XML 32 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
Pensions (Tables) (Pension Plans, Defined Benefit [Member])
 12 Months Ended
Sep. 30, 2012
Pension Plans, Defined Benefit [Member]
  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Expected Benefit Payments [Table Text Block]
We anticipate future benefit payments to be paid from the pension trust as follows:
(Thousands of Dollars)
 
 
 
2013
11,421

2014
11,263

2015
11,277

2016
11,356

2017
11,430

2018-2022
57,603
Schedule of Allocation of Plan Assets [Table Text Block]
The weighted-average asset allocation of our pension assets is as follows:
(Percent)
 
Actual Allocation
Asset Class
Current Policy Allocation

September 30
2012
September 25
2011
 
 
 
 
Equity securities
50-75

63
66
Debt securities
25-35

29
33
Private equity investments
0-12

—
—
Cash and cash equivalents
—

2
1
Receivables, net
—

6
—
Schedule of Assumptions Used [Table Text Block]
Weighted-average assumptions used to determine benefit obligations are as follows:
(Percent)
September 30
2012
 
September 25
2011
 
 
 
 
Discount rate
3.85
 
4.4
Rate of compensation increase
NA
 
3.5
Weighted-average assumptions used to determine net periodic benefit cost are as follows:
(Percent)
2012

 
2011

 
2010

 
 
 
 
 
 
Discount rate
4.4

 
4.8

 
5.5

Expected long-term return on plan assets
7.9

 
8.0

 
8.0

Rate of compensation increase
NA

 
3.5

 
3.5
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
The net periodic cost components of our pension plans are as follows:
(Thousands of Dollars)
2012

 
2011

 
2010

 
 
 
 
 
 
Service cost for benefits earned during the year
30

 
169

 
792

Interest cost on projected benefit obligation
7,975

 
8,354

 
8,888

Expected return on plan assets
(8,891
)
 
(9,733
)
 
(9,568
)
Amortization of net loss
2,370

 
812

 
453

Amortization of prior service benefit
(136
)
 
(137
)
 
(136
)
Curtailment gains
—

 
—

 
(2,004
)
Net periodic pension cost (benefit)
1,348

 
(535
)
 
(1,575
)
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]
Changes in benefit obligations and plan assets are as follows:
(Thousands of Dollars)
2012

 
2011

 
 
 
 
Benefit obligation, beginning of year
186,826

 
178,179

Service cost
30

 
169

Interest cost
7,975

 
8,354

Actuarial loss
17,268

 
12,299

Benefits paid
(10,880
)
 
(11,584
)
Curtailment gain
—

 
(591
)
Benefit obligation, end of year
201,219

 
186,826

Fair value of plan assets, beginning of year:
115,596

 
125,464

Actual return on plan assets
24,849

 
1,007

Benefits paid
(10,880
)
 
(11,584
)
Administrative expenses paid
(1,472
)
 
(1,428
)
Employer contributions
6,807

 
2,137

Fair value of plan assets, end of year
134,900

 
115,596

Funded status - benefit obligation in excess of plan assets
66,319

 
71,230
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
Disaggregated amounts recognized in the Consolidated Balance Sheets are as follows:
(Thousands of Dollars)
September 30
2012

 
September 25
2011

 
 
 
 
Pension obligations
66,319

 
71,230

Accumulated other comprehensive loss (before income taxes)
(50,945
)
 
(50,396
)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
Amounts recognized in accumulated other comprehensive income are as follows:
(Thousands of Dollars)
September 30
2012

 
September 25
2011

 
 
 
 
Unrecognized net actuarial loss
(51,871
)
 
(51,459
)
Unrecognized prior service benefit
926

 
1,063

 
(50,945
)
 
(50,396
)
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
The fair value hierarchy of pension assets at September 30, 2012 is as follows:
(Thousands of Dollars)
Level 1

Level 2

Level 3

 
 
 
 
Cash and cash equivalents
2,029

—

—

Receivables, net
8,117

—

—

Domestic equity securities
27,499

47,714

—

International equity securities
—

9,613

—

Debt securities
32,169

7,759

—