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BENEFIT PLANS | 9 Months Ended
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May 02, 2020
Retirement Benefits [Abstract] |
BENEFIT PLANS | NOTE 13—BENEFIT PLANS Net periodic benefit (income) cost and contributions to defined benefit pension and other post-retirement benefit plans consisted of the following:
| 13-Week Period Ended
| Pension Benefits |  | Other Postretirement Benefits
(in thousands) | May 2, 2020 |  | April 27, 2019 |  | May 2, 2020 |  | April 27, 2019
Net Periodic Benefit (Income) Cost |  |  |  |  |  |  |
Service cost | $ | — |  |  | $ | — |  |  | $ | 14 |  |  | $ | 55 |
Interest cost | 13,602 |  |  | 24,004 |  |  | 236 |  |  | 478 |
Expected return on plan assets | (25,765 | ) |  | (35,416 | ) |  | (54 | ) |  | (58 | )
Amortization of net actuarial loss (gain) | 3 |  |  | — |  |  | (780 | ) |  | — |
Net periodic benefit (income) cost | $ | (12,160 | ) |  | $ | (11,412 | ) |  | $ | (584 | ) |  | $ | 475 |
Contributions to benefit plans | $ | (1,500 | ) |  | $ | (2,386 | ) |  | $ | (175 | ) |  | $ | (92 | )
| 39-Week Period Ended
| Pension Benefits |  | Other Postretirement Benefits
(in thousands) | May 2, 2020 |  | April 27, 2019 |  | May 2, 2020 |  | April 27, 2019
Net Periodic Benefit (Income) Cost |  |  |  |  |  |  |
Service cost | $ | — |  |  | $ | — |  |  | $ | 42 |  |  | $ | 114 |
Interest cost | 43,894 |  |  | 49,855 |  |  | 708 |  |  | 993 |
Expected return on plan assets | (79,834 | ) |  | (73,555 | ) |  | (162 | ) |  | (121 | )
Amortization of net actuarial loss (gain) | 9 |  |  | — |  |  | (2,337 | ) |  | — |
Pension settlement charge | 10,303 |  |  | — |  |  | — |  |  | — |
Net periodic benefit (income) cost | $ | (25,628 | ) |  | $ | (23,700 | ) |  | $ | (1,749 | ) |  | $ | 986 |
Contributions to benefit plans | $ | (6,750 | ) |  | $ | (2,574 | ) |  | $ | (335 | ) |  | $ | (218 | )
Pension Contributions No minimum pension contributions are required to be made to the SUPERVALU Retirement Plan in fiscal 2020. Minimum pension contributions of $8.25 million are required to be made under the Unified Grocers, Inc. Cash Balance Plan under the Employee Retirement Income Security Act of 1974, as amended, (“ERISA”) in fiscal 2020. The Company expects to contribute approximately $0.0 million and $6.0 million to its other defined benefit pension plans and postretirement benefit plans, respectively, in fiscal 2020. Multiemployer Pension Plans The Company contributed $12.3 million and $13.8 million in the third quarters of fiscal 2020 and 2019, respectively, and $38.4 million and $27.4 million in fiscal 2020 and 2019 year-to-date, respectively, to continuing and discontinued operations multiemployer pension plans. In connection with the Company’s consolidation of distribution centers in the Pacific Northwest, during the second quarter of fiscal 2020, the Company recorded a $10.6 million multiemployer pension plan withdrawal liability, under which payments will be made over a one-year period beginning in fiscal 2022. The withdrawal liability is included in Other long-term liabilities and the withdrawal charge was recorded within Restructuring, acquisition and integration related expenses. Lump Sum Pension Settlement On August 1, 2019, the Company amended the SUPERVALU Retirement Plan to provide for a lump sum settlement window. On August 2, 2019, the Company sent plan participants lump sum settlement election offerings that committed the plan to pay certain deferred vested pension plan participants and retirees, who make such an election, a lump sum payment in exchange for their rights to receive ongoing payments from the plan. The lump sum payment amounts are equal to the present value of the participant’s pension benefits, and were made to certain former (i) retired associates and beneficiaries who are receiving their monthly pension benefit payment and (ii) terminated associates who are deferred vested in the plan, had not yet begun receiving monthly pension benefit payments and who are not eligible for any prior lump sum offerings under the plan. Benefit obligations associated with the lump sum offering have been incorporated into the funded status utilizing the actuarially determined lump sum payments based on estimated offer acceptances. The plan made aggregate lump sum settlement payments of $664.0 million to plan participants during the second quarter of fiscal 2020. The lump sum settlement payments resulted in a non-cash pension settlement charge of $10.3 million in the second quarter of fiscal 2020 from the acceleration of a portion of the accumulated unrecognized actuarial loss, which was based on the fair value of SUPERVALU Retirement Plan assets and remeasured liabilities. As a result of the settlement payments, the SUPERVALU Retirement Plan obligations were remeasured using a discount rate of 3.1 percent and the MP-2019 mortality improvement scale. This remeasurement resulted in a $1.5 million decrease to Accumulated other comprehensive loss.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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