Changes in Accumulated Other Comprehensive Loss |
Changes in Accumulated other comprehensive loss consisted of the
following:
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(in thousands)
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Pension
Liability |
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Foreign
Currency(3) |
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Net
Unrealized
Gain on
Securities |
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Derivatives |
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Total |
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Balance at August 30, 2014
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$ |
(63,820 |
) |
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$ |
(57,836 |
) |
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$ |
76 |
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$ |
(7,323 |
) |
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$ |
(128,903 |
) |
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Other comprehensive (loss) before reclassifications
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(12,345 |
) |
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(113,652 |
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(80 |
) |
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— |
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(126,077 |
) |
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Amounts reclassified from Accumulated other comprehensive
loss(1)
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5,370 |
(2) |
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— |
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(22 |
)(4) |
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114 |
(5) |
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5,462 |
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Balance at August 29, 2015
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(70,795 |
) |
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(171,488 |
) |
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(26 |
) |
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(7,209 |
) |
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(249,518 |
) |
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Other comprehensive (loss) income before reclassifications
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(24,542 |
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(39,524 |
) |
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206 |
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(2,687 |
) |
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(66,547 |
) |
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Amounts reclassified from Accumulated other comprehensive
loss(1)
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6,447 |
(2) |
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— |
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(60 |
)(4) |
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2,149 |
(5) |
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8,536 |
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Balance at August 27, 2016
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$ |
(88,890 |
) |
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$ |
(211,012 |
) |
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$ |
120 |
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$ |
(7,747 |
) |
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$ |
(307,529 |
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| (1) |
Amounts in parentheses indicate
debits to Accumulated other comprehensive loss. |
| (2) |
Represents amortization of pension
liability adjustments, net of taxes of $4,059 in fiscal 2016 and
$3,571 in fiscal 2015, which is recorded in Operating, selling,
general and administrative expenses on the Consolidated Statements
of Income. See “Note L – Pension and Savings
Plans” for further discussion. |
| (3) |
Foreign currency is not shown net
of additional U.S. tax as earnings of non-U.S. subsidiaries are
intended to be permanently reinvested. |
| (4) |
Represents realized losses on
marketable securities, net of taxes of $33 in fiscal 2016 and $12
in fiscal 2015, which is recorded in Operating, selling, general
and administrative expenses on the Consolidated Statements of
Income. See “Note F – Marketable
Securities” for further discussion. |
| (5) |
Represents gains and losses on
derivatives, net of taxes of $315 in fiscal 2016 and $68 in fiscal
2015, which is recorded in Interest expense, net, on the
Consolidated Statements of Income. See
“Note H – Derivative Financial
Instruments” for further discussion. |
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