|
Condensed Consolidated Statements of Income (USD $) In Thousands, except Per Share data
|
3 Months Ended |
9 Months Ended |
|
Sep. 26, 2009
|
Sep. 27, 2008
|
Sep. 26, 2009
|
Sep. 27, 2008
|
Net sales
| X |
- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Article 5
+ Details
| Name: |
us-gaap_SalesRevenueNet |
| Namespace Prefix: |
us-gaap |
| Data Type: |
monetary |
| Balance Type: |
credit |
| Period Type: |
duration |
|
|
$ 781,254 |
$ 870,355 |
$ 1,887,057 |
$ 2,445,830 |
Cost of goods sold
| X |
- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 2 -Article 5
+ Details
| Name: |
us-gaap_CostOfGoodsAndServicesSold |
| Namespace Prefix: |
us-gaap |
| Data Type: |
monetary |
| Balance Type: |
debit |
| Period Type: |
duration |
|
|
371,512 |
484,716 |
929,706 |
1,322,948 |
Gross profit
| X |
- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.
+ Details
| Name: |
us-gaap_GrossProfit |
| Namespace Prefix: |
us-gaap |
| Data Type: |
monetary |
| Balance Type: |
credit |
| Period Type: |
duration |
|
|
409,742 |
385,639 |
957,351 |
1,122,882 |
Advertising expense
| X |
- Definition
Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 93-7
+ Details
| Name: |
us-gaap_AdvertisingExpense |
| Namespace Prefix: |
us-gaap |
| Data Type: |
monetary |
| Balance Type: |
debit |
| Period Type: |
duration |
|
|
45,853 |
50,742 |
103,101 |
147,199 |
Selling, general and administrative expense
| X |
- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 4 -Article 5
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Chapter 4 -Paragraph 5A
+ Details
| Name: |
us-gaap_SellingGeneralAndAdministrativeExpense |
| Namespace Prefix: |
us-gaap |
| Data Type: |
monetary |
| Balance Type: |
debit |
| Period Type: |
duration |
|
|
71,499 |
67,785 |
193,461 |
194,181 |
Research and development expense
| X |
- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 51 -Subparagraph g
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 2 -Paragraph 12, 13
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 86 -Paragraph 11, 12
+ Details
| Name: |
us-gaap_ResearchAndDevelopmentExpense |
| Namespace Prefix: |
us-gaap |
| Data Type: |
monetary |
| Balance Type: |
debit |
| Period Type: |
duration |
|
|
55,507 |
52,749 |
166,795 |
155,904 |
Total operating expense
| X |
- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
+ Details
| Name: |
us-gaap_OperatingExpenses |
| Namespace Prefix: |
us-gaap |
| Data Type: |
monetary |
| Balance Type: |
debit |
| Period Type: |
duration |
|
|
172,859 |
171,276 |
463,357 |
497,284 |
Operating income
| X |
- Definition
The net result for the period of deducting operating expenses from operating revenues.
+ Details
| Name: |
us-gaap_OperatingIncomeLoss |
| Namespace Prefix: |
us-gaap |
| Data Type: |
monetary |
| Balance Type: |
credit |
| Period Type: |
duration |
|
|
236,883 |
214,363 |
493,994 |
625,598 |
Interest income
| X |
- Definition
Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 14
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 5
+ Details
| Name: |
us-gaap_InvestmentIncomeInterest |
| Namespace Prefix: |
us-gaap |
| Data Type: |
monetary |
| Balance Type: |
credit |
| Period Type: |
duration |
|
|
6,360 |
8,435 |
16,646 |
26,563 |
Foreign currency
| X |
- Definition
The aggregate foreign currency transaction gain or loss (both realized and unrealized) included in determining net income for the reporting period. Excludes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. For certain enterprises, primarily banks, that are dealers in foreign exchange, foreign currency transaction gains or losses may be disclosed as dealer gains or losses.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 52 -Paragraph 30
+ Details
| Name: |
us-gaap_ForeignCurrencyTransactionGainLossBeforeTax |
| Namespace Prefix: |
us-gaap |
| Data Type: |
monetary |
| Balance Type: |
credit |
| Period Type: |
duration |
|
|
11,752 |
(12,744) |
4,478 |
4,818 |
Gain on sale of equity securities
| X |
- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain or loss of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain or loss which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any losses recognized for other than temporary impairments of the subject investments in debt and equity securities.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 5
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 13, 22
+ Details
| Name: |
us-gaap_MarketableSecuritiesGainLoss |
| Namespace Prefix: |
us-gaap |
| Data Type: |
monetary |
| Balance Type: |
credit |
| Period Type: |
duration |
|
|
0 |
0 |
0 |
50,949 |
Other
| X |
- Definition
The aggregate amount of other nonrecurring expenses, not previously categorized, that are infrequent in occurrence or unusual in nature.
