Albertsons 2013 Annual Report Download - page 98

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The Company will continue to provide certain back office support to the disposed NAI Banners after the sale
under the TSA for which it expects to earn incremental annual TSA fees of approximately $158, net of TSA fees
historically recognized under its existing TSA agreement with Albertson’s, LLC. In addition, the Company will
receive transitional TSA fees of $60 in the first year of the agreement. The historical fees recognized under the
existing TSA, reflected in the Consolidated Statement of Operations as a reduction of Selling and administrative
expenses, were $42, $47 and $50 years ended February 23, 2013, February 25, 2012 and February 26, 2011. The
historical shared service center costs incurred to support back office functions related to the NAI Banners were
incurred as administrative overhead and not specifically charged to the NAI Banners.
During the fourth quarter of fiscal 2011, the Company divested the Total Logistic Control business for $205 in
cash and recognized a $62 pre-tax gain. The gain, along with the results of Total Logistic Control, are presented
as part of discontinued operations, are related to the Independent Business segment and were recorded as a
component of Selling and administrative expenses in the Consolidated Statements of Operations.
The following is a summary of the assets and liabilities of discontinued operations as of February 23, 2013 and
February 25, 2012:
February 23,
2013
February 25,
2012
Assets
Cash and cash equivalents $ 77 $ 93
Receivables, net 215 231
Inventories, net 1,155 1,242
Other current assets 47 50
Total current assets 1,494 1,616
Property, plant and equipment, net 3,767 4,263
Intangible assets, net 555 746
Other assets 655 419
Total assets $ 6,471 $ 7,044
Liabilities
Accounts payable $ 652 $ 797
Accrued vacation, compensation and benefits 217 257
Current maturities of long-term debt and capital lease obligations 212 43
Accrued loss on contract 1,140 —
Other current liabilities 480 509
Total current liabilities of discontinued operations 2,701 1,606
Long-term debt and capital lease obligations 2,832 2,986
Pension and other postretirement benefit obligations 109 101
Other long-term liabilities 850 899
Total liabilities $ 6,492 5,592
Net assets (liabilities) of discontinued operations $ (21) $ 1,452
96