XML 27 R42.htm IDEA: XBRL DOCUMENT
v3.19.3

Pensions And Other Postretirement Benefits (Tables) | 12 Months Ended
--- | ---
Sep. 28, 2019
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 28, 2019, and September 29, 2018:
|  |  |  |  |  |  |  |  | in millions |
| Pension Benefits |  | Other Postretirement
| Qualified |  | Non-Qualified |  | Benefits
| 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Change in benefit obligation |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year | $ | 1,392 |  |  | $ | 1,477 |  |  | $ | 220 |  |  | $ | 230 |  |  | $ | 28 |  |  | $ | 33 |
Service cost | — |  |  | — |  |  | 1 |  |  | 7 |  |  | 2 |  |  | 1 |
Interest cost | 56 |  |  | 55 |  |  | 9 |  |  | 8 |  |  | 1 |  |  | 1 |
Curtailment | — |  |  | — |  |  | — |  |  | (5 | ) |  | — |  |  | — |
Plan amendments | — |  |  | — |  |  | — |  |  | 5 |  |  | 4 |  |  | — |
Actuarial (gain)/loss | 154 |  |  | (60 | ) |  | 17 |  |  | (10 | ) |  | 6 |  |  | (5 | )
Benefits paid | (77 | ) |  | (80 | ) |  | (12 | ) |  | (15 | ) |  | (4 | ) |  | (2 | )
Business Acquisition | 2 |  |  | — |  |  | 4 |  |  | — |  |  | 13 |  |  | — |
Plan Terminations | (49 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Other | — |  |  | — |  |  | — |  |  | — |  |  | 27 |  |  | — |
Benefit obligation at end of year | 1,478 |  |  | 1,392 |  |  | 239 |  |  | 220 |  |  | 77 |  |  | 28 |
Change in plan assets |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year | 1,450 |  |  | 1,512 |  |  | — |  |  | — |  |  | — |  |  | — |
Actual return on plan assets | 146 |  |  | 4 |  |  | — |  |  | — |  |  | — |  |  | — |
Employer contributions | 1 |  |  | 14 |  |  | 12 |  |  | 15 |  |  | 4 |  |  | 2 |
Benefits paid | (77 | ) |  | (80 | ) |  | (12 | ) |  | (15 | ) |  | (4 | ) |  | (2 | )
Business Acquisition | 2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Plan Terminations | (45 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Fair value of plan assets at end of year | 1,477 |  |  | 1,450 |  |  | — |  |  | — |  |  | — |  |  | — |
Funded status | $ | (1 | ) |  | $ | 58 |  |  | $ | (239 | ) |  | $ | (220 | ) |  | $ | (77 | ) |  | $ | (28 | )
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
| 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Other assets | $ | 16 |  |  | $ | 61 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Other current liabilities | — |  |  | (3 | ) |  | (12 | ) |  | (12 | ) |  | (3 | ) |  | (3 | )
Other liabilities | (17 | ) |  | — |  |  | (227 | ) |  | (208 | ) |  | (74 | ) |  | (25 | )
Total assets (liabilities) | $ | (1 | ) |  | $ | 58 |  |  | $ | (239 | ) |  | $ | (220 | ) |  | $ | (77 | ) |  | $ | (28 | )
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
| 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Accumulated other comprehensive (income)/loss: |  |  |  |  |  |  |  |  |  |  |
Actuarial (gain) loss | $ | (53 | ) |  | $ | (96 | ) |  | $ | 46 |  |  | $ | 31 |  |  | $ | 27 |  |  | $ | — |
Prior service (credit) cost | — |  |  | — |  |  | 4 |  |  | 5 |  |  | (42 | ) |  | (49 | )
Total accumulated other comprehensive (income)/loss: | $ | (53 | ) |  | $ | (96 | ) |  | $ | 50 |  |  | $ | 36 |  |  | $ | (15 | ) |  | $ | (49 | )
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
| 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Projected benefit obligation | $ | 381 |  |  | $ | 49 |  |  | $ | 239 |  |  | $ | 220 |
Accumulated benefit obligation | 381 |  |  | 49 |  |  | 239 |  |  | 219 |
Fair value of plan assets | 364 |  |  | 45 |  |  | — |  |  | — |
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
| 2019 |  |  | 2018 |  |  | 2017 |  |  | 2019 |  |  | 2018 |  |  | 2017 |  |  | 2019 |  |  | 2018 |  |  | 2017 |
Service cost | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | 7 |  |  | $ | 11 |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | 1 |
Interest cost | 56 |  |  | 55 |  |  | 57 |  |  | 9 |  |  | 8 |  |  | 8 |  |  | 1 |  |  | 1 |  |  | 1 |
Expected return on plan assets | (57 | ) |  | (62 | ) |  | (59 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Amortization of prior service cost | — |  |  | 1 |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | (2 | ) |  | (25 | ) |  | (25 | )
