XML 57 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1
Employee Benefit Plans (Tables)
12 Months Ended
Sep. 29, 2018
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]  
Schedule Of Changes In Projected Benefit Obligations And Plan Assets And Funded Status The changes in projected benefit obligations and plan assets and the funded status of the U.S. and non-U.S. defined benefit plans are as follows:
  
U.S. Plans
 
Non-U.S. Plans
  
2018
 
2017
 
2018
 
2017
Change in projected benefit obligation:
 
 
 
 
 
 
 
Projected benefit obligation at prior year measurement date
$
941,766

 
$
979,055

 
$
214,474

 
$
219,308

Service cost
22,535

 
24,115

 
5,738

 
6,105

Interest cost
32,292

 
30,573

 
4,241

 
3,121

Contributions by plan participants

 

 
918

 
844

Actuarial (gains) losses
(46,526
)
 
(30,339
)
 
(6,679
)
 
(18,881
)
Foreign currency exchange impact

 

 
(4,670
)
 
6,222

Benefits paid
(33,941
)
 
(60,891
)
 
(6,302
)
 
(4,703
)
Curtailments

 

 

 
(262
)
Other
(852
)
 
(747
)
 
(75
)
 
2,720

Projected benefit obligation at measurement date
$
915,274

 
$
941,766

 
$
207,645

 
$
214,474

Change in plan assets:
 
 
 
 
 
 
 
Fair value of assets at prior year measurement date
$
756,274

 
$
675,018

 
$
141,906

 
$
135,439

Actual return on plan assets
8,038

 
79,419

 
2,740

 
(214
)
Employer contributions
149,464

 
63,597

 
9,971

 
7,655

Contributions by plan participants

 

 
918

 
844

Benefits paid
(33,941
)
 
(60,891
)
 
(6,302
)
 
(4,703
)
Foreign currency exchange impact

 

 
(3,551
)
 
2,919

Other
(852
)
 
(869
)
 
(41
)
 
(34
)
Fair value of assets at measurement date
$
878,983

 
$
756,274

 
$
145,641

 
$
141,906

Funded status and amount recognized in assets and liabilities
$
(36,291
)
 
$
(185,492
)
 
$
(62,004
)
 
$
(72,568
)
Amount recognized in assets and liabilities:
 
 
 
 
 
 
 
Long-term assets
$
49,967

 
$

 
$
7,874

 
$
1,672

Current and long-term pension liabilities
(86,258
)
 
(185,492
)
 
(69,878
)
 
(74,240
)
Amount recognized in assets and liabilities
$
(36,291
)
 
$
(185,492
)
 
$
(62,004
)
 
$
(72,568
)
Amount recognized in AOCIL, before taxes:
 
 
 
 
 
 
 
Prior service cost (credit)
$
320

 
$
507

 
$
(69
)
 
$
(83
)
Actuarial losses
332,520

 
360,391

 
32,430

 
40,075

Amount recognized in AOCIL, before taxes
$
332,840

 
$
360,898

 
$
32,361

 
$
39,992

Schedule Of Projected Benefit Obligations Or Accumulated Benefit Obligations In Excess Of Plan Assets The following table provides aggregate information for the pension plans, which have projected benefit obligations or accumulated benefit obligations in excess of plan assets:
 
 
September 29, 2018
 
September 30, 2017
Projected benefit obligation
 
$
234,402

 
$
1,047,605

Accumulated benefit obligation
 
219,830

 
969,161

Fair value of plan assets
 
78,265

 
793,167

Schedule Of Weighted-Average Assumptions Used To Determine Net Periodic Benefit Cost And Benefit Obligations Weighted-average assumptions used to determine benefit obligations as of the measurement dates and weighted-average assumptions used to determine net periodic benefit cost are as follows:
  
U.S. Plans
 
Non-U.S. Plans
  
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Assumptions for net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
n/a

 
n/a

 
4.5
%
 
n/a

 
n/a

 
3.0
%
Service cost discount rate
4.2
%
 
4.0
%
 
n/a

 
2.5
%
 
2.0
%
 
n/a

Interest cost discount rate
3.5
%
 
3.2
%
 
n/a

 
2.2
%
 
1.7
%
 
n/a

Return on assets
7.0
%
 
7.5
%
 
7.7
%
 
3.5
%
 
3.6
%
 
4.1
%
Rate of compensation increase
3.5
%
 
3.5
%
 
4.1
%
 
2.5
%
 
2.3
%
 
2.6
%
Assumptions for benefit obligations:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.3
%
 
4.0
%
 
3.8
%
 
2.8
%
 
2.5
%
 
1.9
%
Rate of compensation increase
3.5
%
 
3.5
%
 
3.5
%
 
2.5
%
 
2.5
%
 
2.3
%
Schedule Of Weighted-Average Asset Allocations By Asset Category For The Pension Plans The weighted average asset allocations by asset category for the pension plans as of September 29, 2018 and September 30, 2017 are as follows:
  
