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Pensions And Other Postretirement Benefits (Tables)
 12 Months Ended
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.