Albertsons 2008 Annual Report Download - page 100

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SUPERVALU INC. and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
end in these plans and no employees will become eligible to participate in these plans after December 31, 2007.
Pay increases will continue to be reflected in the amount of benefit earned in these plans until December 31,
2012. The amendments to the plans were accounted for as plan curtailments in the first quarter of fiscal 2008.
Effective for fiscal 2007, the Company adopted SFAS No. 158, except for the measurement date provision which
was adopted as of February 25, 2007. SFAS No. 158 requires the recognition of the funded status of the
Company’s sponsored defined benefit plans in its Consolidated Balance Sheets.
The benefit obligation, fair value of plan assets and funded status of the defined benefit pension plans and other
postretirement benefit plans are as follows:
Pension Benefits
Other
Postretirement
Benefits
2008 2007 2008 2007
Change in Benefit Obligation (1)
Benefit obligation at beginning of year $2,171 $ 801 $ 170 $ 144
Acquired Operations benefit obligation at Acquisition Date — 1,159 — 27
Change in measurement date (9) — (2) —
Service cost 27 33 2 2
Interest cost 124 99 9 9
Curtailment (38) — — —
Transfers (3) (2) — —
Actuarial (gain) loss (263) 150 (16) (1)
Benefits paid (69) (69) (10) (11)
Benefit obligation at end of year $1,940 $2,171 $ 153 $ 170
Changes in Plan Assets
Fair value of plan assets at beginning of year $1,735 $ 556 $ — $ —
Acquired Operations fair value of plan assets at Acquisition Date — 1,015 — —
Change in measurement date 24 — — —
Actual return on plan assets (28) 174 — —
Employer contributions 38 59 15 11
Plan participants’ contributions — — 10 5
Benefits paid (69) (69) (25) (16)
Fair value of plan assets at end of year $1,700 $1,735 $ — $ —
Funded status at end of year $ (240) $ (436) $(153) $(170)
(1) For the defined benefit pension plans, the benefit obligation is the projected benefit obligation. For other
postretirement benefit plans, the benefit obligation is the accumulated postretirement benefit obligation.
The Company’s accumulated benefit obligation for the defined benefit pension plans was $1,901 and $2,098 at
February 23, 2008 and February 24, 2007, respectively.
F-34