Albertsons 2004 Annual Report Download - page 80

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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 28,
2004
February 22,
2003
February 28,
2004
February 22,
2003
(In thousands)
CHANGES IN BENEFIT OBLIGATIONS
Benefit obligations at beginning of year $ 502,383 $ 466,770 $ 111,320 $ 103,687
Service cost 18,243 18,333 1,350 1,790
Interest cost 35,003 33,228 7,457 7,336
Plan amendments — 10,123 (4,495) —
Actuarial (gain) loss 86,248 (5,709) 17,025 5,445
Benefits paid (23,307) (20,362) (7,576) (6,938)
Benefit obligations at end of year $ 618,570 $ 502,383 $ 125,081 $ 111,320
CHANGES IN PLAN ASSETS
Fair value of plan assets at beginning of year $ 393,104 $ 396,034 $ — $ —
Actual return on plan assets 72,012 (26,846) — —
Company contributions 25,000 44,278 7,576 6,938
Plan participants’ contributions — — 4,801 4,120
Benefits paid (23,307) (20,362) (12,377) (11,058)
Fair value of plan assets at end of year $ 466,809 $ 393,104 $ — $ —
RECONCILIATION OF PREPAID (ACCRUED) COST
AND TOTAL AMOUNT RECOGNIZED
Funded status $(151,761) $(109,279) $(125,081) $(111,320)
Accrued contribution ————
Unrecognized net loss 216,919 169,611 59,723 46,003
Unrecognized prior service cost 9,027 10,134 (10,033) (6,738)
Prepaid (accrued) cost $ 74,185 $ 70,466 $ (75,391) $ (72,055)
Prepaid benefit cost $ — $ —
Accrued benefit liability (90,439) (52,144)
Intangible asset 9,027 10,134
Accumulated other comprehensive income 155,597 112,476
Total recognized $ 74,185 $ 70,466
F-33