XML 1061 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Pensions And Other Postretirement Benefits (Tables)
12 Months Ended
Oct. 26, 2012
Pensions And Other Postretirement Benefits [Abstract]  
Schedule Of Periodic Benefit Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension

 

Net Periodic Benefit Cost

 

2012

 

2011

 

2010

 

Service cost

 

$

4,185

 

$

4,496

 

$

3,272

 

Interest cost

 

 

14,077

 

 

14,691

 

 

12,863

 

Expected return on plan assets

 

 

(19,379

)

 

(17,625

)

 

(16,250

)

Amortization of prior service cost

 

 

435

 

 

397

 

 

472

 

Recognized actuarial loss

 

 

6,865

 

 

6,055

 

 

4,932

 

Settlement gain

 

 

(35

)

 

(16

)

 

—

 

Curtailment

 

 

—

 

 

—

 

 

(172

)

Net Periodic Benefit Cost

 

$

6,148

 

$

7,998

 

$

5,117

 


 

 

 

 

 

 

 

 

 

 

 

 

 

Post-Retirement Medical

 

Net Periodic Benefit Cost

 

2012

 

2011

 

2010

 

Service cost

 

$

124

 

$

188

 

$

211

 

Interest cost

 

 

448

 

 

510

 

 

476

 

Expected return on plan assets

 

 

N/A

 

 

N/A

 

 

N/A

 

Amortization of prior service cost

 

 

(128

)

 

(128

)

 

(2,871

)

Recognized actuarial loss

 

 

471

 

 

304

 

 

2,629

 

Net Periodic Benefit Cost

 

$

915

 

$

874

 

$

445

 

Schedule Of Changes In Projected Benefit Obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension

 

Post-Retirement Medical

 

Change in Benefit Obligation

 

2012

 

2011

 

2012

 

2011

 

Benefit obligation beginning of year

 

$

278,152

 

$

268,266

 

$

9,467

 

$

9,780

 

Service cost

 

 

4,185

 

 

4,496

 

 

124

 

 

188

 

Interest cost

 

 

14,077

 

 

14,691

 

 

448

 

 

510

 

Plan participants' contributions

 

 

735

 

 

737

 

 

—

 

 

—

 

Plan amendments

 

 

223

 

 

676

 

 

—

 

 

—

 

Actuarial loss

 

 

43,055

 

 

4,074

 

 

816

 

 

1,641

 

Benefits paid

 

 

(14,385

)

 

(14,376

)

 

(1,311

)

 

(2,652

)

Expenses paid from assets

 

 

(290

)

 

(211

)

 

—

 

 

—

 

Currency impact

 

 

1,226

 

 

(201

)

 

—

 

 

—

 

Other

 

 

881

 

 

—

 

 

—

 

 

—

 

Benefit Obligation at End of Year

 

$

327,859

 

$

278,152

 

$

9,544

 

$

9,467

 

Schedule Of Changes In Fair Value Of Plan Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension

 

Post-Retirement Medical

 

Change in Plan Assets

 

2012

 

2011

 

2012

 

2011

 

Fair value of plan assets at beginning of year

 

$

237,658

 

$

212,822

 

$

—

 

$

—

 

Actual return on plan assets

 

 

36,543

 

 

7,970

 

 

—

 

 

—

 

Employer contributions

 

 

16,095

 

 

30,961

 

 

1,311

 

 

2,652

 

Plan participants' contributions

 

 

735

 

 

737

 

 

—

 

 

—

 

Benefit payments

 

 

(14,385

)

 

(14,376

)

 

(1,311

)

 

(2,652

)

Expenses paid from assets

 

 

(290

)

 

(211

)

 

—

 

 

—

 

Currency impact

 

 

2,001

 

 

(245

)

 

—

 

 

—

 

Other

 

 

881

 

 

—

 

 

—

 

 

—

 

Fair Value of Assets at End of Year

 

$

279,238

 

$

237,658

 

$

—

 

$

—

 

Schedule Of Net Funded Status

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension

 

Post-Retirement Medical

 

Funded Status

 

2012

 

2011

 

2012

 

2011

 

Projected benefit obligation

 

$

(327,859

)

$

(278,152

)

$

(9,544

)

$

(9,467

)

Plan assets at fair value

 

 

279,238

 

 

237,658

 

 

—

 

 

—

 

Net Funded Status – Over / (Under)

 

$

(48,621

)

$

(40,494

)

$

(9,544

)

$

(9,467

)

Funded status – overfunded plans

 

$

686

 

$

352

 

$

—

 

$

—

 

Funded status – underfunded plans

 

 

(49,307

)

 

(40,846

)

 

(9,544

)

 

(9,467

)

Schedule Of Amounts Recognized In Balance Sheet

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension

 

Post-Retirement Medical

 

Amounts Recognized in Balance Sheet

 

2012

 

2011

 

2012

 

2011

 

Noncurrent assets

 

$

686

 

$

352

 

$

—

 

$

—

 

Current liabilities

 

 

(455

)

 

(477

)

 

(1,058

)

