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Pension and Other Post-retirement Benefits (Tables)
12 Months Ended
Oct. 30, 2022
Retirement Benefits [Abstract]  
Schedule of net periodic cost of defined benefit plans Net periodic cost of defined benefit plans included the following for fiscal years ending: 
 Pension BenefitsPost-retirement Benefits
In thousandsOctober 30, 2022October 31, 2021October 25, 2020October 30, 2022October 31, 2021October 25, 2020
Service Cost$40,076 $37,127 $35,584 $469 $533 $770 
Interest Cost50,558 50,399 53,642 7,684 7,945 9,306 
Expected Return on Plan Assets(108,248)(102,693)(101,283) — — 
Amortization of Prior Service Cost(1,496)(1,496)(2,168)8 (669)(2,651)
Recognized Actuarial Loss12,530 22,742 22,383 2,439 2,020 1,045 
Net Periodic Cost$(6,581)$6,080 $8,158 $10,600 $9,830 $8,470 
Schedule of amounts that have not been recognized in net periodic pension cost and are included in accumulated other comprehensive loss The following amounts have not been recognized in net periodic pension cost and are included in Accumulated Other Comprehensive Loss: 
 Pension BenefitsPost-retirement Benefits
In thousandsOctober 30, 2022October 31, 2021October 30, 2022October 31, 2021
Unrecognized Prior Service Credit$(2,399)$(3,624)$(146)$(154)
Unrecognized Actuarial (Losses) Gains(272,401)(305,433)18,044 (35,616)
Schedule of reconciliation of the beginning and ending balances of the benefit obligation, the fair value of plan assets, and the funded status of the plans
The following is a reconciliation of the beginning and ending balances of the benefit obligation, fair value of plan assets, and funded status of the plans as of the measurement dates: 
Pension BenefitsPost-retirement Benefits
In thousandsOctober 30, 2022October 31, 2021October 30, 2022October 31, 2021
Change in Benefit Obligation:
Benefit Obligation at Beginning of Year$1,711,958 $1,666,886 $274,666 $285,293 
Service Cost40,076 37,127 469 533 
Interest Cost50,558 50,399 7,684 7,945 
Actuarial (Gain) Loss(1)
(515,995)34,247 (51,219)1,539 
Plan Amendments(2,722)—  — 
Participant Contributions — 1,808 2,113 
Medicare Part D Subsidy — 448 461 
Benefits Paid(83,862)(76,702)(21,868)(23,218)
Benefit Obligation at End of Year$1,200,013 $1,711,958 $211,986 $274,666 
(1) Actuarial gains in fiscal 2022 were primarily due to the change in the discount rate assumptions utilized in measuring plan obligations.

 
Pension BenefitsPost-retirement Benefits
In thousandsOctober 30, 2022October 31, 2021October 30, 2022October 31, 2021
Change in Plan Assets:
Fair Value of Plan Assets at Beginning of Year$1,698,596 $1,553,532 $ $— 
Actual Return on Plan Assets(387,244)211,054  — 
Participant Contributions — 1,808 2,113 
Employer Contributions12,711 10,712 20,060 21,105 
Benefits Paid(83,862)(76,702)(21,868)(23,218)
Fair Value of Plan Assets at End of Year$1,240,200 $1,698,596 $ $— 
Funded Status at End of Year$40,187 $(13,362)$(211,986)$(274,666)
Schedule of amounts recognized in the Consolidated Statements of Financial Position Amounts recognized in the Consolidated Statements of Financial Position are as follows:
 Pension BenefitsPost-retirement Benefits
In thousandsOctober 30, 2022October 31, 2021October 30, 2022October 31, 2021
Pension Assets$245,566 $289,096 $ $— 
Employee-related Expenses(11,571)(11,173)(19,962)(19,589)
Pension and Post-retirement Benefits(193,808)(291,285)(192,024)(255,077)
Net Amount Recognized$40,187 $(13,362)$(211,986)$(274,666)
Schedule of information for pension plans with accumulated benefit obligations in excess of plan assets The following table provides information for pension plans with projected and accumulated benefit obligations in excess of plan assets: 
In thousandsOctober 30, 2022October 31, 2021
Projected Benefit Obligation$205,379 $302,458 
Accumulated Benefit Obligation204,302 292,877 
Fair Value of Plan Assets — 
Schedule of weighted-average assumptions used to determine benefit obligations and net periodic benefit costs
Weighted-average assumptions used to determine benefit obligations are as follows: 
 October 30, 2022October 31, 2021
Discount Rate5.92 %3.00 %
Rate of Future Compensation Increase (For Plans that Base Benefits on
    Final Compensation Level)
3.95 %4.14 %
Interest Crediting Rate (For Cash Balance Plan)(1)
4.42 %— 
(1) Cash balance plan enacted in the fourth quarter of fiscal 2022.

