Albertsons 2007 Annual Report Download - page 110

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SU
PERVAL
U
IN
C
. and
S
ubsidiaries
N
OTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
T
he estimated future benefit pa
y
ments to be paid from the Compan
y
’s defined benefit pension plans and othe
r
p
ostretirement benefit
p
lans, which reflect ex
p
ected future service, are as follows:
Pension Benefits
(
1
)
P
os
tr
e
tir
e
m
e
nt
Benefit
s
Fi
scal Year
2008 $ 62 $1
3
200
96
814
2010
7
414
2011 80 14
2012 87 14
Y
ears 2013-2017
5
76 7
7
(1) Pens
i
on
b
ene
fi
ts
i
nc
l
u
d
et
h
e est
i
mate
df
uture
b
ene
fi
t payments
f
or t
h
eun
f
un
d
e
d
, nonqua
lifi
e
d
pens
i
on p
l
an
s
s
ponsore
dby
t
h
e Compan
y
.
D
e
f
ined Bene
f
it Pension Plans
B
enefit calculations for the le
g
ac
y
SUPERVALU’s sponsored defined benefit pension plans for primaril
y
non-un
i
on e
li
g
ibl
e part
i
c
i
pants are genera
ll
y
b
ase
d
on years o
f
e
li
g
ibl
e serv
i
ce an
d
t
h
e part
i
c
i
pants’
hi
g
h
est
compensat
i
on
d
ur
i
n
gfi
ve consecut
i
ve
y
ears o
f
emp
l
o
y
ment. Bene
fi
ts pa
id
to Acqu
i
re
d
Operat
i
on ret
i
rees ar
e
based upon a
g
e at retirement,
y
ears of eli
g
ible service and avera
g
e compensation. The Compan
y
’s accumulate
d
benefit obligation for the qualified defined benefit pension plans was
$
2,072 and
$
719 at February 24, 2007 and
Februar
y
25, 2006, respectivel
y
.
Th
e Company a
l
so sponsors certa
i
n supp
l
ementa
l
execut
i
ve ret
i
rement
b
ene
fi
tp
l
ans w
hi
c
h
are un
f
un
d
e
d
,
nonqua
lifi
e
d
p
l
ans w
hi
c
h
prov
id
e certa
i
n
k
e
y
emp
l
o
y
ees ret
i
rement
b
ene
fi
ts t
h
at supp
l
ement t
h
ose prov
id
e
dby
the Compan
y
’s other retirement plans. The pro
j
ected benefit obli
g
ation for the unfunded, nonqualified plans wa
s
$
30 and
$
22 at February 24, 2007 and February 25, 2006, respectively. The accumulated benefit obligation fo
r
these plans totaled $26 and $18 at Februar
y
24, 2007 and Februar
y
25, 2006, respectivel
y
. Net periodic pensio
n
cost was $5, $3 and $4 for fiscal 2007, 2006 and 2005, respectivel
y
. The amount reco
g
nized in accumulated
o
ther comprehensive income/loss for prior service cost and net actuarial loss, before tax, are
$
2 and
$
16
,
respectivel
y
, at Februar
y
24, 2007 and $0 and $7, respectivel
y
, at Februar
y
25, 2006. The estimated prior servic
e
cost and net actuarial loss that will be amortized from accumulated other com
p
rehensive income/loss into net
periodic benefit cost for over the next fiscal year are
$
1 and
$
2, respectively
.
At Februar
y
24, 2007 and Februar
y
2
5
, 2006, the accumulated benefit obli
g
ation for all defined benefit pensio
n
p
l
ans excee
d
e
d
t
h
e
f
a
i
rva
l
ue o
f
t
h
e respect
i
ve p
l
an assets
.
F-
44