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Retirement Plans (Tables)
12 Months Ended
Dec. 29, 2018
Retirement Benefits [Abstract]  
Components of Net Periodic Pension and Other Postretirement Benefit Costs
The components of net periodic pension benefit (credits) costs for the last three fiscal years were as follows:
 
2018
 
2017
 
2016
Components of net periodic pension (credits) benefit costs:
 
 
 
 
 
Service cost
$
2

 
$
2

 
$
4

Interest cost
36

 
40

 
41

Expected return on plan assets
(52
)
 
(48
)
 
(48
)
Amortization of net loss
3

 
4

 
8

Settlements

 
18

 
4

Net periodic pension (credits) benefit costs
$
(11
)
 
$
16

 
$
9

    
Changes in Plan Assets and Benefit Obligations
Changes in plan assets and benefit obligations recorded in accumulated other comprehensive loss for pension benefits for the last three fiscal years were as follows:
 
2018
 
2017
 
2016
Changes recognized in accumulated other comprehensive loss:
 
 
 
 
 
Actuarial gain (loss)
$
6

 
$

 
$
(63
)
Prior year correction(1)

 

 
(22
)
Amortization of net loss
3

 
4

 
8

Settlements

 
18

 
4

Net amount recognized
$
9

 
$
22

 
$
(73
)
(1)
In the second quarter of fiscal year 2016, the Company recorded a $22 million increase to its pension obligation, with a corresponding increase to accumulated other comprehensive loss, to correct a computational error related to a 2015 pension plan freeze. The Company determined the error did not materially impact the financial statements for any of the periods reported.
Funded Status of the Defined Benefit Plans
 
Pension Benefits
 
2018
 
2017
 
2016
Amounts recognized in the consolidated
   balance sheets consist of the following:
 
 
 
 
 
Accrued benefit obligation—current
$

 
$
(1
)
 
$
(1
)
Accrued benefit obligation—noncurrent
(35
)
 
(124
)
 
(166
)
Net amount recognized in the consolidated
   balance sheets
$
(35
)
 
$
(125
)
 
$
(167
)
Amounts recognized in accumulated other
   comprehensive loss consist of the following:
 
 
 
 
 
Net loss
$
190

 
$
199

 
$
221

Net loss recognized in accumulated other
   comprehensive loss
$
190

 
$
199

 
$
221

Additional information:
 
 
 
 
 
Accumulated benefit obligation
$
869

 
$
974

 
$
963

 
Other Postretirement Plans
 
2018
 
2017
 
2016
Amounts recognized in the consolidated
   balance sheets consist of the following:
 
 
 
 
 
Accrued benefit obligation—current
$
(1
)
 
$
(1
)
 
$
(1
)
Accrued benefit obligation—noncurrent
(5
)
 
(6
)
 
(6
)
Net amount recognized in the consolidated
   balance sheets
$
(6
)
 
$
(7
)
 
$
(7
)
Amounts recognized in accumulated other
   comprehensive loss consist of the following:
 
 
 
 
 
Gain, net of prior service cost
$
1

 
$
1

 
$
1

Net gain recognized in accumulated other
   comprehensive loss
$
1

 
$
1

 
$
1


 
Pension Benefits
Amounts expected to be amortized from
   accumulated other comprehensive loss in the
   next fiscal year:
 
Net loss
$
4

Net expected to be amortized
$
4

The funded status of the defined benefit plans for the last three fiscal years was as follows:
 
Pension Benefits
 
2018
 
2017
 
2016
Change in benefit obligation:
 
 
 
 
 
Benefit obligation at beginning of year
$
976

 
$
966

 
$
863

Service cost
2

 
2

 
4

Interest cost
36

 
40

 
41

Actuarial (gain) loss
(97
)
 
76

 
73

Prior year correction

 

 
22

Settlements

 
(87
)
 
(16
)
Benefit disbursements
(46
)
 
(21
)
 
(21
)
Benefit obligation at end of year
871

 
976

 
966

Change in plan assets:
 
 
 
 
 
Fair value of plan assets at beginning of year
851

 
799

 
742

Return on plan assets
(40
)
 
124

 
58

Employer contribution
71

 
36

 
36

Settlements

 
(87
)
 
(16
)
Benefit disbursements
(46
)
 
(21
)
 
(21
)
Fair value of plan assets at end of year
836

 
851

 
799

Net funded status
$
(35
)
 
$
(125
)
 
$
(167
)

The fiscal year 2018 pension benefits actuarial gain of $97 million was primarily due to an increase in the discount rate. The 2017 and 2016 pension benefits actuarial losses of $76 million and $73 million, respectively, were primarily due to decreases in discount rates.

