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Other Comprehensive Income | 6 Months Ended
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Dec. 26, 2015
Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Other Comprehensive Income | OTHER COMPREHENSIVE INCOME Comprehensive income is net earnings plus certain other items that are recorded directly to shareholders’ equity, such as foreign currency translation adjustment, amounts related to cash flow hedging arrangements and certain amounts related to pension and other postretirement plans. Comprehensive income was $234.8 million and $72.5 million for the second quarter of fiscal 2016 and fiscal 2015, respectively. Comprehensive income was $394.8 million and $250.8 million for the first 26 weeks of fiscal 2016 and 2015, respectively. 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 Dec. 26, 2015
| 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 | Operating expenses |  | $ | 2,784 |  |  | $ | 1,069 |  |  | $ | 1,715 |
Amortization of actuarial loss (gain), net | Operating expenses |  | 5,317 |  |  | 2,042 |  |  | 3,275 |
Total reclassification adjustments |  |  | 8,101 |  |  | 3,111 |  |  | 4,990 |
Foreign currency translation: |  |  |  |  |  |  |
Other comprehensive income before reclassification adjustments: |  |  |  |  |  |  |
Foreign currency translation adjustment | N/A |  | (44,453 | ) |  | — |  |  | (44,453 | )
Interest rate swaps: |  |  |  |  |  |  |
Reclassification adjustments: |  |  |  |  |  |  |
Amortization of cash flow hedges | Interest expense |  | 2,962 |  |  | 1,137 |  |  | 1,825 |
Total other comprehensive (loss) income |  |  | $ | (33,390 | ) |  | $ | 4,248 |  |  | $ | (37,638 | )
|  |  | 13-Week Period Ended Dec. 27, 2014
| 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 | Operating expenses |  | $ | 2,819 |  |  | $ | 1,082 |  |  | $ | 1,737 |
Amortization of actuarial loss (gain), net | Operating expenses |  | 4,859 |  |  | 1,866 |  |  | 2,993 |
Total reclassification adjustments |  |  | 7,678 |  |  | 2,948 |  |  | 4,730 |
Foreign currency translation: |  |  |  |  |  |  |
Other comprehensive income before reclassification adjustments: |  |  |  |  |  |  |
Foreign currency translation adjustment | N/A |  | (91,853 | ) |  | — |  |  | (91,853 | )
Interest rate swaps: |  |  |  |  |  |  |
Reclassification adjustments: |  |  |  |  |  |  |
Amortization of cash flow hedges | Interest expense |  | 2,660 |  |  | 1,021 |  |  | 1,639 |
Total other comprehensive (loss) income |  |  | $ | (81,515 | ) |  | $ | 3,969 |  |  | $ | (85,484 | )
|  |  | 26-Week Period Ended Dec. 26, 2015
| 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 | Operating expenses |  | $ | 5,568 |  |  | $ | 2,138 |  |  | $ | 3,430 |
Amortization of actuarial loss (gain), net | Operating expenses |  | 10,634 |  |  | 4,084 |  |  | 6,550 |
Total reclassification adjustments |  |  | 16,202 |  |  | 6,222 |  |  | 9,980 |
Foreign currency translation: |  |  |  |  |  |  |
Other comprehensive income before reclassification adjustments: |  |  |  |  |  |  |
Foreign currency translation adjustment | N/A |  | (131,682 | ) |  | — |  |  | (131,682 | )
Interest rate swaps: |  |  |  |  |  |  |
Reclassification adjustments: |  |  |  |  |  |  |
Amortization of cash flow hedges | Interest expense |  | 5,682 |  |  | 2,181 |  |  | 3,501 |
Change in fair value of cash flow hedge | N/A |  | (6,134 | ) |  | (2,355 | ) |  | (3,779 | )
Total other comprehensive (loss) income |  |  | $ | (115,932 | ) |  | $ | 6,048 |  |  | $ | (121,980 | )
|  |  | 26-Week Period Ended Dec. 27, 2014