 

(994

)

Noncurrent liabilities

 

 

(48,852

)

 

(40,369

)

 

(8,486

)

 

(8,473

)

Schedule Of Amounts In Accumulated Other Comprehensive Income (Loss) And Amortization Expense Expected To Be Recognized Over Next Fiscal Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension

 

Post-Retirement Medical

 

Amounts in Accumulated Other Comprehensive Income

 

2012

 

2011

 

2012

 

2011

 

Net (gain) loss

 

$

144,613

 

$

125,245

 

$

5,372

 

$

5,027

 

Net prior service cost (credit)

 

 

4,779

 

 

5,005

 

 

(567

)

 

(695

)

Other Comprehensive (Income) Loss – Total

 

$

149,392

 

$

130,250

 

$

4,805

 

$

4,332

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization Expense Expected to Be
Recognized During Next Fiscal Year

 

Pension

 

Post-Retirement Medical

 

 

 

2012

 

 

2011

 

 

2012

 

 

2011

 

Prior service cost (credits)

 

$

448

 

$

436

 

$

(128

)

$

(128

)

Net loss

 

 

9,828

 

 

6,863

 

 

469

 

 

472

 

Schedule Of Projected / Accumulated Benefit Obligations In Excess Of Plan Assets

Our pension and post-retirement medical plans with accumulated benefit obligations in excess of plan assets were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension

 

Post-Retirement Medical

 

 

 

2012

 

2011

 

2012

 

2011

 

Projected / accumulated post-retirement benefit obligation

 

$

265,706

 

$

226,158

 

$

9,544

 

$

9,467

 

Accumulated benefit obligation

 

 

256,936

 

 

219,328

 

 

N/A

 

 

N/A

 

Fair value of plan assets

 

 

219,245

 

 

186,329

 

 

N/A

 

 

N/A

 

Our pension and post-retirement medical plans with projected benefit obligations in excess of plan assets were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension

 

Post-Retirement Medical

 

 

 

2012

 

2011

 

2012

 

2011

 

Projected / accumulated post-retirement benefit obligation

 

$

314,414

 

$

265,134

 

 

N/A

 

 

N/A

 

Accumulated benefit obligation

 

 

301,706

 

 

255,298

 

 

N/A

 

 

N/A

 

Fair value of plan assets

 

 

265,107

 

 

224,288

 

 

N/A

 

 

N/A

 

Our pension plans with projected benefit obligations less than plan assets were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension

 

Post-Retirement Medical

 

 

 

2012

 

2011

 

2012

 

2011

 

Projected benefit obligation

 

$

13,445

 

$

13,018

 

 

N/A

 

 

N/A

 

Accumulated benefit obligation

 

 

12,421

 

 

12,222

 

 

N/A

 

 

N/A

 

Fair value of plan assets

 

 

14,131

 

 

13,370

 

 

N/A

 

 

N/A

 

Schedule Of Actuarial Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension

 

Post-Retirement Medical

 

Assumption ranges used in net periodic benefit cost

 

 

2012

 

 

2011

 

 

2012

 

 

2011

 

Discount rate

 

 

4.25% – 5.50

%

 

4.75% – 5.75

%

 

5.00

%

 

5.50

%

Expected long-term return on plan assets

 

 

5.50% – 8.00

%

 

4.75% – 8.00

%

 

N/A

 

 

N/A

 

Average increase in compensation

 

 

2.25% – 4.00

%

 

2.25% – 4.00

%

 

N/A

 

 

N/A

 

Initial medical trend rate

 

 

N/A

 

 

N/A

 

 

8.50

%

 

9.00

%

Ultimate medical trend rate

 

 

N/A

 

 

N/A

 

 

5.00

%

 

5.00

%

Years to ultimate rate

 

 

N/A

 

 

N/A

 

 

7 Years

 

 

8 Years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assumption ranges used to determine benefit obligation:

 

Pension

 

Post-Retirement Medical

 

 

 

2012

 

 

2011

 

 

2012

 

 

2011

 

Discount rate

 

 

3.00% – 4.75

%

 

4.25% – 5.50

%

 

4.00

%

 

5.00

%

Rate of compensation increase

 

 

2.25% – 3.75

%

 

2.25% – 4.00

%

 

N/A

 

 

N/A

 

Initial medical trend rate

 

 

N/A

 

 

N/A

 

 

8.00

%

 

8.50

%

Ultimate medical trend rate

 

 

N/A

 

 

N/A

 

 

5.00

%

 

5.00

%

Years to ultimate rate

 

 

N/A

 

 

N/A

 

 

6 Years

 

 

7 Years

 

Schedule Of Weighted Average Asset Allocation by Assets Category

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Plans

 

Asset Allocation

 

2012

 

2011

 

Target
Allocation

 

Equity securities

 

 

56

%

 

56

%

 

50– 60

%

Debt securities

 

 

38

%

 

39

%

 

40– 50

%

Other

 

 

6

%

 

5

%

 

0

%

Total

 

 

100

%

 

100

%

 