 
Other Postretirement Plans
 
2018
 
2017
 
2016
Change in benefit obligation:
 
 
 
 
 
Benefit obligation at beginning of year
$
7

 
$
7

 
$
7

Benefit disbursements
(1
)
 
(1
)
 
(1
)
Other

 
1

 
1

Benefit obligation at end of year
6

 
7

 
7

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

 

 

Employer contribution
1

 
1

 
1

Benefit disbursements
(1
)
 
(1
)
 
(1
)
Fair value of plan assets at end of year

 

 

Net funded status
$
(6
)
 
$
(7
)
 
$
(7
)
Assumptions to Determine Benefit Obligations at Period-end and Net Pension Costs
Weighted average assumptions used to determine benefit obligations at period-end and net pension costs for the last three fiscal years were as follows:
 
Pension Benefits
 
2018
 
2017
 
2016
Benefit obligation:
 
 
 
 
 
Discount rate
4.35
%
 
3.70
%
 
4.25
%
Annual compensation increase
3.60
%
 
3.60
%
 
3.60
%
Net cost:
 
 
 
 
 
Discount rate
3.70
%
 
4.25
%
 
4.64
%
Expected return on plan assets
6.00
%
 
6.00
%
 
6.50
%
Annual compensation increase
3.60
%
 
3.60
%
 
3.60
%
 
Other Postretirement Plans
 
2018
 
2017
 
2016
Benefit obligation—discount rate
4.35
%
 
3.70
%
 
4.25
%
Net cost—discount rate
3.70
%
 
4.25
%
 
4.40
%
Assumed Health Care Trend Rates
The assumed healthcare trend rates for the last three fiscal years were as follows:
 
2018
 
2017
 
2016
Immediate rate
6.30
%
 
6.70
%
 
7.40
%
Ultimate trend rate
4.50
%
 
4.50
%
 
4.50
%
Year the rate reaches the ultimate trend rate
2037

 
2037

 
2037

Fair Value of Defined Benefit Plans' Assets by Asset Fair Value Hierarchy Level
The following table sets forth the fair value of our defined benefit plans’ assets by asset fair value hierarchy level.
 
Asset Fair Value as of December 29, 2018
 
Level 1
 
Level 2
 
Level 3
 
Total
Cash and cash equivalents
$
5

 
$

 
$

 
$
5

Equities:
 
 
 
 
 
 
 
Domestic
34

 

 

 
34

International
1

 

 

 
1

Mutual fund:
 
 
 
 
 
 
 
International equities
21

 

 

 
21

Long-term debt securities:
 
 
 
 
 
 
 
Corporate debt securities:
 
 
 
 
 
 
 
Domestic

 
236

 

 
236

International

 
33

 

 
33

U.S. government securities

 
8

 

 
8

Other

 
2

 

 
2

 
$
61

 
$
279

 
$

 
340

Common collective trust funds:
 
 
 
 
 
 
 
Cash equivalents
 
 
 
 
 
 
9

Domestic equities
 
 
 
 
 
 
156

International equities
 
 
 
 
 
 
40

Treasury STRIPS
 
 
 
 
 
 
291

Total investments measured at net asset value
     as a practical expedient
 
 
 
 
 
 
496

Total defined benefit plans’ assets
 
 
 
 
 
 
$
836

 
Asset Fair Value as of December 30, 2017
 
Level 1
 
Level 2
 
Level 3
 
Total
Cash and cash equivalents
$
8

 
$

 
$

 
$
8

Equities:
 
 
 
 
 
 
 
Domestic
34

 

 

