Kroger 2011 Annual Report Download - page 108

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A-53
NO T E S T O CO N S O L I D A T E D FI N A N C I A L ST A T E M E N T S , CO N T I N U E D
In addition to providing pension benefits, the Company provides certain health care benefits for retired
employees. The majority of the Company’s employees may become eligible for these benefits if they reach
normal retirement age while employed by the Company. Funding of retiree health care benefits occurs as
claims or premiums are paid.
The Company recognizes the funded status of its retirement plans on the Consolidated Balance Sheet.
Actuarial gains or losses, prior service costs or credits and transition obligations that have not yet been
recognized as part of net periodic benefit cost are required to be recorded as a component of AOCI. All plans
are measured as of the Company’s fiscal year end.
Amounts recognized in AOCI as of January 28, 2012 and January 29, 2011 consist of the following
(pre-tax):
Pension Benefits Other Benefits Total
2011 2010 2011 2010 2011 2010
Net actuarial loss (gain) . . . . . . . . . . . . . . . . . . . . . . $1,329 $942 $ (21) $ (55) $1,308 $887
Prior service cost (credit) ..................... 34(12) (17) (9) (13)
Transition obligation ......................... 11——11
Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,333 $947 $ (33) $ (72) $1,300 $875
Amounts in AOCI expected to be recognized as components of net periodic pension or postretirement
benefit costs in the next fiscal year are as follows (pre-tax):
Pension
Benefits Other Benefits Total
2012 2012 2012
Net actuarial loss (gain) . . . . . . . . . . . . . . . . . . . . . . $101 $ — $101
Prior service cost (credit) ..................... 1 (4) (3)
Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $102 $ (4) $ 98
Other changes recognized in other comprehensive income in 2011, 2010, and 2009 were as follows
(pre-tax):
Pension Benefits Other Benefits Total
2011 2010 2009 2011 2010 2009 2011 2010 2009
Incurred net actuarial loss (gain) .... $451 $ (18) $142 $32 $ 4 $21 $483 $ (14) $163
Incurred prior service cost ......... —— — —— — —— —
Amortization of prior service
credit (cost) .................. (1) (1) (2) 55 7 44 5
Amortization of net actuarial
gain (loss) ................... (64) (50) (14) 23 5 (62) (47) (9)
Total recognized in other
comprehensive income ......... 386 (69) 126 39 12 33 425 (57) 159
Total recognized in net periodic
benefit cost and other
comprehensive income ......... $456 $ (4) $157 $62 $33 $49 $518 $ 29 $206