Albertsons 2010 Annual Report Download - page 64
Download and view the complete annual report
Please find page 64 of the 2010 Albertsons annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
 |
 |
The benefit obligation, fair value of plan assets and funded status of the defined benefit pension plans and
other postretirement benefit plans consisted of the following:
2010 2009 2010 2009
Pension Benefits Other Postretirement Benefits
Change in Benefit Obligation
Benefit obligation at beginning of year $ 1,922 $ 1,940 $ 117 $ 153
Plan amendment — — — (37)
Service cost 6 7 2 1
Interest cost 138 129 8 10
Transfers (1) 2 — —
Actuarial loss (gain) 335 (85) 10 3
Benefits paid (80) (71) (6) (13)
Benefit obligation at end of year 2,320 1,922 131 117
Changes in Plan Assets
Fair value of plan assets at beginning of year 1,008 1,700 — —
Actual return on plan assets 503 (649) — —
Employer contributions 126 28 6 13
Plan participants’ contributions — — 7 11
Benefits paid (80) (71) (13) (24)
Fair value of plan assets at end of year 1,557 1,008 — —
Funded status at end of year $ (763) $ (914) $ (131) $ (117)
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 $2,300 and $1,892 as of
February 27, 2010 and February 28, 2009, respectively.
Amounts recognized in the Consolidated Balance Sheets consisted of the following:
2010 2009 2010 2009
Pension Benefits Other Postretirement Benefits
Accrued vacation, compensation and benefits $ (2) $ (2) $ (8) $ (7)
Other liabilities (761) (912) (123) (110)
$ (763) $ (914) $ (131) $ (117)
Amounts recognized in accumulated other comprehensive losses for the defined benefit pension plans and
other postretirement benefit plans consists of the following:
2010 2009 2010 2009
Pension Benefits Other Postretirement Benefits
Prior service benefit $ — $ — $ 33 $ 39
Net actuarial loss (780) (832) (37) (29)
Total recognized in accumulated other
comprehensive losses $ (780) $ (832) $ (4) $ 10
Total recognized in accumulated other
comprehensive losses, net of tax $ (475) $ (509) $ (3) $ 6
58