XML 36 R19.htm IDEA: XBRL DOCUMENT v3.19.1
Retirement Plans
 3 Months Ended
Mar. 30, 2019
Retirement Benefits [Abstract]  
Retirement Plans RETIREMENT PLANS
The Company has defined benefit and defined contribution retirement plans for its employees, and provides certain postretirement health and welfare benefits to eligible retirees and their dependents. Also, the Company contributes to various multiemployer plans under certain of its collective bargaining agreements.
The components of net periodic pension benefit (credits) costs for Company sponsored defined benefit plans were as follows:
 
13-Weeks Ended
 
March 30, 2019
 
March 31, 2018
Components of net periodic pension benefit (credits) costs
 
 
 
Service cost
$
1

 
$
1

Interest cost
9

 
9

Expected return on plan assets
(12
)
 
(13
)
Amortization of net loss
1

 
1

Net periodic pension benefit credits
$
(1
)
 
$
(2
)

Other postretirement net periodic benefit costs were de minimis for the 13-weeks ended March 30, 2019 and March 31, 2018.
The service cost component of net periodic pension benefit credits is included in distribution, selling and administrative costs, while the other components of net periodic pension benefit credits are included in other income—net, respectively, in the Company's Consolidated Statements of Comprehensive Income.
The Company does not expect to make a significant contribution to its Company sponsored defined benefit plans in fiscal year 2019.
Certain employees are eligible to participate in the Company's 401(k) savings plan. This plan provides that, under certain circumstances and subject to applicable IRS limits, the Company may match participant contributions of up to 100% of the first 3% of a participant’s eligible compensation and 50% of the next 2% of a participant’s eligible compensation, for a maximum employer matching contribution of 4%. The Company made matching employer contributions to the 401(k) plan of $13 million for each of the 13-weeks ended March 30, 2019 and March 31, 2018.
The Company also contributes to various multiemployer pension plans under certain of its collective bargaining agreements. The Company’s contributions to these plans were $9 million for each of the 13-weeks ended March 30, 2019 and March 31, 2018.