XML 65 R49.htm IDEA: XBRL DOCUMENT
v3.24.3

Pension and Other Postretirement Benefit Plans (Tables) | 12 Months Ended
--- | ---
Sep. 28, 2024
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 as of September 28, 2024 and September 30, 2023 (in millions):
| Pension Benefits |  | Other Postretirement
| Qualified |  | Non-Qualified |  | Benefits
| 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2024 |  | 2023
Change in benefit obligation |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year | $ | 18 |  |  | $ | 17 |  |  | $ | 158 |  |  | $ | 166 |  |  | $ | 50 |  |  | $ | 55 |
Service cost | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 2 |
Interest cost | 1 |  |  | 1 |  |  | 9 |  |  | 8 |  |  | 1 |  |  | 1 |
Curtailment gain | — |  |  | — |  |  | — |  |  | — |  |  | (16) |  |  | — |
Actuarial (gain)/loss | 3 |  |  | 1 |  |  | 14 |  |  | (3) |  |  | — |  |  | (5) |
Benefits paid | (1) |  |  | (1) |  |  | (14) |  |  | (13) |  |  | (3) |  |  | (3) |
Benefit obligation at end of year | 21 |  |  | 18 |  |  | 167 |  |  | 158 |  |  | 34 |  |  | 50 |
Change in plan assets |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year | 27 |  |  | 24 |  |  | — |  |  | — |  |  | — |  |  | — |
Actual return on plan assets | 4 |  |  | 4 |  |  | — |  |  | — |  |  | — |  |  | — |
Employer contributions | — |  |  | — |  |  | 14 |  |  | 13 |  |  | 3 |  |  | 3 |
Benefits paid | (1) |  |  | (1) |  |  | (14) |  |  | (13) |  |  | (3) |  |  | (3) |
Fair value of plan assets at end of year | 30 |  |  | 27 |  |  | — |  |  | — |  |  | — |  |  | — |
Funded status | $ | 9 |  |  | $ | 9 |  |  | $ | (167) |  |  | $ | (158) |  |  | $ | (34) |  |  | $ | (50) |
Schedule Of Amounts Recognized In The Consolidated Balance Sheets | Amounts recognized in the Consolidated Balance Sheets as of September 28, 2024 and September 30, 2023 consist of (in millions):
| Pension Benefits |  | Other Postretirement
| Qualified |  | Non-Qualified |  | Benefits
| 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2024 |  | 2023
Other assets | $ | 9 |  |  | $ | 9 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Other current liabilities | — |  |  | — |  |  | (14) |  |  | (13) |  |  | (7) |  |  | (2) |
Other liabilities | — |  |  | — |  |  | (153) |  |  | (145) |  |  | (27) |  |  | (48) |
Total assets (liabilities) | $ | 9 |  |  | $ | 9 |  |  | $ | (167) |  |  | $ | (158) |  |  | $ | (34) |  |  | $ | (50) |
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
| 2024 |  | 2023 |  | 2024 |  | 2023
Projected benefit obligation | $ | — |  |  | $ | — |  |  | $ | 167 |  |  | $ | 158 |
Accumulated benefit obligation | — |  |  | — |  |  | 167 |  |  | 158 |
Fair value of plan assets | — |  |  | — |  |  | — |  |  | — |
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 for fiscal years ended 2024, 2023 and 2022 (in millions):
| Pension Benefits |  | Other Postretirement
| Qualified |  | Non-Qualified |  | Benefits
| 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022
Service cost | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | 2 |  |  | $ | 1 |
Interest cost | 1 |  |  | 1 |  |  | 1 |  |  | 9 |  |  | 8 |  |  | 6 |  |  | 1 |  |  | 1 |  |  | 1 |
Expected return on plan assets | (1) |  |  | (1) |  |  | (1) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Amortization of prior service cost | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |  |  | 1 |  |  | 4 |  |  | 5 |  |  | 4 |
Recognized actuarial loss (gain), net | — |  |  | — |  |  | — |  |  | (2) |  |  | (3) |  |  | 3 |  |  | — |  |  | (5) |  |  | (8) |
Net periodic benefit cost (credit) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 8 |  |  | $ | 6 |  |  | $ | 10 |  |  | $ | 7 |  |  | $ | 3 |  |  | $ | (2) |
Schedule Of Weighted Average Assumptions | Weighted average assumptions are as follows for fiscal years ended 2024, 2023 and 2022:
| Pension Benefits |  | Other Postretirement
| Qualified |  | Non-Qualified |  | Benefits
| 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022
Discount rate to determine net periodic benefit cost | 5.70 | % |  | 5.20 | % |  | 2.00 | % |  | 5.79 | % |  | 5.42 | % |  | 2.83 | % |  | 4.92 | % |  | 4.59 | % |  | 2.07 | %
Discount rate to determine benefit obligations | 5.00 | % |  | 5.70 | % |  | 5.20 | % |  | 4.85 | % |  | 5.79 | % |  | 5.42 | % |  | 3.44 | % |  | 4.92 | % |  | 4.59 | %
