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Pensions And Other Postretirement Benefits (Tables)

12 Months Ended

Sep. 29, 2018

Retirement Benefits, Description [Abstract]

Schedule Of Reconciliation Of Changes In Plans' Benefit Obligations, Assets And Funded Status

The following table provides a reconciliation of the changes in the plans’ benefit obligations, assets and funded status at September 29, 2018, and September 30, 2017:

																	in millions
	Pension Benefits																Other Postretirement
	Qualified								Non-Qualified								Benefits
	2018				2017				2018				2017				2018				2017
Change in benefit obligation
Benefit obligation at beginning of year	$	1,477			$	1,554			$	230			$	222			$	33			$	36
Service cost	—				2				7				11				1				1
Interest cost	55				57				8				8				1				1
Curtailment	—				—				(5		)		—				—				—
Plan amendments	—				—				5				—				—				—
Actuarial (gain)/loss	(60		)		(52		)		(10		)		1				(5		)		(1		)
Benefits paid	(80		)		(84		)		(15		)		(12		)		(2		)		(4		)
Benefit obligation at end of year	1,392				1,477				220				230				28				33
Change in plan assets
Fair value of plan assets at beginning of year	1,512				1,440				—				—				—				—
Actual return on plan assets	4				115				—				—				—				—
Employer contributions	14				41				15				12				2				4
Benefits paid	(80		)		(84		)		(15		)		(12		)		(2		)		(4		)
Fair value of plan assets at end of year	1,450				1,512				—				—				—				—
Funded status	$	58			$	35			$	(220	)		$	(230	)		$	(28	)		$	(33	)

Schedule Of Amounts Recognized In The Consolidated Balance Sheets

Amounts recognized in the Consolidated Balance Sheets consist of:

																	in millions
	Pension Benefits																Other Postretirement
	Qualified								Non-Qualified								Benefits
	2018				2017				2018				2017				2018				2017
Other assets	$	61			$	44			$	—			$	—			$	—			$	—
Other current liabilities	(3		)		—				(12		)		(11		)		(3		)		(3		)
Other liabilities	—				(9		)		(208		)		(219		)		(25		)		(30		)
Total assets (liabilities)	$	58			$	35			$	(220	)		$	(230	)		$	(28	)		$	(33	)

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

Amounts recognized in Accumulated Other Comprehensive Income consist of:

																	in millions
	Pension Benefits																Other Postretirement
	Qualified								Non-Qualified								Benefits
	2018				2017				2018				2017				2018				2017
Accumulated other comprehensive (income)/loss:
Actuarial (gain) loss	$	(96	)		$	(94	)		$	31			$	50			$	—			$	—
Prior service (credit) cost (a)	—				—				5				—				(49		)		(73		)
Total accumulated other comprehensive (income)/loss:	$	(96	)		$	(94	)		$	36			$	50			$	(49	)		$	(73	)

(a) The change in prior service credit is primarily attributed to the plan amendments to the other postretirement benefits as noted within the change in benefit obligation with remainder of the change being immaterial.

Schedule Of Plans With Accumulated Benefit Obligations In Excess Of Plan Assets

Plans with accumulated benefit obligations in excess of plan assets are as follows:

									in millions
	Pension Benefits
	Qualified								Non-Qualified
	2018				2017				2018				2017
Projected benefit obligation	$	49			$	361			$	220			$	230
Accumulated benefit obligation	49				361				219				220
Fair value of plan assets	45				352				—				—

Schedule Of Components Of Net Periodic Benefit Cost For Pension And Postretirement Benefit Plans Recognized In The Consolidated Statements Of Income

Components of net periodic benefit cost (credit) for pension and postretirement benefit plans recognized in the Consolidated Statements of Income are as follows:

																													in millions
	Pension Benefits																								Other Postretirement
	Qualified												Non-Qualified												Benefits
	2018				2017				2016				2018				2017				2016				2018				2017				2016
Service cost	$	—			$	2			$	8			$	7			$	11			$	6			$	1			$	1			$	1
Interest cost	55				57				65				8				8				9				1				1				3
Expected return on plan assets	(62		)		(59		)		(65		)		—				—				—				—				—				—
Amortization of prior service cost	1				—				—				1				—				—				(25		)		(25		)		(20		)
Recognized actuarial loss (gain), net	—				1				2				3				6				5				(5		)		(1		)		(15		)
Recognized settlement loss (gain)	—				2				(12		)		—				—				—				—				—				—
Net periodic benefit cost (credit)	$	(6	)		$	3			$	(2	)		$	19			$	25			$	20			$	(28	)		$	(24	)		$	(31	)

Schedule Of Weighted Average Assumptions

Weighted average assumptions are as follows:

