Albertsons 2011 Annual Report Download - page 61

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Net periodic benefit expense (income) for defined benefit pension plans and other postretirement benefit plans
consisted of the following:
Net Periodic Benefit Cost 2011 2010 2009 2011 2010 2009
Pension Benefits Other Postretirement Benefits
Service cost $ 8 $ 6 $ 7 $ 2 $ 2 $ 1
Interest cost 137 138 129 8 8 10
Expected return on plan assets (123) (129) (142) — — —
Amortization of prior service
benefit — — — (6) (6) (1)
Amortization of net actuarial
loss 65 10 1223
Settlement 9 2 — — — —
Net periodic benefit expense
(income) 96 27 (5) 6 6 13
Other Changes in Plan
Assets and Benefit
Obligations Recognized in
Other Comprehensive
Income (Loss)
Prior service benefit —————(38)
Amortization of prior service
benefit — — — 6 6 1
Net actuarial loss (gain) (12) (42) 707 13 10 3
Amortization of net actuarial
loss (65) (10) (1) (2) (2) (3)
Total recognized in other
comprehensive income
(loss) (77) (52) 706 17 14 (37)
Total recognized in net
periodic benefit expense
and other comprehensive
income (loss) $ 19 $ (25) $ 701 $ 23 $ 20 $ (24)
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 2012 is $93. The estimated net amount
of prior service benefit and net actuarial loss for the postretirement benefit plans that will be amortized from
accumulated other comprehensive losses into net periodic benefit cost during fiscal 2012 is $2.
Assumptions
Weighted average assumptions used to determine benefit obligations and net periodic benefit cost consisted of
the following:
2011 2010 2009
Benefit obligation assumptions:
Discount rate
(2)
5.60% 6.00% 7.35%
Rate of compensation increase 2.00% 3.00% 3.25%
Net periodic benefit cost assumptions:
(1)
Discount rate
(2)
6.00% 7.35% 6.75%
Rate of compensation increase 3.00% 3.25% 3.75%
Expected return on plan assets
(3)
7.75% 8.00% 8.00%
(1) Net periodic benefit cost is measured using weighted average assumptions as of the beginning of each
year.
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