XML 158 R35.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Pension and Retirement Plans (Tables) | 12 Months Ended
--- | ---
Jun. 29, 2013
Compensation and Retirement Disclosure [Abstract] |
Schedule of Defined Benefit Plans Disclosures | The following tables outline changes in benefit obligations, plan assets and the funded status of the Plan as of the end of fiscal 2013 and 2012:
| June 29, 2013 |  | June 30, 2012
| (Thousands)
Changes in benefit obligations: |  |  |
Benefit obligations at beginning of year | $ | 375,156 |  |  | $ | 297,527 |
Service cost | 36,920 |  |  | 28,380 |
Interest cost | 14,653 |  |  | 14,925 |
Plan amendments | — |  |  | 3,360 |
Actuarial (gain) loss | (13,545 | ) |  | 48,620 |
Benefits paid | (21,304 | ) |  | (17,656 | )
Benefit obligations at end of year | $ | 391,880 |  |  | $ | 375,156 |
Change in plan assets: |  |  |
Fair value of plan assets at beginning of year | $ | 301,449 |  |  | $ | 324,752 |
Actual return on plan assets | 45,228 |  |  | (5,647 | )
Benefits paid | (21,304 | ) |  | (17,656 | )
Contributions | 40,000 |  |  | — |
Fair value of plan assets at end of year | $ | 365,373 |  |  | $ | 301,449 |
Funded status of the plan recognized as a non-current liability | $ | (26,507 | ) |  | $ | (73,707 | )
Amounts recognized in accumulated other comprehensive income: |  |  |
Unrecognized net actuarial loss | $ | 173,069 |  |  | $ | 218,837 |
Unamortized prior service credit | (7,623 | ) |  | (9,196 | )
| $ | 165,446 |  |  | $ | 209,641 |
Other changes in plan assets and benefit obligations recognized in other comprehensive income: |  |  |
Net actuarial (gain) loss | $ | (30,870 | ) |  | $ | 81,206 |
Prior service cost | — |  |  | 3,360 |
Amortization of net actuarial loss | (14,898 | ) |  | (9,680 | )
Amortization of prior service credit | 1,573 |  |  | 1,875 |
| $ | (44,195 | ) |  | $ | 76,761 |
Weighted average assumptions used to calculate actuarial present values of benefit | Weighted average assumptions used to calculate actuarial present values of benefit obligations are as follows:
| 2013 |  | 2012
Discount rate | 4.50% |  | 4.00%
Weighted average assumptions used to determine net benefit costs | Weighted average assumptions used to determine net benefit costs are as follows:
| 2013 |  | 2012
Discount rate | 4.00% |  | 5.25%
Expected return on plan assets | 8.50% |  | 8.50%
Components of net periodic pension costs | Components of net periodic pension costs during the last three fiscal years are as follows:
| Years Ended
| June 29, 2013 |  | June 30, 2012 |  | July 2, 2011
| (Thousands)
Service cost | $ | 36,920 |  |  | $ | 28,380 |  |  | $ | 23,874 |
Interest cost | 14,653 |  |  | 14,925 |  |  | 13,918 |
Expected return on plan assets | (27,905 | ) |  | (26,938 | ) |  | (27,560 | )
Recognized net actuarial loss | 14,898 |  |  | 9,680 |  |  | 8,938 |
Amortization of prior service credit | (1,573 | ) |  | (1,875 | ) |  | (1,875 | )
Net periodic pension cost | $ | 36,993 |  |  | $ | 24,172 |  |  | $ | 17,295 |
Estimated future benefit payments | Benefit payments are expected to be paid to participants as follows for the next five fiscal years and the aggregate for the five years thereafter (in thousands):
2014 | $ | 28,436 |
2015 | 23,802 |
2016 | 27,310 |
2017 | 30,627 |
2018 | 34,448 |
2019 through 2023 | 240,710 |
Plan's assets are held in trust and were allocated | The following table sets forth by level, within the fair value hierarchy, the Plan's investments at fair value as of June 29, 2013.
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total
|  | (Thousands)
Cash and cash equivalents |  | $ | 3,032 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,032 |
Equities: |  |  |  |  |  |  |  |
U.S. common stocks |  | — |  |  | 219,225 |  |  | — |  |  | 219,225 |
International common stocks |  | — |  |  | 56,458 |  |  | — |  |  | 56,458 |
Fixed Income: |  |  |  |  |  |  |  |
U.S. government agencies |  | — |  |  | 10,004 |  |  | — |  |  | 10,004 |
U.S. corporate bonds |  | — |  |  | 76,654 |  |  | — |  |  | 76,654 |
Total |  | $ | 3,032 |  |  | $ | 362,341 |  |  | $ | — |  |  | $ | 365,373 |
The following table sets forth by level, within the fair value hierarchy, the Plan's investments at fair value as of June 30, 2012.
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total
|  | (Thousands)
Cash and cash equivalents |  | $ | 3,045 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,045 |
Equities: |  |  |  |  |  |  |  |
U.S. common stocks |  | — |  |  | 178,857 |  |  | — |  |  | 178,857 |
International common stocks |  | — |  |  | 46,897 |  |  | — |  |  | 46,897 |
Fixed Income: |  |  |  |  |  |  |  |
U.S. government agencies |  | — |  |  | 10,087 |  |  | — |  |  | 10,087 |
U.S. corporate bonds |  | — |  |  | 62,563 |  |  | — |  |  | 62,563 |
Total |  | $ | 3,045 |  |  | $ | 298,404 |  |  | $ | — |  |  | $ | 301,449 |
| 2013 |  | 2012
Equity securities | 75 | % |  | 75 | %
Fixed income | 24 |  |  | 24 |
Cash and cash equivalents | 1 |  |  | 1 |

X
- Definition Weighted average assumptions used to calculate actuarial present values of benefit . + References No definition available. + Details
Name: | avt_WeightedAverageAssumptionsToCalculateActuarialPresentValuesOfBenefitTableTextBlock
Namespace Prefix: | avt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Weighted average assumptions used to determine net benefit costs. + References No definition available. + Details
Name: | avt_WeightedAverageAssumptionsUsedToDetermineNetBenefitCostsTableTextBlock
Namespace Prefix: | avt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e2417-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=21916443&loc=d3e4179-114921 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e2439-114920 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e2410-114920 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 132R -Paragraph 5, 6, 7 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 158 -Paragraph 4, 7, 16, 20, 21 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 132R -Paragraph 5 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration