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Retirement Plans
6 Months Ended
Jun. 30, 2018
Retirement Benefits [Abstract]  
Retirement Plans
RETIREMENT PLANS
The Company has defined benefit and defined contribution retirement plans for its employees, and provides certain health care benefits to eligible retirees and their dependents. The components of net periodic benefit (credits) costs for pension and other postretirement benefits, for Company sponsored plans, are provided below:
 
13-Weeks Ended
 
Pension Benefits
 
Other Postretirement Plans
 
June 30, 2018
 
July 1, 2017
 
June 30, 2018
 
July 1, 2017
Components of net periodic benefit (credits) costs
 
 
 
 
 
 
 
Service cost
$
561

 
506

 
$
8

 
$
9

Interest cost
8,881

 
10,139

 
59

 
72

Expected return on plan assets
(12,818
)
 
(11,964
)
 

 

Amortization of prior service cost
1

 
34

 
1

 
2

Amortization of net loss (gain)
770

 
1,050

 
(39
)
 
(13
)
     Settlements

 
2,000

 

 

Net periodic (credits) benefit costs
$
(2,605
)
 
1,765

 
$
29

 
$
70

 
 
 
 
 
 
 
 
 
26-Weeks Ended
 
Pension Benefits
 
Other Postretirement Plans
 
June 30, 2018
 
July 1, 2017
 
June 30, 2018
 
July 1, 2017
Components of net periodic benefit (credits) costs
 
 
 
 
 
 
 
Service cost
$
1,134

 
$
1,012

 
$
17

 
$
19

Interest cost
17,662

 
20,277

 
118

 
144

Expected return on plan assets
(25,598
)
 
(23,928
)
 

 

Amortization of prior service cost
2

 
69

 
3

 
3

Amortization of net loss (gain)
1,616

 
2,101

 
(78
)
 
(26
)
     Settlements

 
2,000

 

 

Net periodic (credits) benefit costs
$
(5,184
)
 
$
1,531

 
$
60

 
$
140

s    

The service cost component of net periodic (credits) benefit costs is included in distribution, selling and administrative costs, while the other components of net periodic (credits) benefit costs are included in other income—net, respectively, in the Consolidated Statements of Comprehensive Income.
The Company contributed approximately $70 million to its defined benefit and other postretirement plans during the 26-week period ended June 30, 2018, of which $35 million was incremental to its originally planned 2018 contributions. As a result of the incremental contribution, the Company remeasured its defined benefit pension liability as of May 31, 2018, resulting in a reduction in the benefit obligation of $33 million, with a corresponding benefit to accumulated other comprehensive loss. The remeasurement resulted in an immaterial increase in the 2018 annual net periodic benefit (credits). The Company has completed substantially all of the 2018 contributions to its defined benefit and other postretirement plans.
The Company’s employees are eligible to participate in a Company sponsored defined contribution 401(k) plan that provides for Company matching on the participant’s contributions of up to 100% of the first 3% of participant’s compensation and 50% of the next 2% of a participant’s compensation, for a maximum Company matching contribution of 4%. The Company’s 401(k) plan matching contributions were $11 million for each of the 13-weeks ended June 30, 2018 and July 1, 2017, and $25 million and $23 million for the 26-weeks ended June 30, 2018 and July 1, 2017, respectively.
The Company also contributes to numerous multiemployer pension plans under the terms of certain collective bargaining agreements that cover its union-represented employees. The Company does not administer these multiemployer pension plans. The Company’s contributions to these plans were $9 million for each of the 13-weeks ended June 30, 2018 and July 1, 2017, and $18 million and $17 million for the 26-weeks ended June 30, 2018 and July 1, 2017, respectively.