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EMPLOYEE BENEFIT PLANS
9 Months Ended
Dec. 05, 2020
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS EMPLOYEE BENEFIT PLANS
Pension and Other Post-Retirement Benefits

The following tables provide the components of net pension and post-retirement (income) expense (in millions):
12 weeks ended
PensionOther post-retirement benefits
December 5,
2020
November 30,
2019
December 5,
2020
November 30,
2019
Estimated return on plan assets$(24.3)$(25.4)$— $— 
Service cost3.7 3.4 — 0.1 
Interest cost9.7 18.6 0.1 0.1 
Amortization of prior service cost0.1 0.1 0.5 0.8 
Amortization of net actuarial loss (gain)0.4 0.1 (0.2)— 
(Income) expense, net$(10.4)$(3.2)$0.4 $1.0 

40 weeks ended
PensionOther post-retirement benefits
December 5,
2020
November 30,
2019
December 5,
2020
November 30,
2019
Estimated return on plan assets$(79.5)$(84.6)$— $— 
Service cost12.0 11.3 — 0.4 
Interest cost38.9 62.0 0.3 0.5 
Amortization of prior service cost0.2 0.3 1.5 2.8 
Amortization of net actuarial loss (gain)1.5 0.4 (0.5)(0.3)
Settlement charge3.0 — — — 
(Income) expense, net$(23.9)$(10.6)$1.3 $3.4 

The Company contributed $1.7 million and $58.0 million to its defined pension plans and post-retirement benefit plans during the 12 and 40 weeks ended December 5, 2020, respectively. For the 12 and 40 weeks ended November 30, 2019, the Company contributed $2.0 million and $9.0 million, respectively. At the Company's discretion, additional funds may be contributed to the defined benefit pension plans. The Company currently anticipates contributing an additional $4.4 million to these plans for the remainder of fiscal 2020.
Defined Contribution Plans and Supplemental Retirement Plans

Total contributions expensed for defined contribution plans (401(k) plans) were $15.3 million and $12.7 million for the 12 weeks ended December 5, 2020 and November 30, 2019, respectively. For the 40 weeks ended December 5, 2020 and November 30, 2019, total contributions expensed were $53.4 million and $45.3 million, respectively.
Multiemployer Pension Plans

The Company was the second largest contributing employer to the Food Employers Labor Relations Association and United Food and Commercial Workers Pension Fund ("FELRA") which was projected by FELRA to become insolvent in the first quarter of 2021, and to the Mid-Atlantic UFCW and Participating Pension Fund ("MAP"). The Company continued to fund all of its required contributions to FELRA and MAP.

On March 5, 2020, the Company agreed with the two applicable local unions to new collective bargaining agreements pursuant to which the Company contributes to FELRA and MAP. These agreements were subject to
final approval by the Pension Benefit Guaranty Corporation ("PBGC"), the local unions and the largest contributing employer, which was reached on December 31, 2020. In connection with these final agreements, to address the pending insolvency of FELRA, the Company and the two local unions, along with the largest contributing employer, agreed to combine MAP into FELRA (the "Combined Plan") on December 31, 2020. Immediately upon the combination, the Combined Plan terminated and commencing February 2021, the Company is required to annually pay $23.2 million to the Combined Plan for the next 25 years. This payment replaces the Company's previous annual contribution to both FELRA and MAP, which was a combined $26.2 million in fiscal 2019. Immediately after the combination, the Company received a release of all withdrawal liability and mass withdrawal liability from FELRA, MAP, the Combined Plan, and the PBGC. In addition to the $23.2 million annual payment, the Company will begin to contribute to a new multiemployer pension plan. This new multiemployer plan will be limited to providing benefits to participants in MAP and FELRA in excess of the benefits the PBGC insures under law. These contributions are expected to commence in June 2022 and are currently estimated to be between approximately $10 to $12 million annually for 10 years. The Company preliminarily expects to record a non-cash pre-tax charge of approximately $595 million ($445 million, net of tax) in the fourth quarter of fiscal 2020 to record the pension obligation for these benefits earned for prior service. The evaluation of the accounting charge is ongoing, and the estimated impact is preliminary and subject to change. Furthermore, the Company will establish and contribute to a new Variable Annuity Pension Plan (the "Combined VAPP") that will provide benefits to participants for future services, effective January 1, 2021. The Company will also contribute approximately $4 million to the Combined VAPP to fund certain administrative expenses and establish a stabilization reserve for the Combined VAPP.

On July 21, 2020, the Company announced that it had entered into a tentative agreement with the trustees of the United Food and Commercial Workers International Union ("UFCW") Union-Industry Pension Fund ("National Fund"), providing that the Company will permanently cease to have any obligation to contribute to the National Fund, a multiemployer pension plan, and will completely withdraw from the National Fund, effective as of June 30, 2020. The Company and nine UFCW local unions entered into a Memorandum of Understanding ("MOU") that permitted the withdrawal and required the establishment of a new Variable Annuity Pension Plan (the "National VAPP") that will provide benefits to participants for future services, effective as of July 1, 2020. On November 30, 2020, these agreements became effective upon ratification by the membership of each of these nine local unions and the related agreements with the local unions whose members participate in the National Fund and are employed by the two largest contributors to the National Fund. As a result, the Company will pay, by June 2023, an aggregate of approximately $286 million to the National Fund, in full satisfaction of the Company's withdrawal liability amount and mass withdrawal liability amount. The Company has paid $147.3 million as of the end of the third quarter of fiscal 2020 and will pay the remaining amount in two installments over the next 30 months, any portion of which may be prepaid, in whole or in part. The Company will also pre-fund a transition reserve in the National VAPP to support certain grandfathered participants by making a payment in the fourth quarter of 2020 of approximately $8 to $9 million to the National VAPP. The Company recorded a pre-tax charge of approximately $286 million ($213 million, net of tax) in the third quarter of fiscal 2020 to record the withdrawal liability for these benefits earned for prior service.