Kroger 2012 Annual Report Download - page 118

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A-60
NO T E S T O C O N S O L I D A T E D F I N A N C I A L S T 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 February 2, 2013 and January 28, 2012 consist of the following (pre-tax):
Pension Benefits Other Benefits Total
2012 2011 2012 2011 2012 2011
Net actuarial loss (gain) . . . . . . . . . . . . . . $1,206 $1,329 $(15) $(21) $1,191 $1,308
Prior service cost (credit) . . . . . . . . . . . . . 33(8) (12) (5) (9)
Transition obligation . . . . . . . . . . . . . . . . . —1———1
Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,209 $1,333 $(23) $(33) $1,186 $1,300
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
2013 2013 2013
Net actuarial loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $101 $— $101
Prior service cost (credit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 (4) (3)
Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $102 $(4) $ 98
Other changes recognized in other comprehensive income in 2012, 2011, and 2010 were as follows (pre-tax):
Pension Benefits Other Benefits Total
2012 2011 2010 2012 2011 2010 2012 2011 2010
Incurred net actuarial loss (gain) . . . . . . . . . $ (33) $451 $(18) $ 5 $32 $ 4 $ (28) $483 $(14)
Amortization of prior service
credit (cost) . . . . . . . . . . . . . . . . . . . . . . . —(1) (1) 55 5 54 4
Amortization of net actuarial
gain (loss) . . . . . . . . . . . . . . . . . . . . . . . . (97) (64) (50) —2 3 (97) (62) (47)
Total recognized in other
comprehensive income . . . . . . . . . . . . . . (130) 386 (69) 10 39 12 (120) 425 (57)
Total recognized in net periodic
benefit cost and other
comprehensive income . . . . . . . . . . . . . . $ (41) $456 $ (4) $38 $62 $33 $ (3) $518 $ 29