U.S. Plans
 
Non-U.S. Plans
  
Target
 
2018
Actual
 
2017
Actual
 
Target
 
2018
Actual
 
2017
Actual
Asset category:
 
 
 
 
 
 
 
 
 
 
 
Equity
15%-25%
 
21%
 
57%
 
20%-45%
 
33%
 
32%
Debt
75%-85%
 
79%
 
43%
 
30%-45%
 
39%
 
36%
Other
—%
 
—%
 
—%
 
25%-35%
 
28%
 
32%
The following tables present the consolidated plan assets using the fair value hierarchy, which is described in Note 10 - Fair Value, as of September 29, 2018 and September 30, 2017.
U.S. Plans, September 29, 2018
Level 1
 
Level 2
 
Level 3
 
Total
Investments at fair value:
 
 
 
 
 
 
 
Shares of registered investment companies:
 
 
 
 
 
 
 
Equity funds
$
141,287

 
$

 
$

 
$
141,287

Fixed income funds
694,837

 

 

 
694,837

Money market funds

 
6,309

 

 
6,309

Insurance contract

 

 
484

 
484

Total investments in fair value hierarchy
836,124

 
6,309

 
484

 
842,917

Investments measured at NAV practical expedient (1)

 

 

 
36,066

Total investments at fair value
$
836,124

 
$
6,309

 
$
484

 
$
878,983

Non-U.S. Plans, September 29, 2018
Level 1
 
Level 2
 
Level 3
 
Total
Investments at fair value:
 
 
 
 
 
 
 
Mutual funds:
 
 
 
 
 
 
 
Equity funds
$

 
$
6,223

 
$

 
$
6,223

Fixed income funds

 
7,630

 

 
7,630

Equity securities
6,206

 

 

 
6,206

Fixed income securities

 
16,638

 

 
16,638

Unit investment trusts

 
17,547

 

 
17,547

Unit linked life insurance funds

 
50,127

 

 
50,127

Money market funds

 
560

 

 
560

Cash and cash equivalents
109

 

 

 
109

Insurance contracts and other

 

 
40,601

 
40,601

Total investments in fair value hierarchy
6,315

 
98,725

 
40,601

 
145,641

Investments measured at NAV practical expedient (1)
 
 
 
 
 
 

Total investments at fair value
$
6,315

 
$
98,725

 
$
40,601

 
$
145,641

U.S. Plans, September 30, 2017
Level 1
 
Level 2
 
Level 3
 
Total
Investments at fair value:
 
 
 
 
 
 
 
Shares of registered investment companies:
 
 
 
 
 
 
 
Equity funds
$
302,652

 
$

 
$

 
$
302,652

Fixed income funds
323,008

 

 

 
323,008

Employer securities
83,246

 

 

 
83,246

Money market funds

 
7,372

 

 
7,372

Cash and cash equivalents
1,260

 

 

 
1,260

Insurance contract

 

 
464

 
464

Total investments in fair value hierarchy
710,166

 
7,372

 
464

 
718,002

Investments measured at NAV practical expedient (1)
 
 
 
 
 
 
38,272

Total investments at fair value
$
710,166

 
$
7,372

 
$
464

 
$
756,274

 
Non-U.S. Plans, September 30, 2017
Level 1
 
Level 2
 
Level 3
 
Total
Investments at fair value:
 
 
 
 
 
 
 
Mutual funds:
 
 
 
 
 
 
 
Equity funds
$

 
$
15,529

 
$

 
$
15,529

Fixed income funds

 
16,440

 

 
16,440

Equity securities
8,080

 

 

 
8,080

Fixed income securities

 
14,488

 

 
14,488

Unit linked life insurance funds

 
41,054

 

 
41,054

Money market funds

 
814

 

 
814

Cash and cash equivalents
48

 

 

 
48

Insurance contracts and other

 
5,492

 
39,961

 
45,453

Total investments in fair value hierarchy
8,128

 
93,817

 
39,961

 
141,906

Investments measured at NAV practical expedient (1)
 
 
 
 
 
 

Total investments at fair value
$
8,128

 
$
93,817

 
$
39,961

 
$
141,906

Schedule Of Roll-Forward Of The Consolidated Plan Assets Classified As Level 3 Within The Fair Value Hierarchy The following is a roll forward of the consolidated plan assets classified as Level 3 within the fair value hierarchy:
  
  
U.S. Plans
 
Non-U.S. Plans
 
Total
Balance at October 1, 2016
 
$
589

 
$
42,614

 
$
43,203

Return on assets
 
23

 
(5,437
)
 
