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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.

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