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Pensions And Other Postretirement Benefits (Tables) | 12 Months Ended
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Oct. 03, 2020
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 October 3, 2020, and September 28, 2019 (in millions):
| Pension Benefits |  | Other Postretirement
| Qualified |  | Non-Qualified |  | Benefits
| 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Change in benefit obligation |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year | $ | 1,478 |  |  | $ | 1,392 |  |  | $ | 239 |  |  | $ | 220 |  |  | $ | 77 |  |  | $ | 28 |
Service cost | — |  |  | — |  |  | — |  |  | 1 |  |  | 2 |  |  | 2 |
Interest cost | 14 |  |  | 56 |  |  | 8 |  |  | 9 |  |  | 1 |  |  | 1 |
Plan amendments | — |  |  | — |  |  | — |  |  | — |  |  | (6 | ) |  | 4 |
Actuarial (gain)/loss | — |  |  | 154 |  |  | 5 |  |  | 17 |  |  | 4 |  |  | 6 |
Benefits paid | (38 | ) |  | (77 | ) |  | (14 | ) |  | (12 | ) |  | (4 | ) |  | (4 | )
Business Acquisition | — |  |  | 2 |  |  | — |  |  | 4 |  |  | — |  |  | 13 |
Plan Terminations | (1,423 | ) |  | (49 | ) |  | — |  |  | — |  |  | — |  |  | — |
Other | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 27 |
Benefit obligation at end of year | 31 |  |  | 1,478 |  |  | 238 |  |  | 239 |  |  | 74 |  |  | 77 |
Change in plan assets |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year | 1,477 |  |  | 1,450 |  |  | — |  |  | — |  |  | — |  |  | — |
Actual return on plan assets | (14 | ) |  | 146 |  |  | — |  |  | — |  |  | — |  |  | — |
Employer contributions | 7 |  |  | 1 |  |  | 12 |  |  | 12 |  |  | 4 |  |  | 4 |
Benefits paid | (38 | ) |  | (77 | ) |  | (12 | ) |  | (12 | ) |  | (4 | ) |  | (4 | )
Business Acquisition | — |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |
Plan Terminations | (1,397 | ) |  | (45 | ) |  | — |  |  | — |  |  | — |  |  | — |
Fair value of plan assets at end of year | 35 |  |  | 1,477 |  |  | — |  |  | — |  |  | — |  |  | — |
Funded status | $ | 4 |  |  | $ | (1 | ) |  | $ | (238 | ) |  | $ | (239 | ) |  | $ | (74 | ) |  | $ | (77 | )
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
| 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Other assets | $ | 4 |  |  | $ | 16 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Other current liabilities | — |  |  | — |  |  | (12 | ) |  | (12 | ) |  | (3 | ) |  | (3 | )
Other liabilities | — |  |  | (17 | ) |  | (226 | ) |  | (227 | ) |  | (71 | ) |  | (74 | )
Total assets (liabilities) | $ | 4 |  |  | $ | (1 | ) |  | $ | (238 | ) |  | $ | (239 | ) |  | $ | (74 | ) |  | $ | (77 | )
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
| 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Accumulated other comprehensive (income)/loss: |  |  |  |  |  |  |  |  |  |  |
Actuarial (gain) loss | $ | 4 |  |  | $ | (53 | ) |  | $ | 45 |  |  | $ | 46 |  |  | $ | 24 |  |  | $ | 27 |
Prior service (credit) cost | — |  |  | — |  |  | 3 |  |  | 4 |  |  | (37 | ) |  | (42 | )
Total accumulated other comprehensive (income)/loss: | $ | 4 |  |  | $ | (53 | ) |  | $ | 48 |  |  | $ | 50 |  |  | $ | (13 | ) |  | $ | (15 | )
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
| 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Projected benefit obligation | $ | — |  |  | $ | 381 |  |  | $ | 238 |  |  | $ | 239 |
