Albertsons 2010 Annual Report Download - page 68

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The fair value of assets of the Company’s benefit plans held in a master trust as of February 27, 2010, by
asset category, consisted of the following:
Level 1 Level 2 Level 3 Total
Common stock $ 644 $ 28 $ — $ 672
Common collective trusts—equity — 227 — 227
Common collective trusts—fixed income — 232 — 232
Corporate bonds 1 175 — 176
Government securities 52 86 — 138
Mortgage backed securities — 65 — 65
Private equity — — 35 35
Mutual funds 1 8 — 9
Other — 3 — 3
Total plan assets at fair value $ 698 $ 824 $ 35 $ 1,557
The following is a summary of changes in the fair value for level 3 investments as of February 27, 2010:
Level 3 Assets
Beginning balance $14
Unrealized gains relating to instruments still held at the reporting date 3
Purchases, sales, issuances and settlements (net) 18
Ending balance $35
Contributions
The Company expects to contribute $81 to its defined benefit pension plans and $8 to its postretirement
benefit plans in fiscal 2011. The Company’s funding policy for the defined benefit pension plans is to
contribute the minimum contribution allowed under the Employee Retirement Income Security Act of 1974,
with consideration given to contributing larger amounts in order to be exempt from Pension Benefit Guaranty
Corporation variable rate premiums or participant notices of underfunding. The Company will recognize
contributions in accordance with applicable regulations, with consideration given to recognition for the earliest
plan year permitted.
Estimated Future Benefit Payments
The estimated future benefit payments to be paid from the Company’s defined benefit pension plans and other
postretirement benefit plans, which reflect expected future service, are as follows:
Fiscal Year Pension Benefits
Other
Postretirement
Benefits
2011 $ 84 $ 8
2012 90 8
2013 98 8
2014 108 9
2015 115 9
Years 2016-2020 720 51
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