v2.4.0.6
Fair Values of Financial Assets and Liabilities (Detail) (USD $)
In Millions, unless otherwise specified
Jun. 16, 2012
Jun. 11, 2011
Derivatives, Fair Value [Line Items]    
Available-for-sale securities $ 62 [1],[2] $ 85 [1],[2]
Short-term investments - index funds 158 [1],[3] 176 [1],[3]
Prepaid forward contracts 40 [1],[4] 41 [1],[4]
Deferred compensation    [1],[5]    [1],[5]
Total derivatives at fair value 488 [1] 525 [1]
Total Financial Assets at fair value 748 [1] 827 [1]
Deferred compensation 501 [1],[5] 547 [1],[5]
Total derivatives at fair value 337 [1] 161 [1]
Total Financial Liabilities at fair Value 838 [1] 708 [1]
Derivatives Designated As Fair Value Hedging Instruments Assets
    
Derivatives, Fair Value [Line Items]    
Interest rate derivatives 289 [1],[6] 345 [1],[6]
Derivatives Designated As Hedging Instruments Assets
    
Derivatives, Fair Value [Line Items]    
Foreign exchange contracts 41 [1],[7] 7 [1],[7]
Interest rate derivatives    [1],[6]    [1],[6]
Commodity contracts   74 [1],[8]
Derivatives designated as hedging instruments, Assets, Total 41 [1] 81 [1]
Derivatives Not Designated As Hedging Instruments Assets
    
Derivatives, Fair Value [Line Items]    
Foreign exchange contracts 17 [1],[7] 8 [1],[7]
Interest rate derivatives 124 [1],[6] 44 [1],[6]
Commodity contracts 17 [1],[8] 47 [1],[8]
Derivatives not designated as hedging instruments, Assets, Total 158 [1] 99 [1]
Derivatives Designated As Fair Value Hedging Instruments Liabilities
    
Derivatives, Fair Value [Line Items]    
Interest rate derivatives    [1],[6]    [1],[6]
Derivatives Designated As Hedging Instruments Liabilities
    
Derivatives, Fair Value [Line Items]    
Foreign exchange contracts 14 [1],[7] 36 [1],[7]
Interest rate derivatives   14 [1],[6]
Commodity contracts 79 [1],[8] 13 [1],[8]
Derivatives designated as hedging instruments, Liabilities, Total 93 [1] 63 [1]
Derivatives Not Designated As Hedging Instruments Liabilities
    
Derivatives, Fair Value [Line Items]    
Foreign exchange contracts 16 [1],[7] 15 [1],[7]
Interest rate derivatives 156 [1],[6] 81 [1],[6]
Commodity contracts 72 [1],[8] 2 [1],[8]
Derivatives not designated as hedging instruments, Liabilities, Total $ 244 [1] $ 98 [1]
[1] Financial assets are classified on our balance sheet within prepaid expenses and other current assets and other assets, with the exception of available-for-sale securities and short-term investments. Financial liabilities are classified on our balance sheet within accounts payable, other current liabilities and other liabilities. Unless specifically indicated, all financial assets and liabilities are categorized as Level 2 assets or liabilities.
[2] Based on the price of common stock. Categorized as a Level 1 asset.
[3] Based on price changes in index funds used to manage a portion of market risk arising from our deferred compensation liability. Categorized as a Level 1 asset.
[4] Based primarily on the price of our common stock.
[5] Based on the fair value of investments corresponding to employees' investment elections. As of June 16, 2012 and June 11, 2011, $11 million and $46 million, respectively, are categorized as Level 1 liabilities. The remaining balances are categorized as Level 2 liabilities.
[6] Based on LIBOR forward rates.
[7] Based on recently reported market transactions of spot and forward rates.
[8] Based on recently reported market transactions, primarily swap arrangements, except for liabilities as of June 11, 2011, which primarily related to commodity futures contracts. The futures contracts are valued based on average prices on futures exchanges and categorized as Level 1 liabilities.