Albertsons 2016 Annual Report Download - page 58

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56
Investment Risk
The SUPERVALU Retirement Plan, which is a Company-sponsored qualified pension plan, holds investments in public and
private equity, fixed income and real estate securities, which is described further in Note 11—Benefit Plans in Part II, Item 8 of
this Annual Report on Form 10-K. Changes in SUPERVALU Retirement Plan assets can affect the amount of the Company's
anticipated future contributions. In addition, increases or decreases in SUPERVALU Retirement Plan assets and can result in a
related increase or decrease to the Company's equity through Accumulated other comprehensive loss. As of February 27, 2016,
a 10 percent unfavorable change in the value of investments held by the SUPERVALU Retirement Plan would not have an
impact on the Company's minimum contributions required under ERISA for fiscal 2016, but would result in an unfavorable
change in net periodic pension expense for fiscal 2016 by $16 and would reduce stockholder's equity by $212 on a pre-tax basis
as of February 27, 2016.
Fuel Price Risk
The Company is exposed to potential volatility in fuel prices due to the Company's use of diesel fuel in distribution. The
Company's supply arrangements in the majority of the circumstances provides for sharing fluctuations in fuel market prices
with its independent retail customers and Save-A-Lot licensees. The Company’s limited involvement with diesel fuel
derivatives is primarily to manage its exposure to changes in energy prices utilized in the shipping process and are only utilized
to manage well-defined risks. The fair value of the Company’s fuel derivatives represents a liability of $2 as of February 27,
2016.