Sysco 2015 Annual Report Download - page 79
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PARTII
ITEM 8Financial Statements and Supplementary Data
(Inthousands)
Location of Expense
(Income) Recognized
in Net Earnings
2013
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 $ 18,360 $ 7,050 $ 11,310
Amortization of actuarial loss (gain), net Operating expenses 72,421 27,811 44,610
Amortization of transition obligation Operating expenses 141 53 88
TOTAL RECLASSIFICATION ADJUSTMENTS 90,922 34,914 56,008
Other comprehensive income before reclassi cation adjustments:
Prior service cost arising in current year N/A (53,902) (20,699) (33,203)
Net actuarial gain arising in current year N/A 366,769 140,840 225,929
TOTAL OTHER COMPREHENSIVE INCOME BEFORE
RECLASSIFICATION ADJUSTMENTS 312,867 120,141 192,726
Foreign currency translation:
Other comprehensive income before reclassi cation adjustments:
Foreign currency translation adjustment N/A (33,191) - (33,191)
Interest rate swaps:
Reclassi cation adjustments:
Amortization of cash ow hedges Interest expense 626 240 386
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) $ 371,224 $ 155,295 $ 215,929
The following table provides a summary of the changes in accumulated other comprehensive (loss) income for the years presented:
(Inthousands)
Pension
and Other
Postretirement
Bene t Plans,
net of tax
Foreign
Currency
Translation
Interest Rate
Swap, net of tax Total
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)
Other comprehensive income before reclassi cation adjustments (38,275) (232,185) (34,111) (304,571)
Amounts reclassi ed from accumulated other comprehensive loss 18,921 - 5,116 24,037
BALANCE AS OF JUNE 27, 2015 $ (705,311) $ (97,733) $ (120,153) $ (923,197)