| 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 | Operating expenses |  | $ | 5,638 |  |  | $ | 2,164 |  |  | $ | 3,474 |
Amortization of actuarial loss (gain), net | Operating expenses |  | 9,718 |  |  | 3,732 |  |  | $ | 5,986 |
Total reclassification adjustments |  |  | 15,356 |  |  | 5,896 |  |  | 9,460 |
Foreign currency translation: |  |  |  |  |  |  |
Other comprehensive income before reclassification adjustments: |  |  |  |  |  |  |
Foreign currency translation adjustment | N/A |  | (163,107 | ) |  | — |  |  | (163,107 | )
Interest rate swaps: |  |  |  |  |  |  |
Reclassification adjustments: |  |  |  |  |  |  |
Amortization of cash flow hedges | Interest expense |  | 2,865 |  |  | 1,100 |  |  | 1,765 |
Other comprehensive income before reclassification adjustments: |  |  |  |  |  |  |
Change in fair value of cash flow hedges | N/A |  | (55,374 | ) |  | (21,263 | ) |  | (34,111 | )
Total other comprehensive (loss) income |  |  | $ | (200,260 | ) |  | $ | (14,267 | ) |  | $ | (185,993 | )
The following tables provide a summary of the changes in accumulated other comprehensive (loss) income for the periods presented:
| 26-Week Period Ended Dec. 26, 2015
| Pension and Other Postretirement Benefit Plans, net of tax |  | Foreign Currency Translation |  | Interest Rate Swaps, net of tax |  | Total
| (In thousands)
Balance as of Jun. 27, 2015 | $ | (705,311 | ) |  | $ | (97,733 | ) |  | $ | (120,153 | ) |  | $ | (923,197 | )
Other comprehensive income before reclassification adjustments | — |  |  | (131,682 | ) |  | — |  |  | (131,682 | )
Amortization of cash flow hedges | — |  |  | — |  |  | 3,501 |  |  | 3,501 |
Change in fair value of cash flow hedges | — |  |  | — |  |  | (3,779 | ) |  | (3,779 | )
Amortization of unrecognized prior service cost | 3,430 |  |  | — |  |  | — |  |  | 3,430 |
Amortization of unrecognized net actuarial losses | 6,550 |  |  | — |  |  | — |  |  | 6,550 |
Balance as of Dec. 26, 2015 | $ | (695,331 | ) |  | $ | (229,415 | ) |  | $ | (120,431 | ) |  | $ | (1,045,177 | )
| 26-Week Period Ended Dec. 27, 2014
| Pension and Other Postretirement Benefit Plans, net of tax |  | Foreign Currency Translation |  | Interest Rate Swaps, net of tax |  | Total
| (In thousands)
Balance as of Jun. 28, 2014 | $ | (685,957 | ) |  | $ | 134,452 |  |  | $ | (91,158 | ) |  | $ | (642,663 | )
Other comprehensive income before reclassification adjustments | — |  |  | (163,107 | ) |  | — |  |  | (163,107 | )
Amortization of cash flow hedges | — |  |  | — |  |  | 1,765 |  |  | 1,765 |
Change in fair value of cash flow hedges | — |  |  | — |  |  | (34,111 | ) |  | (34,111 | )
Amortization of unrecognized prior service cost | 3,474 |  |  | — |  |  | — |  |  | 3,474 |
Amortization of unrecognized net actuarial losses | 5,986 |  |  | — |  |  | — |  |  | 5,986 |
Balance as of Dec. 27, 2014 | $ | (676,497 | ) |  | $ | (28,655 | ) |  | $ | (123,504 | ) |  | $ | (828,656 | )

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e689-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669619-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e640-108580 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e716-108580 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e709-108580 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e637-108580 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e681-108580 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Reclassification Adjustments -URI http://asc.fasb.org/extlink&oid=6522872 + Details
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