Weighted-average assumptions used to determine net periodic benefit costs are as follows:
 October 30, 2022October 31, 2021October 25, 2020
Discount Rate3.00 %3.06 %3.37 %
Rate of Future Compensation Increase (For Plans
    that Base Benefits on Final Compensation Level)
4.14 %4.09 %4.06 %
Expected Long-term Return on Plan Assets
6.50 %6.75 %7.00 %
Schedule of benefits expected to be paid over the next ten fiscal years Benefits expected to be paid over the next ten fiscal years are as follows: 
In thousands
Pension Benefits
Post-retirement Benefits
2023$81,447 $20,548 
202484,199 20,176 
202587,441 19,640 
202690,959 19,031 
202795,094 18,370 
2028-2032501,359 80,186 
Schedule of actual and target weighted-average asset allocations for pension plan assets The actual and target weighted-average asset allocations for the Company’s pension plan assets as of the plan measurement date are as follows: 
October 30, 2022October 31, 2021
Asset CategoryActual %Target
Range %
Actual %Target
Range %
Fixed Income43.3 
40-60
43.8 
35-60
Global Stocks36.9 
20-55
40.7 
20-55
Real Estate8.6 
0-10
5.3 
0-10
Private Equity7.1 
0-10
6.4 
0-10
Hedge Funds2.1 
0-10
2.6 
0-10
Cash and Cash Equivalents1.9 
0-5
1.1 
Schedule of categories of defined benefit pension plan assets and the level under which fair values were determined in the fair value hierarchy The following tables show the categories of defined benefit pension plan assets and the level under which fair values were determined pursuant to the provisions of ASC 820. Assets measured at fair value using the net asset value (NAV) per share practical expedient are not required to be classified in the fair value hierarchy. These amounts are provided to permit reconciliation to the total fair value of plan assets.    
Fair Value Measurements as of October 30, 2022
In thousandsTotal
Fair Value
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Plan Assets in Fair Value Hierarchy    
Cash Equivalents(1)
$23,162 $ $23,162 $ 
Private Equity(2)
Domestic37,032   37,032 
International51,122   51,122 
Fixed Income(3)
U.S. Government Issues166,461 109,643 56,818  
Municipal Issues10,541  10,541  
Corporate Issues – Domestic244,044  244,044  
Corporate Issues – Foreign41,759  41,759  
Global Stocks - Mutual Funds(4)
    
Plan Assets in Fair Value Hierarchy$574,121 $109,643 $376,324 $88,154 
Plan Assets at Net Asset Value
Real Estate – Domestic(5)
$106,951 
Global Stocks - Collective Investment Funds(6)
458,045 
Hedge Funds(7)
26,273 
 Fixed Income - Hedge Funds(8)
62,025 
 Fixed Income - Collective Investment Funds(9)
12,785 
Plan Assets at Net Asset Value$666,080 
Total Plan Assets at Fair Value$1,240,200 
 Fair Value Measurements as of October 31, 2021
In thousandsTotal
Fair Value
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Plan Assets in Fair Value Hierarchy    
Cash Equivalents(1)
$19,328 $— $19,328 $— 
Private Equity(2)
Domestic53,229 — — 53,229 
International56,190 — — 56,190 
Fixed Income(3)
U.S. Government Issues262,181 164,357 97,824 — 
Municipal Issues14,024 — 14,024 — 
Corporate Issues – Domestic321,639 — 321,639 — 
Corporate Issues – Foreign56,102 — 56,102 — 
Global Stocks - Mutual Funds(4)
94,115 94,115 — — 
Plan Assets in Fair Value Hierarchy$876,808 $258,472 $508,917 $109,419 
Plan Assets at Net Asset Value
Real Estate – Domestic(5)
$90,106 
Global Stocks - Collective Investment Funds(6)
596,985 
Hedge Funds(7)
44,848 
 Fixed Income - Hedge Funds(8)
62,609 
 Fixed Income - Collective Investment Funds(9)
27,239 
Plan Assets at Net Asset Value$821,787 
Total Plan Assets at Fair Value$1,698,596 
 
The following is a description of the valuation methodologies used for instruments measured at fair value, including the general classification of such instruments:
 
(1) Cash Equivalents: These Level 2 investments consist primarily of highly liquid money market mutual funds traded in active markets in addition to highly liquid futures and T-bills with an observable daily settlement price.

