XML 24 R12.htm IDEA: XBRL DOCUMENT v2.3.0.15
Employee Benefit Plans
3 Months Ended
Oct. 01, 2011
Employee Benefit Plans [Abstract] 
Employee Benefit Plans
6. EMPLOYEE BENEFIT PLANS
     The components of net company-sponsored benefit cost for the 13-week period presented are as follows:
                                 
    Pension Benefits     Other Postretirement Plans  
    October 1, 2011     October 2, 2010     October 1, 2011     October 2, 2010  
    (In thousands)  
Service cost
  $ 27,055     $ 24,861     $ 114     $ 99  
Interest cost
    36,879       33,744       158       131  
Expected return on plan assets
    (40,401 )     (32,980 )            
Amortization of prior service cost
    1,201       989       54       47  
Recognized net actuarial loss (gain)
    15,041       19,988       (83 )     (97 )
Amortization of transition obligation
                38       38  
 
                       
Net periodic benefit cost
  $ 39,775     $ 46,602     $ 281     $ 218  
 
                       
     Sysco's contributions to its company-sponsored defined benefit plans were $5.7 million and $5.0 million during the 13-week periods ended October 1, 2011 and October 2, 2010, respectively.
     The company made contributions of $140.0 million to its company-sponsored qualified pension plan (Retirement Plan) in fiscal 2011 that would normally have been made in fiscal 2012. Additional contributions to the Retirement Plan are not currently anticipated in fiscal 2012; however, management will evaluate the funding position at the end of fiscal 2012 and select the timing for a contribution at that time. The company's contributions to the Supplemental Executive Retirement Plan (SERP) and other post-retirement plans are made in the amounts needed to fund current year benefit payments. The estimated fiscal 2012 contributions to fund benefit payments for the SERP and other post-retirement plans are $23.1 million and $0.3 million, respectively.