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Pensions And Other Postretirement Benefits (Tables)
12 Months Ended
Sep. 28, 2013
General Discussion of Pension and Other Postretirement Benefits [Abstract]  
Schedule Of Reconciliation Of Changes In Plans' Benefit Obligations, Assets And Funded Status
The following table provides a reconciliation of the changes in the plans’ benefit obligations, assets and funded status at September 28, 2013, and September 29, 2012:
 
 
 
 
 
 
 
 
 
in millions
 
 
Pension Benefits
 
Other Postretirement
 
Qualified
 
Non-Qualified
 
Benefits
 
2013

 
2012

 
2013

 
2012

 
2013

 
2012

Change in benefit obligation
 
 
 
 
 
 
 
 
 
 
 
Benefit obligation at beginning of year
$
101

 
$
99

 
$
81

 
$
62

 
$
64

 
$
44

Service cost

 

 
5

 
5

 
2

 
1

Interest cost
4

 
4

 
3

 
3

 
2

 
2

Plan participants’ contributions

 

 

 

 
1

 
1

Actuarial (gain)/loss
(9
)
 
5

 
(2
)
 
13

 
7

 
25

Benefits paid
(10
)
 
(7
)
 
(2
)
 
(2
)
 
(5
)
 
(9
)
Benefit obligation at end of year
86

 
101

 
85

 
81

 
71

 
64

Change in plan assets
 
 
 
 
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
86

 
74

 

 

 

 

Actual return on plan assets
3

 
13

 

 

 

 

Employer contributions
6

 
6

 
2

 
2

 
4

 
8

Plan participants’ contributions

 

 

 

 
1

 
1

Benefits paid
(10
)
 
(7
)
 
(2
)
 
(2
)
 
(5
)
 
(9
)
Fair value of plan assets at end of year
85

 
86

 

 

 

 

Funded status
$
(1
)
 
$
(15
)
 
$
(85
)
 
$
(81
)
 
$
(71
)
 
$
(64
)
Schedule Of Amounts Recognized In The Consolidated Balance Sheets
Amounts recognized in the Consolidated Balance Sheets consist of:
 
 
 
 
 
 
 
 
 
in millions
 
 
Pension Benefits
 
Other Postretirement
 
Qualified
 
Non-Qualified
 
Benefits
 
2013

 
2012

 
2013

 
2012

 
2013

 
2012

Accrued benefit liability
$
(1
)
 
$
(15
)
 
$
(85
)
 
$
(81
)
 
$
(71
)
 
$
(64
)
Accumulated other comprehensive (income)/loss:
 
 
 
 
 
 
 
 
 
 
 
   Unrecognized actuarial loss
30

 
39

 
23

 
29

 

 

   Unrecognized prior service (cost)/credit

 

 

 
1

 
(3
)
 
(4
)
Net amount recognized
$
29

 
$
24

 
$
(62
)
 
$
(51
)
 
$
(74
)
 
$
(68
)
Schedule Of Plans With Accumulated Benefit Obligations In Excess Of Plan Assets
Plans with accumulated benefit obligations in excess of plan assets are as follows:
 
 
 
 
 
in millions
 
 
Pension Benefits
 
Qualified
 
Non-Qualified
 
2013

 
2012

 
2013

 
2012

Projected benefit obligation
$
27

 
$
101

 
$
85

 
$
81

Accumulated benefit obligation
27

 
101

 
72

 
69

Fair value of plan assets
26

 
86

 

 

Schedule Of Components Of Net Periodic Benefit Cost For Pension And Postretirement Benefit Plans Recognized In The Consolidated Statements Of Income
Components of net periodic benefit cost for pension and postretirement benefit plans recognized in the Consolidated Statements of Income are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
in millions
 
 
Pension Benefits
 
Other Postretirement
 
Qualified
 
Non-Qualified
 
Benefits
 
2013

 
2012

 
2011

 
2013

 
2012

 
2011

 
2013

 
2012

 
2011

Service cost
$

 
$

 
$

 
$
5

 
$
5

 
$
3

 
$
2

 
$
1

 
$

Interest cost
4

 
4

 
5

 
3

 
3

 
2

 
2

 
2

 
2

Expected return on plan assets
(5
)
 
(6
)
 
(6
)
 

 

 

 

 

 

Amortization of prior service cost

 

 

 
1

 
1

 
1

 
(1
)
 
(1
)
 
