Pensions And Other Postretirement Benefits

9 Months Ended

Jul. 29, 2011

Pensions And Other Postretirement Benefits

Pensions And Other Postretirement Benefits

NOTE 12: PENSIONS AND OTHER POSTRETIREMENT BENEFITS

We sponsor a number of defined benefit pension plans for certain hourly and salaried employees. The benefits for most of these plans are generally based on stated amounts for each year of service. We fund the plans in amounts consistent with the limits of allowable tax deductions.

The net periodic benefit cost of the pension benefits is as follows:

	Three Months Ended						Nine Months Ended
	July 29, 2011			July 30, 2010			July 29, 2011			July 30, 2010
Service cost	$	1,143		$	785		$	3,362		$	2,430
Interest cost		3,699			3,177			11,007			9,660
Expected return on plan assets		(4,429	)		(4,032	)		(13,210	)		(12,194	)
Amortization of prior service cost		100			114			298			342
Recognized actuarial (gain)/loss		1,518			1,224			4,540			3,688
Net periodic benefit cost	$	2,031		$	1,268		$	5,997		$	3,926

The net periodic benefit cost of the post-retirement medical benefits is as follows:

	Three Months Ended						Nine Months Ended
	July 29, 2011			July 30, 2010			July 29, 2011			July 30, 2010
Service cost	$	47		$	53		$	141		$	159
Interest cost		128			119			384			357
Amortization of prior service cost		(32	)		(718	)		(96	)		(2,154	)
Recognized actuarial (gain)/loss		76			657			228			1,971
Net periodic benefit cost	$	219		$	111		$	657		$	333