+ Details
| Name: |
us-gaap_OtherNonrecurringIncomeExpense |
| Namespace Prefix: |
us-gaap |
| Data Type: |
monetary |
| Balance Type: |
debit |
| Period Type: |
duration |
|
|
1,684 |
1,358 |
1,325 |
2,091 |
Total other income
| X |
- Definition
The aggregate amount of income (expense) from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 5
+ Details
| Name: |
us-gaap_NonoperatingIncomeExpense |
| Namespace Prefix: |
us-gaap |
| Data Type: |
monetary |
| Balance Type: |
credit |
| Period Type: |
duration |
|
|
19,796 |
(2,951) |
22,449 |
84,421 |
Income before income taxes
| X |
- Definition
Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Subparagraph 1(i) -Article 4
+ Details
| Name: |
us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments |
| Namespace Prefix: |
us-gaap |
| Data Type: |
monetary |
| Balance Type: |
credit |
| Period Type: |
duration |
|
|
256,679 |
211,412 |
516,443 |
710,019 |
Income tax provision
| X |
- Definition
The sum of the current income tax expense (benefit) and the deferred income tax expense (benefit) pertaining to continuing operations.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 45 -Subparagraph a, b
+ Details
| Name: |
us-gaap_IncomeTaxExpenseBenefit |
| Namespace Prefix: |
us-gaap |
| Data Type: |
monetary |
| Balance Type: |
debit |
| Period Type: |
duration |
|
|
41,546 |
40,168 |
90,901 |
134,904 |
Net income
| X |
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph A1, A4, A5
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 5 -Subparagraph b
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 29
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph a
Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph c(1)
+ Details
| Name: |
us-gaap_ProfitLoss |
| Namespace Prefix: |
us-gaap |
| Data Type: |
monetary |
| Balance Type: |
credit |
| Period Type: |
duration |
|
|
$ 215,133 |
$ 171,244 |
$ 425,542 |
$ 575,115 |
Net income per share:
| X |
- Details
| Name: |
us-gaap_EarningsPerShareBasicAbstract |
| Namespace Prefix: |
us-gaap |
| Data Type: |
string |
| Balance Type: |
na |
| Period Type: |
duration |
|
|
|
|
|
|
Basic
| X |
- Definition
The amount of net income or loss for the period per each share of common stock outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 21 -Article 9
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 36, 37, 38
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 20 -Article 5
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 18 -Article 7
+ Details
| Name: |
us-gaap_EarningsPerShareBasic |
| Namespace Prefix: |
us-gaap |
| Data Type: |
decimal |
| Balance Type: |
na |
| Period Type: |
duration |
|
|
$ 1.07 |
$ 0.83 |
$ 2.12 |
$ 2.71 |
Diluted
| X |
- Definition
The amount of net income or loss for the period per each share of common stock and dilutive common stock equivalents outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 11, 12, 36
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 20 -Article 5
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 18 -Article 7
Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 21 -Article 9
+ Details
| Name: |
us-gaap_EarningsPerShareDiluted |
| Namespace Prefix: |
us-gaap |
| Data Type: |
decimal |
| Balance Type: |
na |
| Period Type: |
duration |
|
|
$ 1.07 |
$ 0.82 |
$ 2.12 |
$ 2.68 |
Weighted average common shares outstanding:
| X |
- Details
| Name: |
us-gaap_EarningsPerShareBasicOtherDisclosuresAbstract |
| Namespace Prefix: |
us-gaap |
| Data Type: |
string |
| Balance Type: |
na |
| Period Type: |
duration |
|
|
|
|
|
|
Basic
| X |
- Definition
Number of [basic] shares, after adjustment for contingently issuable shares and other shares not deemed outstanding, determined by relating the portion of time within a reporting period that common shares have been outstanding to the total time in that period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 171
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -Subparagraph a
Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 8
+ Details
| Name: |
us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| Namespace Prefix: |
us-gaap |
| Data Type: |
shares |
| Balance Type: |
na |
| Period Type: |
duration |
|
|
200,546 |
206,634 |
200,398 |
212,299 |
Diluted
| X |
- Definition
The average number of shares issued and outstanding that are used in calculating diluted EPS, determined based on the timing of issuance of shares in the period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -Subparagraph a
Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 8
+ Details
| Name: |
us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
| Namespace Prefix: |
us-gaap |
| Data Type: |
shares |
| Balance Type: |
na |
| Period Type: |
duration |
|
|
201,599 |
208,107 |
201,038 |
214,252 |