XML 100 R84.htm IDEA: XBRL DOCUMENT v3.23.2
COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS - Funded Status (Details) - USD ($)
$ in Thousands
12 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 03, 2021
Change in plan assets:      
Cash surrender value of corporate-owned life insurance $ 160,400 $ 162,300  
Accumulated other comprehensive loss (income)      
Prior service cost 3,803 1,157  
Actuarial losses (gains) 1,171,711 1,398,305  
Total 1,175,514 1,399,462  
Other Postretirement Plans      
Change in benefit obligation:      
Benefit obligation at beginning of year 8,100    
Benefit obligation at end of year 7,300 8,100  
Change in plan assets:      
Cash surrender value of corporate-owned life insurance 91,200 92,600  
Pension Benefits and SERP | United States      
Change in benefit obligation:      
Benefit obligation at beginning of year 3,920,672 5,000,998  
Service cost 8,109 13,490  
Interest cost 170,149 152,401  
Amendments 2,884 0  
Curtailments 0 0  
Actuarial gain, net (300,256) (1,081,865)  
Benefit payments (127,182) (164,352)  
Settlements (694,998) 0  
Benefit obligation at end of year 2,979,378 3,920,672 $ 5,000,998
Change in plan assets:      
Fair value of plan assets at beginning of year 3,633,167 4,654,763  
Actual return on plan assets (198,874) (888,805)  
Employer contribution 29,155 31,561  
Benefit payments (127,182) (164,352)  
Settlements (694,998) 0  
Fair value of plan assets at end of year 2,641,268 3,633,167 4,654,763
Funded status at end of year (338,110) (287,505)  
Accumulated benefit obligations/aggregate benefit obligation in excess of fair value of plan assets      
Accumulated benefit obligation/aggregate benefit obligation 348,165 382,334  
Fair value of plan assets at end of year 0 0  
Pension Benefits      
Change in plan assets:      
Employer contribution 50,200 52,800  
Pension Benefits | United States      
Change in benefit obligation:      
Service cost 8,109 13,490 16,472
Interest cost 170,149 152,401 145,299
Change in plan assets:      
Fair value of plan assets at beginning of year 3,633,167    
Fair value of plan assets at end of year 2,641,268 3,633,167  
Amounts recognized in the balance sheets      
Noncurrent assets (Other assets) 10,143 94,934  
Current accrued benefit liability (Accrued expenses) (32,138) (31,969)  
Noncurrent accrued benefit liability (Other long-term liabilities) (316,115) (350,470)  
Net amount recognized (338,110) (287,505)  
Accumulated other comprehensive loss (income)      
Prior service cost 2,545 54  
Actuarial losses (gains) 1,115,019 1,417,073  
Total 1,117,564 1,417,127  
Pension Benefits | International Plan      
Change in benefit obligation:      
Benefit obligation at beginning of year 288,523 434,451  
Service cost 2,182 3,101 3,288
Interest cost 10,184 7,456 6,810
Amendments 0 0  
Curtailments (841) (1,291)  
Actuarial gain, net (11,512) (93,717)  
Benefit payments (13,008) (13,882)  
Settlements 9,930 (47,595)  
Benefit obligation at end of year 285,458 288,523 434,451
Change in plan assets:      
Fair value of plan assets at beginning of year 241,884 319,616  
Actual return on plan assets (72,671) (48,710)  
Employer contribution 21,058 21,220  
Benefit payments (13,008) (13,882)  
Settlements 7,695 (36,360)  
Fair value of plan assets at end of year 184,958 241,884 $ 319,616
Funded status at end of year (100,500) (46,639)  
Amounts recognized in the balance sheets      
Noncurrent assets (Other assets) 0 5,116  
Current accrued benefit liability (Accrued expenses) (1,460) (1,399)  
Noncurrent accrued benefit liability (Other long-term liabilities) (99,040) (50,356)  
Net amount recognized (100,500) (46,639)  
Accumulated other comprehensive loss (income)      
Prior service cost 1,258 1,103  
Actuarial losses (gains) 56,692 (18,768)  
Total 57,950 (17,665)  
Accumulated benefit obligations/aggregate benefit obligation in excess of fair value of plan assets      
Accumulated benefit obligation/aggregate benefit obligation 280,429 46,895  
Fair value of plan assets at end of year 184,958 263  
Supplemental executive retirement plan      
Change in plan assets:      
Long-term defined benefit pension liabilities 348,300 382,400  
U.S Retirement Plan | United States      
Change in plan assets:      
Funded status at end of year $ 10,100 $ 94,900