Kroger 2013 Annual Report Download - page 139
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A-66
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
The Company uses the RP-2000 projected 2021 mortality table in calculating the pension obligation.
Pension Benefits
Qualified Plans Non-Qualified Plan Other Benefits
2013 2012 2011 2013 2012 2011 2013 2012 2011
Components of net periodic benefit cost:
Service cost......................... $ 40 $ 44 $ 41 $ 3 $ 3 $ 3 $17 $16 $13
Interest cost ........................ 144 146 158 99 10 15 16 17
Expected return on plan assets.......... (224) (210) (207) —— — —— —
Amortization of:
Prior service cost (credit) ........... —— — —— 1 (4) (4) (5)
Actuarial (gain) loss ................ 93 88 57 99 7 —— (2)
Net periodic benefit cost ................. $ 53 $ 68 $ 49 $21 $21 $21 $28 $28 $23
The following table provides the projected benefit obligation (“PBO”), accumulated benefit obligation
(“ABO”) and the fair value of plan assets for all Company-sponsored pension plans.
Qualified Plans Non-Qualified Plan
2013 2012 2013 2012
PBO at end of fiscal year .................... $3,509 $3,443 $263 $221
ABO at end of fiscal year .................... $3,360 $3,278 $256 $211
Fair value of plan assets at end of year ......... $3,135 $2,746 $ — $ —
The following table provides information about the Company’s estimated future benefit payments.
Pension
Benefits
Other
Benefits
2014 ....................................................... $ 201 $ 16
2015 ....................................................... $ 204 $ 18
2016 ....................................................... $ 203 $ 19
2017 ....................................................... $ 211 $ 21
2018 ....................................................... $ 221 $ 23
2019 – 2023 ................................................. $1,232 $135
The following table provides information about the weighted average target and actual pension plan
asset allocations.
Target
allocations
Actual
Allocations
2013 2013 2012
Pension plan asset allocation
Global equity securities ..................................... 14.6% 15.0% 19.2%
Emerging market equity securities ............................. 5.6 6.2 8.9
Investment grade debt securities .............................. 11.6 10.4 8.1
High yield debt securities .................................... 12.7 12.5 17.3
Private equity ............................................. 9.1 7.7 6.0
Hedge funds .............................................. 32.9 34.2 27.2
Real estate ................................................ 3.3 3.3 3.3
Other.................................................... 10.2 10.7 10.0
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0% 100.0% 100.0%