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Pension and Savings Plans (Tables)

12 Months Ended

Aug. 25, 2018

Retirement Benefits [Abstract]

Plan's Funded Status and Amounts Recognized in Company's Consolidated Balance Sheets

The following table sets forth the plans’ funded status and amounts recognized in the Company’s Consolidated Balance Sheets:

(in thousands)		August 25, 2018				August 26, 2017
Change in Projected Benefit Obligation:
Projected benefit obligation at beginning of year		$	314,724			$	328,511
Interest cost			10,356				10,335
Actuarial (gains) losses			(676	)			(8,746	)
Annuities purchased			(157,589	)			—
Benefits and settlements paid			(166,815	)			(15,376	)
Benefit obligations at end of year		$	—			$	314,724
Change in Plan Assets:
Fair value of plan assets at beginning of year		$	316,267			$	289,386
Actual return on plan assets			(3,428	)			24,496
Employer contributions			11,596				17,761
Annuities purchased			(157,589	)			—
Benefits and settlements paid			(166,815	)			(15,376	)
Asset reversion upon termination			(31	)			—
Fair value of plan assets at end of year		$	—			$	316,267
Amount Recognized in the Statement of Financial Position:
Current liabilities		$	—			$	(283	)
Long-term assets			—				8,686
Long-term liabilities			—				(6,860	)
Net amount recognized		$	—			$	1,543
Amount Recognized in Accumulated Other Comprehensive Loss and not yet reflected in Net Periodic Benefit Cost:
Net actuarial loss		$	—			$	(118,889	)
Accumulated other comprehensive loss		$	—			$	(118,889	)

Net Periodic Benefit Expense

Net periodic benefit expense consisted of the following:

		Year Ended
(in thousands)		August 25, 2018				August 26, 2017				August 27, 2016
Interest cost		$	10,356			$	10,335			$	11,272
Expected return on plan assets			(18,997	)			(20,056	)			(16,512	)
Recognized net actuarial losses			10,736				13,873				10,506
Settlement loss			130,263				—				—
Net periodic benefit expense		$	132,358			$	4,152			$	5,266

Actuarial Assumptions Used in Determining Projected Benefit Obligation

The blended actuarial assumptions used in determining the projected benefit obligation include the following:

		Year Ended
		August 25, 2018				August 26, 2017				August 27, 2016
Discount rate to determine benefit obligation			3.86	%			3.86	%			3.72	%
Discount rate to determine net interest cost			3.36	%			3.21	%			3.90	%
Expected long-term rate of return on plan assets			6.00	%			7.00	%			7.00	%

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Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
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Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
-Section 55
-Paragraph 17
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Tabular disclosure of net funded status of pension plans and/or other employee benefit plans.

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