OTHER COMPREHENSIVE INCOME (Tables)

3 Months Ended

Sep. 30, 2023

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule 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 Sep. 30, 2023
	Location of Expense (Income) Recognized in Net Earnings	Before Tax Amount		Tax		Net of Tax Amount
		(In thousands)
Pension and other postretirement benefit plans:
Other comprehensive income before reclassification adjustments:
Net actuarial gain, arising in the current year	Other expense, net	$	672	$	169	$	503
Total other comprehensive income before reclassification adjustments		672		169		503
Reclassification adjustments:
Amortization of prior service cost	Other expense, net	195		49		146
Amortization of actuarial loss, net	Other expense, net	6,641		1,659		4,982
Total reclassification adjustments		6,836		1,708		5,128
Foreign currency translation:
Foreign currency translation adjustment	N/A	(108,194)		—		(108,194)
Marketable securities:
Change in marketable securities (1)	N/A	(1,196)		(251)		(945)
Hedging instruments:
Other comprehensive income (loss) before reclassification adjustments:
Change in excluded component of fair value   hedge	Other expense, net	(26)		(6)		(20)
Change in cash flow hedges	Operating expenses (2)	34,215		7,067		27,148
Total other comprehensive income (loss) before reclassification adjustments		34,189		7,061		27,128
Reclassification adjustments:
Amortization of cash flow hedges	Interest expense	2,893		723		2,170
Total other comprehensive income (loss)		$	(64,800)	$	9,410	$	(74,210)

(1)	Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in the first quarter of fiscal 2024.
(2)	Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges.

		13-Week Period Ended Oct. 1, 2022
	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	Other expense, net	$	99	$	25	$	74
Amortization of actuarial loss, net	Other expense, net	9,186		2,295		6,891
Total reclassification adjustments		9,285		2,320		6,965
Foreign currency translation:
Foreign currency translation adjustment	N/A	(232,182)		—		(232,182)
Marketable securities:
Change in marketable securities (1)	N/A	(4,212)		(884)		(3,328)
Hedging instruments:
Other comprehensive income (loss) before reclassification adjustments:
Change in cash flow hedges	Operating expenses (2)	(36,009)		(9,619)		(26,390)
Change in net investment hedges	N/A	31,346		7,837		23,509
Total other comprehensive income before reclassification adjustments		(4,663)		(1,782)		(2,881)
Reclassification adjustments:
Amortization of cash flow hedges	Interest expense	2,874		719		2,155
Total other comprehensive income (loss)		$	(228,898)	$	373	$	(229,271)

(1)	Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in the first quarter of fiscal 2023.
(2)	Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges.

Schedule of 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 Sep. 30, 2023
	Pension and Other Postretirement Benefit Plans, net of tax		Foreign Currency Translation		Hedging, net of tax		Marketable Securities, net of tax		Total
	(In thousands)
Balance as of Jul. 1, 2023	$	(839,541)	$	(374,290)	$	(31,966)	$	(6,793)	$	(1,252,590)
Net actuarial loss arising in the current year	503		—		—		—		503
Equity adjustment from foreign currency translation	—		(108,194)		—		—		(108,194)
Amortization of cash flow hedges	—		—		2,170		—		2,170
Change in excluded component of fair value hedge	—		—		(20)		—		(20)
Change in cash flow hedge	—		—		27,148		—		27,148
Amortization of unrecognized prior service cost	146		—		—		—		146
Amortization of unrecognized net actuarial losses	4,982		—		—		—		4,982
Change in marketable securities	—		—		—		(945)		(945)
Balance as of Sep. 30, 2023	$	(833,910)	$	(482,484)	$	(2,668)	$	(7,738)	$	(1,326,800)

	13-Week Period Ended Oct. 1, 2022
	Pension and Other Postretirement Benefit Plans, net of tax		Foreign Currency Translation		Hedging, net of tax		Marketable Securities		Total
	(In thousands)
Balance as of Jul. 2, 2022	$	(1,011,335)	$	(501,517)	$	35,770	$	(4,972)	$	(1,482,054)
Equity adjustment from foreign currency translation	—		(232,182)		—		—		(232,182)
Amortization of cash flow hedges	—		—		2,155		—		2,155
Change in net investment hedges	—		—		23,509		—		23,509
Change in cash flow hedge	—		—		(26,390)		—		(26,390)
Amortization of unrecognized prior service cost	74		—		—		—		74
Amortization of unrecognized net actuarial losses	6,891		—		—		—		6,891
Change in marketable securities	—		—		—		(3,328)		(3,328)
Balance as of Oct. 1, 2022	$	(1,004,370)	$	(733,699)	$	35,044	$	(8,300)	$	(1,711,325)