Kroger 2015 Annual Report Download - page 138
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A-64
Information with respect to change in benefit obligation, change in plan assets, the funded status
of the plans recorded in the Consolidated Balance Sheets, net amounts recognized at the end of fiscal
years, weighted average assumptions and components of net periodic benefit cost follow:
Pension Benefits
Qualified Plans Non-Qualified Plans
Other
Benefits
2015 2014 2015 2014 2015 2014
Change in benefit obligation:
Benefit obligation at beginning of fiscal year $4,102 $3,509 $ 304 $ 263 $ 275 $ 294
Service cost 62 48 3 3 10 11
Interest cost 154 169 12 13 9 13
Plan participants’ contributions — — — — 10 11
Actuarial (gain) loss (411) 539 (17) 40 (39) 14
Benefits paid (162) (163) (17) (15) (19) (21)
Other (17) — 3 — (2) (47)
Assumption of Roundy’s benefit obligation 194 — 2 — — —
Benefit obligation at end of fiscal year $3,922 $4,102 $ 290 $ 304 $ 244 $ 275
Change in plan assets:
Fair value of plan assets at beginning of
fiscal year $3,189 $3,135 $ — $ — $ — $ —
Actual return on plan assets (124) 217 — — — —
Employer contributions 5 — 17 15 9 10
Plan participants’ contributions — — — — 10 11
Benefits paid (162) (163) (17) (15) (19) (21)
Other (18) — — — — —
Assumption of Roundy’s plan assets 155 — — — — —
Fair value of plan assets at end of fiscal year $3,045 $3,189 $ — $ — $ — $ —
Funded status at end of fiscal year $ (877) $ (913) $ (290) $ (304) $(244) $(275)
Net liability recognized at end of fiscal year $ (877) $ (913) $ (290) $ (304) $(244) $(275)
As of January 30, 2016 and January 31, 2015, other current liabilities include $31 and $29,
respectively, of net liability recognized for the above benefit plans.
As of January 30, 2016 and January 31, 2015, pension plan assets do not include common shares
of The Kroger Co.
Pension Benefits Other Benefits
Weighted average assumptions 2015 2014 2013 2015 2014 2013
Discount rate – Benefit obligation 4.62% 3.87% 4.99% 4.44% 3.74% 4.68%
Discount rate – Net periodic benefit cost 3.87% 4.99% 4.29% 3.74% 4.68% 4.11%
Expected long-term rate of return on
plan assets 7.44% 7.44% 8.50%
Rate of compensation increase –
Net periodic benefit cost 2.85% 2.86% 2.77%
Rate of compensation increase –
Benefit obligation 2.71% 2.85% 2.86%