Albertsons 2008 Annual Report Download - page 101

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SUPERVALU INC. and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Amounts recognized in the Consolidated Balance Sheets consist of the following:
Pension Benefits
Other
Postretirement
Benefits
2008 2007 2008 2007
Accrued vacation, compensation and benefits $ (1) $ (1) $ (11) $ (13)
Other liabilities (239) (435) (142) (157)
$(240) $(436) $(153) $(170)
Benefit calculations for the legacy SUPERVALU sponsored defined benefit pension plans for primarily
non-union eligible participants are generally based on years of eligible service and the participants’ highest
compensation during five consecutive years of employment. Benefit calculations for Acquired Operation retirees
are based upon age at retirement, years of eligible service and average compensation.
Net periodic benefit expense for defined benefit pension plans and other postretirement benefit plans consisted of
the following:
Pension Benefits
Other
Postretirement
Benefits
2008 2007 2006 2008 2007 2006
Net Periodic Benefit Cost
Service cost $ 27 $ 33 $ 21 $ 2 $ 2 $ 2
Interest cost 124 99 42 9 9 9
Expected return on plan assets (135) (105) (41) — — —
Amortization of prior service cost (benefit) — 2 2 (2) (2) (2)
Amortization of net actuarial loss 13 27 24 5 5 6
Curtailment 6 — — — — —
Net periodic benefit expense 35 $ 56 $ 48 14 $14 $15
Other Changes in Plan Assets and Benefit Obligations
Recognized in Other Comprehensive Income
Prior service benefit (6) —
Amortization of prior service benefit — 2
Net actuarial gain (139) (17)
Amortization of net actuarial loss (13) (5)
Total recognized in other comprehensive income (158) (20)
Total recognized in net periodic benefit expense and other
comprehensive income $(123) $ (6)
The estimated net actuarial loss that will be amortized from accumulated other comprehensive losses into net
periodic benefit cost for the defined benefit pension plans during fiscal 2009 is $1. The estimated net amount of
prior service benefit for the postretirement benefit plans that will be amortized from accumulated other
comprehensive losses into net periodic benefit cost during fiscal 2009 is $1.
F-35