Albertsons 2013 Annual Report Download - page 88
Download and view the complete annual report
Please find page 88 of the 2013 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
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
 |
 |
The fair value of assets of the Company’s benefit plans held in a master trust as of February 25, 2012, by asset
category, consisted of the following:
Level 1 Level 2 Level 3 Total
Common stock $ 548 $ — $ — $ 548
Common collective trusts—fixed income — 258 — 258
Common collective trusts—equity — 301 — 301
Government securities 108 83 — 191
Mutual funds 1 180 — 181
Corporate bonds — 102 — 102
Real estate partnerships — — 113 113
Private equity — — 88 88
Mortgage-backed securities — 39 — 39
Other — 6 — 6
Total plan assets at fair value $ 657 $ 969 $ 201 $ 1,827
The following is a summary of changes in the fair value for level 3 investments for 2013 and 2012:
Real Estate
Partnerships Private Equity
Beginning balance, February 26, 2011 $ 87 $ 59
Purchases 17 27
Sales (2) (6)
Unrealized gains 11 8
Realized gains and losses — —
Ending balance, February 25, 2012 113 88
Purchases 15 20
Sales — (7)
Unrealized gains 8 9
Realized gains and losses — —
Ending balance, February 23, 2013 $ 136 $ 110
Contributions
The Company expects to contribute approximately $120 to $130 to its defined benefit pension plans and
postretirement benefit plans in fiscal 2014. The Company’s funding policy for the defined benefit pension plans
is to contribute the minimum contribution required under the Employee Retirement Income Security Act of 1974,
as amended, and other applicable laws, and its agreement with the PBGC described above with consideration
given to contributing larger amounts. The Company will recognize contributions in accordance with applicable
regulations, with consideration given to recognition for the earliest plan year permitted.
The Company’s funding policy for the defined benefit pension plans is to contribute the minimum contribution
amount required under ERISA and the Pension Protection Act of 2006 as determined by the Company’s external
86