Recognized actuarial loss (gain), net | (1 | ) |  | — |  |  | 1 |  |  | 2 |  |  | 3 |  |  | 6 |  |  | 5 |  |  | (5 | ) |  | (1 | )
Recognized settlement loss (gain) | 19 |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net periodic benefit cost (credit) | $ | 17 |  |  | $ | (6 | ) |  | $ | 3 |  |  | $ | 13 |  |  | $ | 19 |  |  | $ | 25 |  |  | $ | 6 |  |  | $ | (28 | ) |  | $ | (24 | )
Schedule Of Weighted Average Assumptions | Weighted average assumptions are as follows:
| Pension Benefits |  | Other Postretirement
| Qualified |  | Non-Qualified |  | Benefits
| 2019 |  |  | 2018 |  |  | 2017 |  |  | 2019 |  |  | 2018 |  |  | 2017 |  |  | 2019 |  |  | 2018 |  |  | 2017 |
Discount rate to determine net periodic benefit cost | 4.26 | % |  | 3.85 | % |  | 3.72 | % |  | 4.31 | % |  | 3.88 | % |  | 3.77 | % |  | 3.99 | % |  | 3.39 | % |  | 3.09 | %
Discount rate to determine benefit obligations | 3.23 | % |  | 4.26 | % |  | 3.85 | % |  | 3.16 | % |  | 4.31 | % |  | 3.88 | % |  | 2.68 | % |  | 4.11 | % |  | 3.39 | %
Rate of compensation increase | n/a |  |  | n/a |  |  | n/a |  |  | n/a |  |  | 2.53 | % |  | 2.44 | % |  | n/a |  |  | n/a |  |  | n/a |
Expected return on plan assets | 3.50 | % |  | 4.20 | % |  | 4.21 | % |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a |
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
2020 | $ | 1 |  |  | $ | 12 |  |  | $ | 4 |
2021 | — |  |  | 12 |  |  | 4 |
2022 | 1 |  |  | 13 |  |  | 4 |
2023 | — |  |  | 13 |  |  | 4 |
2024 | 2 |  |  | 13 |  |  | 4 |
2024-2028 | 4 |  |  | 66 |  |  | 14 |
The above benefit payments for other postretirement benefit plans are not expected to be offset by Medicare Part D subsidies in fiscal 2020. 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 began on December 31, 2018. 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 |  | 2019 |  | 2018 |  | Implemented | 2019 | 2018 | 2017 |  | 2019 |  | Expiration Date of Collective Bargaining Agreement(a)
Bakery and Confectionery Union and Industry International Pension Fund | 52-6118572/001 |  | Red |  | Red |  | Nov 2012 |  | $1 | $2 | $2 |  | 10% |  | 2015-10-10
Pension Fund of Local 227 (b) | 61-6054018/001 |  | Green |  | n/a |  | n/a |  | $0.2 | n/a | n/a |  | None |  | 2019-11-09
Retail, Wholesale and Department Store International Union and Industry Pension Fund (c) | 63-0708442/001 |  | Red |  | n/a |  | Nov 2015 |  | $0.5 | n/a | n/a |  | 9% |  | 2021-11-07
(a) | Renewal negotiations for the Bakery and Confectionery Union and Industry International Pension Fund are in progress.
(b) | Contributions in fiscal 2019 exceeded 5% of plan contributions for the plan year ended October 31, 2018.
(c) Contributions in fiscal 2019 exceeded 5% of plan contributions for the plan year ended December 31, 2018.

X
- References No definition available. + Details
Name: | us-gaap_GeneralDiscussionOfPensionAndOtherPostretirementBenefitsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefit obligation and plan assets of defined benefit plan with accumulated benefit obligation in excess of plan assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 + Details
Name: | us-gaap_ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2439-114920 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2410-114920 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920 + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the quantitative and qualitative information related to multiemployer plans in which the employer participates. A multiemployer plan is a pension or postretirement benefit plan to which two or more unrelated employers contribute where assets contributed by one participating employer may be used to provide benefits to employees of other participating employers. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=65877416&loc=SL14450657-114947 + Details
Name: | us-gaap_ScheduleOfMultiemployerPlansTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration