XML 47 R33.htm IDEA: XBRL DOCUMENT v3.25.1
OTHER COMPREHENSIVE INCOME (Tables)
9 Months Ended
Mar. 29, 2025
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Components of Other Comprehensive Income (Loss) 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 Mar. 29, 2025
 Location of
Expense (Income) Recognized in
Net Earnings
Before Tax
Amount
TaxNet of Tax
Amount
  (In millions)
Foreign currency translation:
Foreign currency translation adjustmentN/A$136 $— $136 
Hedging instruments:
Other comprehensive income (loss) before reclassification adjustments:
Change in cash flow hedges
Operating expenses
4 1 3 
Change in net investment hedges N/A(8)(2)(6)
Total other comprehensive income before reclassification adjustments(4)(1)(3)
Reclassification adjustments:    
Amortization of cash flow hedgesInterest expense1 — 1 
Pension and other postretirement benefit plans:    
Reclassification adjustments:    
Amortization of actuarial loss, netOther expense (income), net7 2 5 
Total reclassification adjustments7 2 5 
Marketable securities:
   Change in marketable securities
Other expense (income), net2 — 2 
Total other comprehensive income (loss)$142 $1 $141 
  13-Week Period Ended Mar. 30, 2024
 Location of
Expense (Income) Recognized in
Net Earnings
Before Tax
Amount
TaxNet of Tax
Amount
  (In millions)
Foreign currency translation:
Foreign currency translation adjustmentN/A$(67)$— $(67)
Hedging instruments:
Other comprehensive income before reclassification adjustments:
Change in cash flow hedgesOperating expenses15 2 13 
Change in net investment hedgesN/A9 2 7 
Total other comprehensive (loss) before reclassification adjustments24 4 20 
Reclassification adjustments:
Amortization of cash flow hedgesInterest expense3 1 2 
Pension and other postretirement benefit plans:    
Reclassification adjustments:    
Amortization of actuarial loss, netOther expense (income), net7 2 5 
Total reclassification adjustments7 2 5 
Marketable securities:
Change in marketable securitiesOther expense (income), net(1)— (1)
Total other comprehensive income (loss)$(34)$7 $(41)
  39-Week Period Ended Mar. 29, 2025
 Location of
Expense (Income) Recognized in
Net Earnings
Before Tax
Amount
TaxNet of Tax
Amount
  (In millions)
Foreign currency translation:
Foreign currency translation adjustmentN/A$49 $— $49 
Hedging instruments:
Other comprehensive income (loss) before reclassification adjustments:
Change in excluded component of fair value
  hedge
Other expense (income), net(2)— (2)
Change in cash flow hedgesOperating expenses(9)(4)(5)
Change in net investment hedges N/A(4)(1)(3)
Total other comprehensive (loss) before reclassification adjustments(15)(5)(10)
Reclassification adjustments:
Amortization of cash flow hedgesInterest expense5 1 4 
Pension and other postretirement benefit plans:
Other comprehensive income before reclassification adjustments:
Net actuarial gain arising in the current year31 8 23 
Reclassification adjustments:
Amortization of actuarial loss, netOther expense (income), net21 6 15 
Total reclassification adjustments21 6 15 
Marketable securities:
Change in marketable securitiesOther expense (income), net3 — 3 
Total other comprehensive income (loss)$94 $10 $84 
  39-Week Period Ended Mar. 30, 2024
 Location of
Expense (Income) Recognized in
Net Earnings
Before Tax
Amount
TaxNet of Tax
Amount
  (In millions)
Foreign currency translation:
Foreign currency translation adjustmentN/A$(12)$— $(12)
Hedging instruments:
Other comprehensive (loss) before reclassification adjustments:
Change in cash flow hedgesOperating expenses24 5 19 
   Change in net investment hedges N/A(13)(3)(10)
Total other comprehensive (loss) before reclassification adjustments11 2 9 
Reclassification adjustments:
Amortization of cash flow hedgesInterest expense9 2 7 
Pension and other postretirement benefit plans:
Other comprehensive income before reclassification adjustments:
Net actuarial gain arising in the current year1 — 1 
Reclassification adjustments:
Amortization of actuarial loss, netOther expense (income), net20 5 15 
Total reclassification adjustments20 5 15 
Marketable securities:
Change in marketable securitiesOther expense (income), net3 1 2 
Total other comprehensive income$32 $10 $22 
Schedule of Rollforward of Accumulated Other Comprehensive (Loss) Income
The following tables provide a summary of the changes in accumulated other comprehensive (loss) income for the periods presented:
 13-Week Period Ended Mar. 29, 2025
 Foreign Currency TranslationHedging,
net of tax
Pension and Other Postretirement Benefit Plans,
net of tax
Marketable Securities, net of taxTotal
 (In millions)
Balance as of Dec. 28, 2024$(494)$(14)$(884)$(4)$(1,396)
Equity adjustment from foreign currency translation136 — — — 136 
Amortization of cash flow hedges— 1 — — 1 
Change in net investment hedges— (6)— — (6)
Change in cash flow hedges— 3 — — 3 
Amortization of unrecognized net actuarial losses— — 5 — 5 
Change in marketable securities— — — 2 2 
Balance as of Mar. 29, 2025$(358)$(16)$(879)$(2)$(1,255)


 13-Week Period Ended Mar. 30, 2024
 Foreign Currency TranslationHedging,
net of tax
Pension and Other Postretirement Benefit Plans,
net of tax
Marketable Securities, net of taxTotal
 (In millions)
Balance as of Dec. 30, 2023$(319)$(38)$(829)$(4)$(1,190)
Equity adjustment from foreign currency translation(67)— — — (67)
Amortization of cash flow hedges— 2 — — 2 
Change in net investment hedges— 7 — — 7 
Change in cash flow hedges— 13 — — 13 
Amortization of unrecognized net actuarial losses— — 5 — 5 
Change in marketable securities— — — (1)(1)
Balance as of Mar. 30, 2024$(386)$(16)$(824)$(5)$(1,231)
 39-Week Period Ended Mar. 29, 2025
 Foreign Currency TranslationHedging,
net of tax
Pension and Other Postretirement Benefit Plans,
net of tax
Marketable Securities,
net of tax
Total
 (In millions)
Balance as of Jun. 29, 2024$(407)$(10)$(917)$(5)$(1,339)
Equity adjustment from foreign currency translation49 — — — 49 
Amortization of cash flow hedges— 4 — — 4 
Change in net investment hedges— (3)— — (3)
Change in cash flow hedges— (5)— — (5)
Change in excluded component of fair value hedge— (2)— — (2)
Amortization of unrecognized net actuarial losses— — 15 — 15 
Net actuarial loss arising in the current year— — 23 — 23 
Change in marketable securities— — — 3 3 
Balance as of Mar. 29, 2025$(358)$(16)$(879)$(2)$(1,255)


 39-Week Period Ended Mar. 30, 2024
 Foreign Currency TranslationHedging,
net of tax
Pension and Other Postretirement Benefit Plans,
net of tax
Marketable Securities, net of taxTotal
 (In millions)
Balance as of Jul. 1, 2023$(374)$(32)$(840)$(7)$(1,253)
Equity adjustment from foreign currency translation(12)— — — (12)
Amortization of cash flow hedges— 7 — — 7 
Change in net investment hedges— (10)— — (10)
Change in cash flow hedges— 19 — — 19 
Amortization of unrecognized net actuarial losses— — 15 — 15 
Net actuarial gain arising in the current year— — 1 — 1 
Change in marketable securities— — — 2 2 
Balance as of Mar. 30, 2024$(386)$(16)$(824)$(5)$(1,231)