(5,414
)
Purchases from contributions to Plans
 

 
2,848

 
2,848

Settlements paid in cash
 
(148
)
 
(1,492
)
 
(1,640
)
Foreign currency translation
 

 
1,428

 
1,428

Balance at September 30, 2017
 
464

 
39,961

 
40,425

Return on assets
 
20

 
126

 
146

Purchases from contributions to Plans
 

 
2,874

 
2,874

Settlements paid in cash
 

 
(1,612
)
 
(1,612
)
Foreign currency translation
 

 
(748
)
 
(748
)
Balance at September 29, 2018
 
$
484

 
$
40,601

 
$
41,085

Schedule Of Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Table Text Block] The following table summarizes investments measured at fair value based on net asset value (NAV) per share as of September 29, 2018:
 
 
Fair Value
 
 
 
 
 
 
 
 
September 29, 2018
 
September 30, 2017
 
Unfunded Commitments
 
Redemption Frequency
 
Redemption Notice Period
Limited partnerships (1)
 
$
35,931

 
$
35,821

 
$
5,219

 
Varies
 
10-45 days
Hedge funds (2)
 
135

 
2,451

 

 
Quarterly
 
60 days
Total
 
$
36,066

 
$
38,272

 
$
5,219

 
 
 
 
Schedule Of Pension Expense Pension expense for all defined benefit plans is as follows:
  
U.S. Plans
 
Non-U.S. Plans
 
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Service cost
$
22,535

 
$
24,115

 
$
23,637

 
$
5,738

 
$
6,105

 
$
5,204

Interest cost
32,292

 
30,573

 
37,659

 
4,241

 
3,121

 
4,928

Expected return on plan assets
(54,302
)
 
(54,510
)
 
(50,383
)
 
(5,001
)
 
(4,643
)
 
(4,862
)
Amortization of prior service cost (credit)
187

 
187

 
187

 
(60
)
 
(106
)
 
(103
)
Amortization of actuarial loss
27,609

 
33,738

 
26,168

 
2,512

 
4,581

 
2,600

Curtailment gain

 

 

 

 
(147
)
 

Settlement loss

 

 
59

 

 

 
131

Pension expense for defined benefit plans
$
28,321

 
$
34,103

 
$
37,327

 
$
7,430

 
$
8,911

 
$
7,898

Schedule Of Benefits Expected To Be Paid To The Participants Of The Plans Benefits expected to be paid to the participants of the plans are:
 
 
U.S. Plans
 
Non-U.S. Plans
2019
 
$
36,301

 
$
5,992

2020
 
38,887

 
5,547

2021
 
42,157

 
6,232

2022
 
45,023

 
7,194

2023
 
48,100

 
7,976

Five years thereafter
 
282,773

 
46,000

Schedule of Defined Contribution Plan Expense Pension expense for the defined contribution plans consists of:
 
 
2018
 
2017
 
2016
U.S. defined contribution plans
 
$
16,568

 
$
15,036

 
$
14,128

Non-U.S. defined contribution plans
 
4,821

 
4,878

 
4,782

Total pension expense for defined contribution plans
 
$
21,389

 
$
19,914

 
$
18,910

Schedule Of Changes In The Accumulated Benefit Obligation Of Unfunded Plan The changes in the accumulated benefit obligation of this unfunded plan for 2018 and 2017 are shown in the following table:
 
 
September 29, 2018
 
September 30, 2017
Change in Accumulated Postretirement Benefit Obligation (APBO):
 
 
 
 
APBO at prior year measurement date
 
$
10,513

 
$
12,825

Service cost
 
84

 
118

Interest cost
 
281

 
288

Contributions by plan participants
 
629

 
1,699

Benefits paid
 
(1,402
)
 
(2,448
)
Actuarial (gains) losses
 
(1,248
)
 
(769
)
Plan amendment
 

 
(1,200
)
APBO at measurement date
 
$
8,857

 
$
10,513

Funded status
 
$
(8,857
)
 
$
(10,513
)
Accrued postretirement benefit liability
 
$
8,857

 
$
10,513

Amount recognized in AOCIL, before taxes:
 
 
 
 
Prior service credit
 
$
729

 
$
1,200

Actuarial gains
 
4,915

 
4,178

Amount recognized in AOCIL, before taxes
 
$
5,644

 
$
5,378

Schedule Of Cost Of The Postretirement Benefit Plan The cost of the postretirement benefit plan is as follows:
 
 
2018
 
2017
 
2016
Service cost
 
$
84

 
$
118

 
$
161

Interest cost
 
281

 
288

 
468

Amortization of prior service credit
 
(470
)
 

 

Amortization of actuarial gain
 
(511
)
 
(487
)
 
(572
)
Net periodic postretirement benefit cost (income)
 
$
(616
)
 
$
(81
)
 
$
57