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Retirement Plans (Tables)
12 Months Ended
Jan. 02, 2021
Retirement Benefits [Abstract]  
Components of Net Periodic Pension and Other Postretirement Benefit Costs
The components of net periodic pension benefit costs (credits) for the Retirement Plan the last three fiscal years were as follows:
202020192018
Components of net periodic pension benefit (credits) costs:
Service cost
$$$
Interest cost
32 37 36 
Expected return on plan assets
(55)(49)(52)
Amortization of net loss
Settlements
— 12 — 
Net periodic pension benefit (credits) costs $(19)$$(11)
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:
202020192018
Changes recognized in accumulated other comprehensive loss:
Actuarial gain
$29 $44 $
Amortization of net loss
Settlements
— 12 — 
Net amount recognized$30 $60 $
Funded Status of the Defined Benefit Plans
The funded status of the Retirement Plan for the last three fiscal years was as follows:
Pension Benefits
202020192018
Change in benefit obligation:
Benefit obligation as of beginning of year
$903 $871 $976 
Service cost
Interest cost
32 37 36 
Actuarial loss (gain)
98 100 (97)
Settlements
— (84)— 
Benefit disbursements
(45)(23)(46)
Smart Foodservice assumed benefit obligations70 — — 
Benefit obligation as of end of year
1,061 903 871 
Change in plan assets:
Fair value of plan assets as of beginning of year
923 836 851 
Return on plan assets
183 193 (40)
Employer contribution
— 71 
Settlements
— (84)— 
Benefit disbursements
(45)(23)(46)
Smart Foodservice acquired plan assets51 — — 
Fair value of plan assets as of end of year
1,112 923 836 
Net funded status$51 $20 $(35)
Schedule of Net Funded Status [Table Text Block]
Other Postretirement Plans
202020192018
Change in benefit obligation:
Benefit obligation as of beginning of year
$$$
Benefit disbursements
(1)(1)(1)
Other
— 
Benefit obligation as of end of year
Change in plan assets:
Fair value of plan assets as of beginning of year
— — — 
Employer contribution
Benefit disbursements
(1)(1)(1)
Fair value of plan assets as of end of year
— — — 
Net funded status$(6)$(6)$(6)
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
Pension Benefits
202020192018
Amounts recognized in the consolidated
   balance sheets consist of the following:
Prepaid benefit obligation—noncurrent
$53 $22 $— 
Accrued benefit obligation—current
— — — 
Accrued benefit obligation—noncurrent
(2)(2)(35)
Net amount recognized in the consolidated
   balance sheets
$51 $20 $(35)
Amounts recognized in accumulated other
   comprehensive loss consist of the following:
Net loss
$98 $129 $190 
Net loss recognized in accumulated other
   comprehensive loss
$98 $129 $190 
Additional information:
Accumulated benefit obligation
$1,057 $899 $869 
Other Postretirement Plans
202020192018
Amounts recognized in the consolidated
   balance sheets consist of the following:
Accrued benefit obligation—current
$— $(1)$(1)
Accrued benefit obligation—noncurrent
(6)(5)(5)
Net amount recognized in the consolidated
   balance sheets
$(6)$(6)$(6)
Amounts recognized in accumulated other
   comprehensive loss consist of the following:
Gain, net of prior service cost
$— $$
Net gain recognized in accumulated other
   comprehensive loss
$— $$
Additional information:
Accumulated postretirement benefit obligation
$$$
Assumptions to Determine Benefit Obligations at Period-end and Net Pension Costs
Weighted average assumptions used to determine benefit obligations as of period-end and net pension costs for the last three fiscal years were as follows:
Pension Benefits
202020192018
Benefit obligation:
Discount rate
2.80 %3.50 %4.35 %
Annual compensation increase
2.96 %3.60 %3.60 %
Net cost:
Discount rate
3.50 %4.35 %3.70 %
Expected return on plan assets
6.00 %6.00 %6.00 %
Annual compensation increase
3.60 %3.60 %3.60 %
Other Postretirement Plans
202020192018
Benefit obligation—discount rate2.80 %3.50 %4.35 %
Net cost—discount rate3.50 %4.35 %3.70 %
Assumed Health Care Trend Rates The assumed healthcare trend rates for the last three fiscal years were as follows:
202020192018
Immediate rate5.60 %5.90 %6.30 %
Ultimate trend rate4.50 %4.50 %4.50 %
Year the rate reaches the ultimate trend rate203720372037
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 January 2, 2021
Level 1Level 2Level 3Total
Cash and cash equivalents$$— $— $
Equities:
Domestic
56 — — 56 
International
— — 
Mutual fund:
International equities
29 — — 29 
Long-term debt securities:
Corporate debt securities:
Domestic
— 292 — 292 
International
— 36 — 36 
U.S. government securities
— 53 — 53 
Other
— — 
$94 $384 $— 478 
Common collective trust funds:
Cash equivalents
11 
Domestic equities
240 
International equities
62 
Treasury STRIPS
321 
Total investments measured at net asset value
     as a practical expedient
634 
Total defined benefit plans’ assets
$1,112 
Asset Fair Value as of December 28, 2019
Level 1Level 2Level 3Total
Cash and cash equivalents$$— $— $
Equities:
Domestic
46 — — 46 
International
— — 
Mutual fund:
International equities
26 — — 26 
Long-term debt securities:
Corporate debt securities:
Domestic
— 248 — 248 
International
— 38 — 38 
U.S. government securities
— — 
Other
— — 
$77 $294 $— 371 
Common collective trust funds:
Cash equivalents
16 
Domestic equities
193 
International equities
50 
Treasury STRIPS
293 
Total investments measured at net asset value
     as a practical expedient
552 
Total defined benefit plans’ assets
$923 
Estimated Future Benefit Payments
Estimated future benefit payments, under Company sponsored plans as of January 2, 2021, were as follows:
Pension Benefits
Other Postretirement Plans
2021$50 $— 
202251 — 
202352 
202453 
202553 
Subsequent five years247 
Contributions to Multiemployer Pension Plans
Pension Fund
EIN/
Plan Number
PPA
Zone Status
FIP/RP Status
Pending/
Implemented
Surcharge
Imposed
Expiration Dates
20202019
Minneapolis Food Distributing
   Industry Pension Plan
41-6047047/001GreenGreenN/ANo04/01/21
Teamster Pension Trust Fund of
   Philadelphia and Vicinity
23-1511735/001YellowYellowImplementedNo2/13/22
Local 703 I.B. of T. Grocery and
Food Employees’ Pension Plan
36-6491473/001GreenGreenN/ANo6/30/21
United Teamsters Trust Fund A13-5660513/001YellowYellowImplementedNo5/30/22
Warehouse Employees Local
   169 and Employers Joint
   Pension Fund
23-6230368/001RedRedImplementedNo2/13/22
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.
Contributions(1)(2)
Contributions That
Exceed 5% of
Total Plan Contributions(3)
20202019201820192018
Pension Fund
Minneapolis Food Distributing Industry Pension Plan$$$YesYes
Teamster Pension Trust Fund of Philadelphia and VicinityNoNo
Local 703 I.B. of T. Grocery and Food Employees’ 
Pension Plan
YesYes
United Teamsters Trust Fund AYesYes
Warehouse Employees Local 169 and Employers 
Joint Pension Fund
YesYes
Other funds31 24 21 
$44 $38 $35 

(1)Contributions made to these plans during the Company’s fiscal year, which may not coincide with the plans’ respective 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.