Albertsons 2003 Annual Report Download - page 67

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SUPERVALU INC. and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The following tables set forth the changes in benefit obligations and plan assets, a reconciliation of the
accrued benefit costs and total benefit costs for the fiscal years for the company’s non-union defined benefit
pension plans and the post retirement benefit plans:
Pension Benefits Post Retirement Benefits
February 22,
2003
February 23,
2002
February 22,
2003
February 23,
2002
(In thousands)
CHANGES IN BENEFIT OBLIGATIONS
Benefit obligations at beginning of year $ 466,770 $412,517 $ 103,687 $ 86,246
Service cost 18,333 17,487 1,790 1,902
Interest cost 33,228 31,163 7,336 6,031
Plan amendments 10,123 — — (8,294)
Actuarial (gain) loss (5,709) 25,544 5,445 22,396
Benefits paid (20,362) (19,941) (6,938) (4,594)
Benefit obligations at end of year $ 502,383 $466,770 $ 111,320 $ 103,687
CHANGES IN PLAN ASSETS
Fair value of plan assets at beginning of year $ 396,034 $409,685 $ — $ —
Actual return on plan assets (26,846) (11,845) — —
Company contributions 44,278 18,135 4,120 3,424
Plan participants’ contributions — — 6,938 4,594
Benefits paid (20,362) (19,941) (11,058) (8,018)
Fair value of plan assets at end of year $ 393,104 $396,034 $ — $ —
RECONCILIATION OF PREPAID (ACCRUED) COST
AND TOTAL AMOUNT RECOGNIZED
Funded status $(109,279) $ (70,736) $(111,320) $(103,687)
Accrued contribution — 3,000 — —
Unrecognized net loss 169,611 110,236 46,003 43,302
Unrecognized prior service cost 10,134 (148) (6,738) (7,938)
Prepaid (accrued) cost $ 70,466 $ 42,352 $ (72,055) $ (68,323)
Prepaid benefit cost $ — $ 42,352
Accrued benefit liability (52,144) —
Intangible asset 10,134 —
Accumulated other comprehensive income 112,476 —
Total recognized $ 70,466 $ 42,352
F-32