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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.