(1
)
Recognized actuarial loss, net
4

 
3

 
3

 
3

 
1

 

 
7

 
24

 
1

Net periodic benefit cost
$
3

 
$
1

 
$
2

 
$
12

 
$
10

 
$
6

 
$
10

 
$
26

 
$
2

Schedule Of Weighted Average Assumptions
Weighted average assumptions are as follows:
 
Pension Benefits
 
Other Postretirement
 
Qualified
 
Non-Qualified
 
Benefits
 
2013

 
2012

 
2011

 
2013

 
2012

 
2011

 
2013

 
2012

 
2011

Discount rate to determine net periodic benefit cost
4.02
%
 
4.53
%
 
5.06
%
 
4.23
%
 
4.75
%
 
5.50
%
 
3.66
%
 
4.09
%
 
4.50
%
Discount rate to determine benefit obligations
4.77
%
 
4.02
%
 
4.53
%
 
5.09
%
 
4.23
%
 
4.75
%
 
4.48
%
 
3.66
%
 
4.09
%
Rate of compensation increase
N/A

 
N/A

 
N/A

 
3.50
%
 
3.50
%
 
3.50
%
 
N/A

 
N/A

 
N/A

Expected return on plan assets
5.44
%
 
6.37
%
 
7.79
%
 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

Schedule Of Actual And Target Asset Allocation For Pension Plan Assets
The following table sets forth the actual and target asset allocation for pension plan assets:
 
2013

 
2012

 
Target Asset
Allocation

Cash
1.6
%
 
1.6
%
 
%
Fixed Income Securities
79.1

 
46.0

 
83.0

U.S. Stock Funds
4.3

 
23.5

 
5.1

International Stock Funds
7.3

 
23.5

 
5.1

Real Estate
3.8

 
5.0

 
3.4

Alternatives
3.9

 
0.4

 
3.4

Total
100.0
%
 
100.0
%
 
100.0
%
Schedule Of Categories Of Pension Plan Assets And Level Under Which Fair Values Were Determined In Fair Value Hierarchy
The following table shows the categories of pension plan assets and the level under which fair values were determined in the fair value hierarchy, which is described in Note 13: Fair Value Measurements.
 
in millions
 
 
September 28, 2013
 
Level 1

 
Level 2 (a)

 
Level 3 (b)

 
Total

Cash and cash equivalents
$
1

 
$

 
$

 
$
1

Fixed Income Securities Bond Fund

 
56

 

 
56

Equity Securities:
 
 
 
 
 
 
 
U.S. stock funds

 
3

 

 
3

International stock funds

 
5

 

 
5

Global real estate funds

 
3

 

 
3

Total equity securities

 
11

 

 
11

Alternative Funds

 

 
3

 
3

Insurance Contract

 

 
14

 
14

Total plan assets
$
1

 
$
67

 
$
17

 
$
85

(a)
Valued using the net asset value (NAV) provided by the trustee, which is a practical expedient to estimating fair value. The NAV is based on the fair value of the underlying investments within the funds and is determined daily.
(b)
Valued using the plan’s own assumptions about the assumptions market participants would use in pricing the assets based on the best information available, such as investment manager pricing.
Schedule Of Reconciliation Of Change In Fair Value Measurement Of Defined Benefit Plans' Consolidated Assets Using Significant Unobservable Inputs
A reconciliation of the change in the fair value measurement of the defined benefit plans’ consolidated assets using significant unobservable inputs (Level 3) is as follows:
 
 
 
in millions
 
 
Alternative funds

 
Insurance contract

 
Total

Balance at September 29, 2012
$

 
$
17

 
$
17

Actual return on plan assets:
 
 
 
 
 
Assets still held at reporting date

 
1

 
1

Assets sold during the period

 

 

Purchases, sales and settlements, net
3

 
(4
)
 
(1
)
Transfers in and/or out of Level 3

 

 

Balance at September 28, 2013
$
3

 
$
14

 
$
17

Schedule Of Estimated Future Benefit Payments Expected To Be Paid
The following benefit payments are expected to be paid:
 
 
 
 
 
in millions

 
Pension Benefits
 
Other Postretirement

 
Qualified

 
Non-Qualified

 
Benefits

2014
$
6

 
$
2

 
$
6

2015
7

 
3

 
6

2016
5

 
3

 
6

2017
5

 
3

 
5

2018
6

 
4

 
5

2019-2023
27

 
27

 
29