(2) Private Equity: These Level 3 investments consist of various collective investment funds, which are managed by a third party, invested in a well-diversified portfolio of equity investments from top performing, high quality firms focused on U.S. and foreign small to mid-markets, venture capitalists, and entrepreneurs with a concentration in areas of innovation. Investment strategies include buyouts, growth capital, buildups, and distressed, as well as early stages of company development mainly in the U.S. The fair value of these funds is based on the fair value of the underlying investments.

(3) Fixed Income: The Level 1 investments include U.S. Treasury bonds and notes, which are valued at the closing price reported on the active market in which the individual securities are traded. The Level 2 investments consist principally of U.S. government securities, which are valued daily using institutional bond quote sources and mortgage-backed securities pricing sources, and municipal, domestic, and foreign securities, which are valued daily using institutional bond quote sources.

(4) Global Stocks - Mutual Funds: These Level 1 investments include open-ended mutual funds consisting of a mix of U.S. common stocks and foreign common stocks, which are valued at closing price reported on the active market in which the fund is traded. The investment strategy is to obtain long term capital appreciation by focusing on companies generating above average earnings growth and are leading growth businesses in the marketplace. There are no restrictions on redemptions.

(5) Real Estate - Domestic: These investments include ownership in open-ended real estate funds, which manage diversified portfolios of commercial properties within the office, residential, retail, and industrial property sectors. Investment strategies aim to acquire, own, hold, or dispose of investments with the goal of achieving current income and/or capital appreciation. The real estate investments are valued at the NAV of shares held by the Master Trust. Requests to redeem shares are granted on a quarterly basis with either 45 or 90 days advance notice, subject to availability of cash.

(6) Global Stocks - Collective Investment Funds: These investments include commingled funds consisting of a mix of U.S. common stocks and foreign common stocks. The collective investment funds are valued at the NAV of shares held by the Master Trust. The investment strategy is to obtain long term capital appreciation by focusing on companies generating above average earnings growth and are leading growth businesses in the marketplace. All funds are daily liquid with the exception of one that is available on the first business day of the month for subscriptions and withdrawals.

(7) Hedge Funds: These investments are designed to provide diversification to an overall institutional portfolio and, in particular, provide protection against equity market downturns. They are comprised of Commodity Trading Advisor Managed Futures, Global Macro (Discretionary and/or Quant) and Long Volatility/Tail Risk Hedging strategies. The hedge funds are valued at the NAV of shares held by the Master Trust. Requests to redeem shares are granted daily, monthly or quarterly.

(8) Fixed Income - Hedge Funds: These investments target absolute, risk-adjusted returns by taking advantage of price dislocations and inconsistencies within credit markets. Funds are comprised primarily of U.S. and European corporate credit and structured credit. The investments are valued at the NAV of shares held by the Master Trust. Requests to redeem shares are granted on a quarterly basis on the three year fund anniversary with a ninety day notice period.
 
(9) Fixed Income - Collective Investment Funds: These investments include commingled funds consisting of a mix of U.S. government and investment grade corporate bonds. The collective investment funds are valued at NAV of the shares held by the Master Trust. The investment strategy is to achieve an investment return that approximates as closely to the Bloomberg Barclays U.S. Aggregate Bond Index over the long term by investing in the securities that comprise the benchmark. There are no restrictions on redemptions.
Schedule of reconciliation of the beginning and ending balance of the investments measured at fair value using significant unobservable inputs (Level 3) A reconciliation of the beginning and ending balance of the investments measured at fair value using significant unobservable inputs (Level 3) is as follows:
In thousandsOctober 30, 2022October 31, 2021
Fair Value at Beginning of Year$109,419 $83,838 
Purchases, Issuances, and Settlements (Net)(29,188)(23,151)
Unrealized Gains (Losses)(1)
(18,027)26,879 
Realized Gains(604)604 
Interest and Dividend Income26,554 21,248 
Fair Value at End of Year$88,154 $109,419 
 (1) Included in Accumulated Other Comprehensive Loss in the Consolidated Statements of Financial Position.
Schedule of unfunded private equity commitment balance for each investment category The unfunded private equity commitment balance for each investment category is as follows: 
In thousandsOctober 30, 2022October 31, 2021
Domestic Equity$2,146 $81 
International Equity10,466 9,794 
Unfunded Commitment Balance$12,612 $9,875