	Pension Benefits																		Other Postretirement
	Qualified									Non-Qualified									Benefits
	2018			2017			2016			2018			2017			2016			2018			2017			2016
Discount rate to determine net periodic benefit cost	3.85	%		3.72	%		4.47	%		3.88	%		3.77	%		4.41	%		3.39	%		3.09	%		3.54	%
Discount rate to determine benefit obligations	4.26	%		3.85	%		3.72	%		4.31	%		3.88	%		3.77	%		4.11	%		3.39	%		3.09	%
Rate of compensation increase	n/a			n/a			n/a			2.53	%		2.44	%		2.46	%		n/a			n/a			n/a
Expected return on plan assets	4.20	%		4.21	%		4.15	%		n/a			n/a			n/a			n/a			n/a			n/a

Schedule of Health Care Cost Trend Rates

A one-percentage-point change in assumed health-care cost trend rates would have the following effects:

					in millions
	One Percentage Point Increase				One Percentage Point Decrease
Effect on postretirement benefit obligation	$	1			$	(1	)

Schedule Of Categories Of Pension Plan Assets And Level Under Which Fair Values Were Determined In Fair Value Hierarchy

The following tables show the categories of pension plan assets and the level under which fair values were determined in the fair value hierarchy, which is described in Note 13: Fair Value Measurements.

	in millions
September 29, 2018	Level 1				Level 2				Level 3				Total
Cash and cash equivalents	$	12			$	—			$	—			$	12
Insurance contract at contract value (a)	—				—				30				30
Total assets in fair value hierarchy	$	12			$	—			$	30			$	42
Investments measured at net asset value:
Common collective trusts (b)													1,408
Total plan assets													$	1,450

	in millions
September 30, 2017	Level 1				Level 2				Level 3				Total
Cash and cash equivalents	$	15			$	—			$	—			$	15
Insurance contract at contract value (a)	—				—				28				28
Total assets in fair value hierarchy	$	15			$	—			$	28			$	43
Investments measured at net asset value:
Common collective trusts (b)													1,469
Total plan assets													$	1,512

(a) We classify insurance contracts as Level 3 as there is limited activity or less observable inputs into valuation models, including current interest rates and estimated prepayment, default and recovery rates on the underlying portfolio or structured investment vehicle. The insurance contracts are valued using the plan’s own assumptions about the assumptions market participants would use in pricing the assets based on the best information available, such as investment manager pricing. Significant changes to assumptions or unobservable inputs in the valuation of our Level 3 instruments would not have a significant impact to our consolidated financial statements.

(b) Funds that are measured at fair value using the net asset value (NAV) per share practical expedient have not been categorized in the fair value hierarchy. The amounts presented above are intended to permit reconciliation of the fair value hierarchy to the fair value of total plan assets in order to determine the amounts included in Other Assets and Other Liabilities in the Consolidated Balance Sheets.

The following table sets forth the actual and target asset allocation for pension plan assets:

	2018			2017			Target Asset Allocation
Cash	0.9	%		1.1	%		—	%
Fixed income securities	99.1			87.4			100.0
United States stock funds	—			3.5			—
International stock funds	—			5.6			—
Real estate	—			2.4			—
Total	100.0	%		100.0	%		100.0	%

Schedule Of Reconciliation Of Change In Fair Value Measurement Of Defined Benefit Plans' Consolidated Assets Using Significant Unobservable Inputs

A reconciliation of the change in the fair value measurement of the defined benefit plans’ consolidated assets using significant unobservable inputs (Level 3) is as follows:

						in millions
		Insurance contract				Total
September 30, 2017		$	28			$	28
Actual return on plan assets:
Assets still held at reporting date		2				2
Assets sold during the period		—				—
Purchases, sales and settlements, net		—				—
Transfers in and/or out of Level 3		—				—
September 29, 2018		$	30			$	30

Schedule Of Estimated Future Benefit Payments Expected To Be Paid

The following benefit payments are expected to be paid:

									in millions
	Pension Benefits								Other Postretirement
	Qualified				Non-Qualified				Benefits
2019	$	122			$	12			$	3
2020	79				12				3
2021	80				13				3
2022	81				13				3
2023	82				14				2
2024-2028	417				69				11

The above benefit payments for other postretirement benefit plans are not expected to be offset by Medicare Part D subsidies in fiscal 2019.

The above 2019 benefit payments include anticipated payments for a plan termination within two of our qualified pension plans. The plan termination process for these plans began on April, 30, 2017, and full settlement is expected to occur in the first quarter of fiscal 2019.

The above 2020 benefit payments do not include anticipated accelerated payments for a plan termination within three of our qualified pension plans. The plan termination process for one of these plans began on October 1, 2018 and for the remaining two plans is expected to begin December 31, 2018, and full settlement is expected to occur in fiscal 2020.

Schedule of Multiemployer Plans

In addition to regular contributions, we could be obligated to pay additional contributions (known as complete or partial withdrawal liabilities) if it has unfunded vested benefits.

			PPA Zone Status				FIP/RP Status		Contributions (in millions)				Surcharge Imposed
Pension Fund Plan Name	EIN/Pension Plan Number		2018		2017		Implemented		2018	2017	2016		2018		Expiration Date of Collective Bargaining Agreement(a)
Bakery and Confectionery Union and Industry International Pension Fund	52-6118572/001		Red		Red		Nov 2012		$2	$2	$1		10%		October 2015

(a) Renewal negotiations are in progress.

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