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CHANGES IN CONSOLIDATED SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Cash flow hedging
Net investment hedging
Common Stock
Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
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. 01, 2017 $ 2,381,516       $ 765,175 $ 1,327,366 $ 9,447,755   $ (1,262,737)     $ (7,896,043)
Beginning balance, shareholders' equity (in shares) at Jul. 01, 2017         765,174,900             235,135,699
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net earnings 1,430,766           1,430,766          
Reclass of accumulated other comprehensive loss to retained earnings [1]             236,445   (236,445)      
Foreign currency translation adjustment (22,987)               (22,987)      
Amortization of cash flow hedges, net of tax 8,240               8,240      
Amortization of cash flow hedges, net of tax     $ 14,343 $ 5,791           $ 14,343 $ 5,791  
Change in cash flow hedges 14,343                      
Change in net investment hedges 5,791                      
Reclassification of pension and other postretirement benefit plans amounts to net earnings, net of tax 32,015               32,015      
Pension funded status adjustment, net of tax 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
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201602Member                      
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      
Amortization of cash flow hedges, net of tax     (4,062) $ 43,839           (4,062) $ 43,839  
Change in cash flow hedges (4,062)                      
Change in net investment hedges 43,839                      
Reclassification of pension and other postretirement benefit plans amounts to net earnings, net of tax 32,516               32,516      
Pension funded status adjustment, net of tax (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 $ 1,978     $ 765,175 1,457,419 11,229,679 $ 1,978 (1,599,729)     $ (9,349,941)
Ending balance, shareholders' equity (in shares) at Jun. 29, 2019         765,174,900             252,297,926
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net earnings 215,475           215,475          
Foreign currency translation adjustment (112,215)               (112,215)      
Amortization of cash flow hedges, net of tax 8,620               8,620      
Change in cash flow hedges (7,257)   $ (7,257)             $ (7,257)    
Change in net investment hedges 43,529               43,529      
Reclassification of pension and other postretirement benefit plans amounts to net earnings, net of tax 44,646               44,646      
Pension funded status adjustment, net of tax (92,743)               (92,743)      
Change in marketable securities 4,268               4,268      
Dividends declared (884,124)           (884,124)          
Treasury stock purchases (843,251)                     $ (843,251)
Treasury stock purchases (in shares)                       11,030,287,000
Share-based compensation awards 277,084         49,482           $ 227,602
Share-based compensation awards (in shares)                       (6,412,388,000)
Ending balance, shareholders' equity at Jun. 27, 2020 $ 1,158,613       $ 765,175 $ 1,506,901 $ 10,563,008   $ (1,710,881)     $ (9,965,590)
Ending balance, shareholders' equity (in shares) at Jun. 27, 2020         765,174,900,000             256,915,825,000
[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.