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SYSCO CORPORATION-Form10-K78
PARTII
ITEM8Financial Statements and Supplementary Data
(Inthousands)
Location of Expense
(Income) Recognized
in Net Earnings
2012
Before Tax
Amount Tax
Net of Tax
Amount
Pension and other postretirement bene t plans:
Reclassi cation adjustments:
Amortization of prior service cost Operating expenses $ 5,021 $ 1,928 $ 3,093
Amortization of actuarial loss (gain), net Operating expenses 59,835 22,975 36,860
Amortization of transition obligation Operating expenses 153 60 93
TOTAL RECLASSIFICATION ADJUSTMENTS 65,009 24,963 40,046
Other comprehensive income before reclassi cation adjustments:
Prior service cost arising in current year N/A (8,706) (3,343) (5,363)
Net actuarial gain arising in current year N/A (580,291) (222,832) (357,459)
TOTAL OTHER COMPREHENSIVE INCOME BEFORE
RECLASSIFICATION ADJUSTMENTS (588,997) (226,175) (362,822)
Foreign currency translation:
Other comprehensive income before reclassi cation adjustments:
Foreign currency translation adjustment N/A (81,003) - (81,003)
Interest rate swaps:
Reclassi cation adjustments:
Amortization of cash  ow hedges Interest expense 692 266 426
Other comprehensive income before reclassi cation adjustments:
Settlement of cash  ow hedge N/A 722 277 445
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) $ (603,577) $ (200,669) $ (402,908)
The following table provides a summary of the changes in accumulated other comprehensive (loss) income for the years presented:
(Inthousands)
Pension
and Other
Postretirement
Bene t Plans,
net of tax
Foreign
Currency
Translation
Interest Rate
Swap, net of tax Total
Balance as of July 2, 2011 $ (501,125) $ 251,752 $ (10,585) $ (259,958)
Other comprehensive income before reclassi cation adjustments (362,822) (81,003) 445 (443,380)
Amounts reclassi ed from accumulated other comprehensive loss 40,046 - 426 40,472
Balance as of June 30, 2012 (823,901) 170,749 (9,714) (662,866)
Other comprehensive income before reclassi cation adjustments 192,726 (33,191) - 159,535
Amounts reclassi ed from accumulated other comprehensive loss 56,008 - 386 56,394
Balance as of June 29, 2013 (575,167) 137,558 (9,328) (446,937)
Other comprehensive income before reclassi cation adjustments (127,728) (3,106) (82,215) (213,049)
Amounts reclassi ed from accumulated other comprehensive loss 16,938 - 385 17,323
BALANCE AS OF JUNE28,2014 $ (685,957) $ 134,452 $ (91,158) $ (642,663)