Accumulated benefit obligation | — |  |  | 381 |  |  | 238 |  |  | 239 |
Fair value of plan assets | — |  |  | 364 |  |  | — |  |  | — |
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
| 2020 |  |  | 2019 |  |  | 2018 |  |  | 2020 |  |  | 2019 |  |  | 2018 |  |  | 2020 |  |  | 2019 |  |  | 2018 |
Service cost | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 7 |  |  | $ | 2 |  |  | $ | 2 |  |  | $ | 1 |
Interest cost | 14 |  |  | 56 |  |  | 55 |  |  | 8 |  |  | 9 |  |  | 8 |  |  | 1 |  |  | 1 |  |  | 1 |
Expected return on plan assets | (17 | ) |  | (57 | ) |  | (62 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Amortization of prior service cost | — |  |  | — |  |  | 1 |  |  | 1 |  |  | 1 |  |  | 1 |  |  | (6 | ) |  | (2 | ) |  | (25 | )
Recognized actuarial loss (gain), net | — |  |  | (1 | ) |  | — |  |  | 3 |  |  | 2 |  |  | 3 |  |  | 4 |  |  | 5 |  |  | (5 | )
Recognized settlement loss (gain) | (112 | ) |  | 19 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net periodic benefit cost (credit) | $ | (115 | ) |  | $ | 17 |  |  | $ | (6 | ) |  | $ | 12 |  |  | $ | 13 |  |  | $ | 19 |  |  | $ | 1 |  |  | $ | 6 |  |  | $ | (28 | )
Schedule Of Weighted Average Assumptions | Weighted average assumptions are as follows:
| Pension Benefits |  | Other Postretirement
| Qualified |  | Non-Qualified |  | Benefits
| 2020 |  |  | 2019 |  |  | 2018 |  |  | 2020 |  |  | 2019 |  |  | 2018 |  |  | 2020 |  |  | 2019 |  |  | 2018 |
Discount rate to determine net periodic benefit cost | 3.23 | % |  | 4.26 | % |  | 3.85 | % |  | 3.19 | % |  | 4.31 | % |  | 3.88 | % |  | 2.68 | % |  | 3.99 | % |  | 3.39 | %
Discount rate to determine benefit obligations | 1.70 | % |  | 3.23 | % |  | 4.26 | % |  | 2.63 | % |  | 3.16 | % |  | 4.31 | % |  | 1.95 | % |  | 2.68 | % |  | 4.11 | %
Rate of compensation increase | n/a |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a |  |  | 2.53 | % |  | n/a |  |  | n/a |  |  | n/a |
Expected return on plan assets | 3.50 | % |  | 3.50 | % |  | 4.20 | % |  | 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
2021 | $ | — |  |  | $ | 12 |  |  | $ | 4 |
2022 | — |  |  | 12 |  |  | 3 |
2023 | — |  |  | 13 |  |  | 3 |
2024 | 2 |  |  | 13 |  |  | 3 |
2025 | 1 |  |  | 13 |  |  | 3 |
2026-2030 | 3 |  |  | 63 |  |  | 10 |
The above benefit payments for other postretirement benefit plans are not expected to be offset by Medicare Part D subsidies in fiscal 2021.
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 |  | 2020 |  | 2019 |  | Implemented | 2020 | 2019 | 2018 |  | 2020 |  | Expiration Date of Collective Bargaining Agreement(a)
Bakery and Confectionery Union and Industry International Pension Fund | 52-6118572/001 |  | Red |  | Red |  | Nov 2012 |  | $1 | $1 | $2 |  | 10% |  | 2015-10-10
Pension Fund of Local 227 | 61-6054018/001 |  | Green |  | Green |  | n/a |  | $— | $0.2 | n/a |  | None |  | 2023-11-08
Retail, Wholesale and Department Store International Union and Industry Pension Fund | 63-0708442/001 |  | Red |  | Red |  | Nov 2015 |  | $— | $0.5 | n/a |  | 9% |  | 2021-11-07
(a) Renewal negotiations for the Bakery and Confectionery Union and Industry International Pension Fund are in progress.

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