Rate of compensation increase | n/a |  | n/a |  | n/a |  | n/a |  | n/a |  | n/a |  | n/a |  | n/a |  | n/a
Expected return on plan assets | 5.70 | % |  | 5.20 | % |  | 2.00 | % |  | 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
2025 | $ | 1 |  |  | $ | 13 |  |  | $ | 2 |
2026 | 1 |  |  | 14 |  |  | 3 |
2027 | 1 |  |  | 13 |  |  | 2 |
2028 | 1 |  |  | 13 |  |  | 2 |
2029 | 1 |  |  | 13 |  |  | 2 |
2030-2034 | 4 |  |  | 60 |  |  | 6 |
The above benefit payments for other postretirement benefit plans are not expected to be offset by Medicare Part D subsidies in fiscal 2025.
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 |  | 2024 |  | 2023 |  | Implemented | 2024 | 2023 | 2022 |  | 2024 |  | Expiration Date of Collective Bargaining Agreement
Bakery and Confectionery Union and Industry International Pension Fund | 52-6118572/001 |  | Red |  | Red |  | Nov 2012 |  | $2 | $2 | $2 |  | 10% |  | 2027-08-01
Schedule of Net Periodic Benefit Cost Not yet Recognized | Pre-tax amounts recognized in Accumulated Other Comprehensive Income as of September 28, 2024 and September 30, 2023 consist of (in millions):
| Pension Benefits |  | Other Postretirement
| Qualified |  | Non-Qualified |  | Benefits
| 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2024 |  | 2023
Accumulated other comprehensive (income)/loss: |  |  |  |  |  |  |  |  |  |  |
Actuarial (gain) loss | $ | 2 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | (15) |  |  | $ | 4 |  |  | $ | 9 |
Prior service (credit) cost | — |  |  | — |  |  | — |  |  | 1 |  |  | (4) |  |  | (5) |
Total accumulated other comprehensive (income)/loss: | $ | 2 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | (14) |  |  | $ | — |  |  | $ | 4 |

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/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-3 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-3 + Details
Name: | us-gaap_ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (k) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 715 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-4 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-2 + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Topic 715 -SubTopic 20 -Subparagraph (f) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about multiemployer plan. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 80 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480547/715-80-55-8 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 80 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480576/715-80-50-5 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 80 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480576/715-80-50-5 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 80 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480576/715-80-50-5 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 80 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480576/715-80-50-5 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 80 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (e)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480576/715-80-50-5 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 80 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (e)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480576/715-80-50-5 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 80 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480576/715-80-50-5 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 80 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480576/715-80-50-5 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 80 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480576/715-80-50-9 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 80 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480576/715-80-50-9 + Details
Name: | us-gaap_ScheduleOfMultiemployerPlansTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income or loss that have not yet been recognized as components of net periodic benefit cost, such as the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (j) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfNetPeriodicBenefitCostNotYetRecognizedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration