Sysco 2013 Annual Report Download - page 83
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PARTII
ITEM8Financial Statements and Supplementary Data
(Inthousands)
2012
Before Tax
Amount Tax Net of Tax
Amount
Foreign currency translation adjustment $ (81,003) $ - $ (81,003)
Amortization of cash ow hedges 692 266 426
Settlement of cash ow hedge 722 277 445
Amortization of prior service cost 5,021 1,928 3,093
Amortization of actuarial loss (gain), net 59,835 22,975 36,860
Amortization of transition obligation 153 60 93
Prior service cost arising in current year (8,706) (3,343) (5,363)
Actuarial gain (loss), net arising in current year (580,291) (222,832) (357,459)
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) $ (603,577) $ (200,669) $ (402,908)
(Inthousands)
2011
Before Tax
Amount Tax Net of Tax
Amount
Foreign currency translation adjustment $ 122,217 $ - $ 122,217
Amortization of cash ow hedge 696 268 428
Amortization of prior service cost 4,145 1,592 2,553
Amortization of actuarial loss (gain), net 79,564 30,551 49,013
Amortization of transition obligation 153 60 93
Prior service cost arising in current year (9,239) (3,547) (5,692)
Actuarial gain (loss), net arising in current year 83,898 32,217 51,681
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) $ 281,434 $ 61,141 $ 220,293
The following table provides a summary of the changes in accumulated other comprehensive (loss) income for the years presented:
(Inthousands)
Pension
and Other
Postretirement
Benefi t Plans,
net of tax
Foreign
Currency
Translation Interest Rate
Swap, net of tax Total
Balance as of July3,2010 $ (598,773) $ 129,535 $ (11,013) $ (480,251)
Foreign currency translation adjustment - 122,217 - 122,217
Amortization of cash ow hedge - - 428 428
Amortization of prior service cost 2,553 - - 2,553
Amortization of actuarial loss (gain), net 49,013 - - 49,013
Amortization of transition obligation 93 - - 93
Prior service cost arising in current year (5,692) - - (5,692)
Actuarial gain (loss), net, arising in current year 51,681 - - 51,681
Balance as of July2,2011 (501,125) 251,752 (10,585) (259,958)
Foreign currency translation adjustment - (81,003) - (81,003)
Amortization of cash ow hedges - - 426 426
Settlement of cash ow hedge - - 445 445
Amortization of prior service cost 3,093 - - 3,093
Amortization of actuarial loss (gain), net 36,860 - - 36,860
Amortization of transition obligation 93 - - 93
Prior service cost arising in current year (5,363) - - (5,363)
Actuarial gain (loss), net, arising in current year (357,459) - - (357,459)
Balance as of June30,2012 (823,901) 170,749 (9,714) (662,866)
Foreign currency translation adjustment - (33,191) - (33,191)
Amortization of cash ow hedges - - 386 386
Amortization of prior service cost 11,310 - - 11,310
Amortization of actuarial loss (gain), net 44,610 - - 44,610
Amortization of transition obligation 88 - - 88
Prior service cost arising in current year (33,203) - - (33,203)
Actuarial gain (loss), net, arising in current year 225,929 - - 225,929
BALANCE AS OF JUNE29,2013 $ (575,167) $ 137,558 $ (9,328) $ (446,937)