Accounting Standards Update (ASU) 2018-02.