100

%

Fair Value Measurements, Fair Value Of Pension Plan Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value at
October 26, 2012

 

Fair Value Measurements Using Inputs Considered as

 

 

 

 

Level 1

 

Level 2

 

Level 3

 

Domestic Equity Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Stocks

 

$

25,050

 

$

25,050

 

$

—

 

$

—

 

Commingled Trust

 

 

66,692

 

 

—

 

 

66,692

 

 

—

 

International Equity Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

Mutual Funds

 

 

65,578

 

 

—

 

 

65,578

 

 

—

 

Total Equity Securities

 

 

157,320

 

 

25,050

 

 

132,270

 

 

—

 

Domestic Fixed Income

 

 

 

 

 

 

 

 

 

 

 

 

 

Mutual Funds

 

 

83,467

 

 

—

 

 

83,467

 

 

—

 

International Fixed Income

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt Securities

 

 

4,211

 

 

—

 

 

4,211

 

 

—

 

Mutual Funds

 

 

18,110

 

 

—

 

 

18,110

 

 

—

 

Total Fixed Income

 

 

105,788

 

 

—

 

 

105,788

 

 

—

 

Other Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Contracts

 

 

12,385

 

 

—

 

 

—

 

 

12,385

 

Cash

 

 

1,988

 

 

1,988

 

 

—

 

 

—

 

Real Estate

 

 

1,757

 

 

—

 

 

1,172

 

 

585

 

Total Other Investments

 

 

16,130

 

 

1,988

 

 

1,172

 

 

12,970

 

Total

 

$

279,238

 

$

27,038

 

$

239,230

 

$

12,970

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value at
October 28, 2011

 

Fair Value Measurements Using Inputs Considered as

 

 

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Domestic Equity Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Stocks

 

$

24,041

 

$

24,041

 

$

—

 

$

—

 

Commingled Trust

 

 

53,273

 

 

—

 

 

53,273

 

 

—

 

Mutual Funds

 

 

3,437

 

 

—

 

 

3,437

 

 

—

 

International Equity Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

Mutual Funds

 

 

48,385

 

 

—

 

 

48,385

 

 

—

 

Total Equity Securities

 

 

129,136

 

 

24,041

 

 

105,095

 

 

—

 

Domestic Fixed Income

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt Securities

 

 

1,466

 

 

—

 

 

1,466

 

 

—

 

Mutual Funds

 

 

73,243

 

 

—

 

 

73,243

 

 

—

 

International Fixed Income

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt Securities

 

 

2,532

 

 

—

 

 

2,532

 

 

—

 

Mutual Funds

 

 

20,809

 

 

—

 

 

20,809

 

 

—

 

Total Fixed Income

 

 

98,050

 

 

—

 

 

98,050

 

 

—

 

Other Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Contracts

 

 

7,216

 

 

—

 

 

—

 

 

7,216

 

Cash

 

 

1,969

 

 

1,969

 

 

—

 

 

—

 

Real Estate

 

 

1,287

 

 

—

 

 

787

 

 

500

 

Total Other Investments

 

 

10,472

 

 

1,969

 

 

787

 

 

7,716

 

Total

 

$

237,658

 

$

26,010

 

$

203,932

 

$

7,716

 

Reconciliation Of Pension Assets Measured At Fair Value That Used Significant Unobservable Inputs (Level 3)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

U.S.

 

Non-U.S.

 

Balance, October 29, 2010

 

$

7,022

 

$

495

 

$

6,527

 

Actual return on plan assets

 

 

 

 

 

 

 

 

 

 

Relating to assets still held at reporting date

 

 

(328

)

 

5

 

 

(333

)

Purchases

 

 

1,168

 

 

—

 

 

1,168

 

Settlements

 

 

(66

)

 

—

 

 

(66

)

Transfers in and/or out of Level 3

 

 

—

 

 

—

 

 

—

 

Currency impact

 

 

(80

)

 

—

 

 

(80

)

Balance, October 28, 2011

 

$

7,716

 

$

500

 

$

7,216

 

Actual return on plan assets

 

 

 

 

 

 

 

 

 

 

Relating to assets still held at reporting date

 

 

3,474

 

 

85

 

 

3,389

 

Purchases

 

 

2,279

 

 

—

 

 

2,279

 

Settlements

 

 

(82

)

 

—

 

 

(82

)

Transfers in and/or out of Level 3

 

 

—

 

 

—

 

 

—

 

Currency impact

 

 

(417

)

 

—

 

 

(417

)

Balance, October 26, 2012

 

$

12,970

 

$

585

 

$

12,385

 

Schedule Of Expected Benefit Payments

 

 

 

 

 

 

 

 

 

 

Pension

 

Post-retirement
Medical

 

2013

 

$

15,277

 

$

1,079

 

2014

 

 

15,051

 

 

1,102

 

2015

 

 

15,225

 

 

981

 

2016

 

 

15,367

 

 

860

 

2017

 

 

16,117

 

 

770

 

2018 – 2022

 

 

86,474

 

 

2,588

 

Total

 

$

163,511

 

$

7,380