Albertsons 2015 Annual Report Download - page 84

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82
Amounts recognized in the Consolidated Balance Sheets consist of the following:
Pension Benefits
Other Postretirement
Benefits
2015 2014 2015 2014
Accrued vacation, compensation and benefits $ (2) $ (3) $ (6) $ (6)
Pension and other postretirement benefit obligations (530)(462)(72)(75)
Total $ (532) $ (465) $ (78) $ (81)
Amounts recognized in Accumulated other comprehensive loss for the defined benefit pension and other postretirement benefit
plans consist of the following:
Pension Benefits
Other Postretirement
Benefits
2015 2014 2015 2014
Prior service benefit $ — $ — $ 45 $ 55
Net actuarial loss (696)(567)(28)(25)
Total recognized in Accumulated other comprehensive
loss $(696) $ (567) $ 17 $ 30
Total recognized in Accumulated other comprehensive
loss, net of tax $(432) $ (324) $ 9 $ 17
Net periodic benefit cost (income) and other changes in plan assets and benefit obligations recognized in Other comprehensive
(loss) income for defined benefit pension and other postretirement benefit plans consist of the following:
Pension Benefits Other Postretirement Benefits
2015 2014 2013 2015 2014 2013
Net Periodic Benefit Cost
Service cost $ — $ — $ — $ 1 $ 2 $ 2
Interest cost 121 121 123 4 4 5
Expected return on plan assets (149) (141)(133) — — —
Amortization of prior service benefit — — — (16)(13)(12)
Amortization of net actuarial loss 68 101 111 3 5 6
Settlement 64 — — — — —
Net periodic benefit cost (income) 104 81 101 (8)(2) 1
Other Changes in Plan Assets and Benefit
Obligations Recognized in Other
Comprehensive (Loss) Income
Prior service benefit — — — (5)(11) —
Amortization of prior service benefit — — — 16 12 13
Net actuarial loss (gain) 195 (259) 46 6 (16)(7)
Amortization of net actuarial loss (66) (101)(110)(3)(5)(6)
Total expense (benefit) recognized in Other
comprehensive (loss) income 129 (360)(64) 14 (20) —
Total expense (benefit) recognized in net
periodic benefit cost (income) and Other
comprehensive (loss) income $ 233 $ (279) $ 37 $ 6 $ (22) $ 1
The estimated net actuarial loss that will be amortized from Accumulated other comprehensive loss into net periodic benefit
cost for the defined benefit pension plans during fiscal 2016 is $79. 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 loss into net
periodic benefit cost during fiscal 2016 is $10.
During fiscal 2015, the Company converted to the RP-2014 Aggregate mortality table for calculating the pension and other
postretirement obligations and the annual expense. This change increased the projected benefit obligation by $182 and the
accumulated postretirement benefit obligation by $6. This conversion is expected to increase the fiscal 2016 defined benefit
pension plans expense by $32.