 
34

International
1

 

 

 
1

Mutual funds:
 
 
 
 
 
 
 
Domestic equities
37

 

 

 
37

International equities
32

 

 

 
32

Long-term debt securities:
 
 
 
 
 
 
 
Corporate debt securities:
 
 
 
 
 
 
 
Domestic

 
224

 

 
224

International

 
26

 

 
26

U.S. government securities

 
155

 

 
155

Government agencies securities

 
8

 

 
8

Other

 
4

 

 
4

 
$
112

 
$
417

 
$

 
529

Common collective trust funds:
 
 
 
 
 
 
 
Cash equivalents
 
 
 
 
 
 
10

Domestic equities
 
 
 
 
 
 
249

International equities
 
 
 
 
 
 
63

Total investments measured at net asset value
     as a practical expedient
 
 
 
 
 
 
322

Total defined benefit plans’ assets
 
 
 
 
 
 
$
851

Estimated Future Benefit Payments
Estimated future benefit payments, under Company sponsored plans as of December 29, 2018, were as follows:
 
Pension Benefits
 
Other Postretirement Plans
2019
$
49

 
$
1

2020
48

 
1

2021
48

 
1

2022
47

 
1

2023
45

 
1

Subsequent five years
232

 
2

Contributions to Multiemployer Pension Plans

Pension Fund
 
EIN/
Plan Number
 
PPA
Zone Status
 
FIP/RP Status
Pending/
Implemented
 
Surcharge
Imposed
 
Expiration Dates
 
 
 
 
2018
 
2017
 
 
 
 
 
 
Minneapolis Food Distributing
   Industry Pension Plan
 
41-6047047/001
 
Green
 
Green
 
Implemented
 
No
 
4/1/21
Teamster Pension Trust Fund of
   Philadelphia and Vicinity
 
23-1511735/001
 
Yellow
 
Yellow
 
Implemented
 
No
 
2/13/22
Local 703 I.B. of T. Grocery and
Food Employees’ Pension Plan
(1)
 
36-6491473/001
 
Green
 
Green
 
N/A
 
No
 
6/30/18
United Teamsters Trust Fund A
 
13-5660513/001
 
Yellow
 
Yellow
 
Implemented
 
No
 
5/30/19
Warehouse Employees Local
   169 and Employers Joint
   Pension Fund(2)
 
23-6230368/001
 
Red
 
Red
 
Implemented
 
No
 
2/13/22
    
(1)
The collective bargaining agreement for this pension fund is operating under an extension.
(2)
Local 169 filed a Notice of Critical and Declining Status in 2017.

The following table provides information about the Company’s contributions to its multiemployer pension plans. For plans that are not individually significant to the Company, the total amount of the Company's contributions is aggregated. Prior year contribution amounts have been reclassified to other funds (below) for plans no longer considered significant in 2018.
 
Contributions(1)(2)
 
Contributions That
Exceed 5% of
Total Plan Contributions(3)
 
2018
 
2017
 
2016
 
2017
 
2016
Pension Fund
 
 
 
 
 
 
 
 
 
Minneapolis Food Distributing Industry Pension Plan
5

 
5

 
5

 
Yes

 
Yes

Teamster Pension Trust Fund of Philadelphia and Vicinity
4

 
4

 
3

 
No

 
No

Local 703 I.B. of T. Grocery and Food Employees’ 
     Pension Plan
2

 
1

 
1

 
Yes

 
Yes

United Teamsters Trust Fund A
2

 
2

 
2

 
Yes

 
Yes

Warehouse Employees Local 169 and Employers 
     Joint Pension Fund
1

 
1

 
1

 
Yes

 
Yes

Other Funds
21

 
21

 
21

 

 

 
$
35

 
$
34

 
$
33

 
 
 
 

(1)
Contributions made to these plans during the Company’s fiscal year, which may not coincide with the plans’ fiscal years.
(2)
Contributions do not include payments related to multiemployer pension plan withdrawals/settlements.
(3)
Indicates whether the Company was listed in the respective multiemployer pension plan Form 5500 for the applicable plan year as having made more than 5% of total contributions to the plan.