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PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)
9 Months Ended
Sep. 30, 2018
Defined Benefit Plan [Abstract]  
Schedule of Retirement Plan Expenses
Expenses recognized under all these retirement plans were as follows:
 
Thirteen Weeks
Ended
September 30, 2018
 
Thirteen Weeks Ended
September 24, 2017
 
Thirty-Nine Weeks
Ended
September 30, 2018
 
Thirty-Nine Weeks Ended
September 24, 2017
 
(In thousands)
Total retirement plans expense
$
2,968

 
$
2,735

 
$
9,133

 
$
7,963

Schedule of Defined Benefit Plan Obligations and Assets
The change in benefit obligation, change in fair value of plan assets, funded status and amounts recognized in the Condensed Consolidated Balance Sheets for the defined benefit plans were as follows:
 
Thirty-Nine Weeks Ended 
 September 30, 2018
 
Thirty-Nine Weeks Ended 
 September 24, 2017
 
Pension Benefits
 
Other Benefits
 
Pension Benefits
 
Other Benefits
Change in projected benefit obligation:
(In thousands)
Projected benefit obligation, beginning of period
$
178,247

 
$
1,603

 
$
167,159

 
$
1,648

Interest cost
4,097

 
35

 
4,178

 
38

Actuarial losses (gains)
(9,787
)
 
(67
)
 
9,433

 
25

Benefits paid
(6,857
)
 
(111
)
 
(7,571
)
 
(111
)
          Projected benefit obligation, end of period
$
165,700

 
$
1,460

 
$
173,199

 
$
1,600

 
Thirty-Nine Weeks Ended 
 September 30, 2018
 
Thirty-Nine Weeks Ended 
 September 24, 2017
 
Pension Benefits
 
Other Benefits
 
Pension Benefits
 
Other Benefits
Change in plan assets:
(In thousands)
Fair value of plan assets, beginning of period
$
112,570

 
$

 
$
97,526

 
$

Actual return on plan assets
1,853

 

 
9,321

 

Contributions by employer
9,474

 
111

 
10,538

 
111

Benefits paid
(6,857
)
 
(111
)
 
(7,571
)
 
(111
)
          Fair value of plan assets, end of period
$
117,040

 
$

 
$
109,814

 
$

 
September 30, 2018
 
December 31, 2017
 
Pension Benefits
 
Other Benefits
 
Pension Benefits
 
Other Benefits
Funded status:
(In thousands)
Unfunded benefit obligation, end of period
$
(48,660
)
 
$
(1,460
)
 
$
(65,677
)
 
$
(1,603
)
 
September 30, 2018
 
December 31, 2017
 
Pension Benefits
 
Other Benefits
 
Pension Benefits
 
Other Benefits
Amounts recognized in the Condensed Consolidated Balance Sheets at end of period:
(In thousands)
Current liability
$
(12,155
)
 
$
(148
)
 
$
(12,168
)
 
$
(149
)
Long-term liability
(36,505
)
 
(1,312
)
 
(53,509
)
 
(1,454
)
          Recognized liability
$
(48,660
)
 
$
(1,460
)
 
$
(65,677
)
 
$
(1,603
)
 
September 30, 2018
 
December 31, 2017
 
Pension Benefits
 
Other Benefits
 
Pension Benefits
 
Other Benefits
Amounts recognized in accumulated other
   comprehensive income (loss) at end of period:
(In thousands)
Net actuarial loss (gain)
$
46,241

 
$
(32
)
 
$
54,235

 
$
35

Schedule of Net Defined Benefit Pension and Other Postretirement Costs
Net defined benefit pension and other postretirement costs included the following components:
 
Thirteen Weeks Ended
September 30, 2018
 
Thirteen Weeks Ended
September 24, 2017
 
Thirty-Nine Weeks Ended September 30, 2018
 
Thirty-Nine Weeks Ended September 24, 2017
 
Pension Benefits
 
Other Benefits
 
Pension Benefits
 
Other Benefits
 
Pension Benefits
 
Other Benefits
 
Pension Benefits
 
Other Benefits
 
(In thousands)
Interest cost
$
1,366

 
$
12

 
$
1,392

 
$
13

 
$
4,097

 
$
35

 
$
4,178

 
$
38

Estimated return on plan assets
(1,516
)
 

 
(1,314
)
 

 
(4,549
)
 

 
(3,940
)
 

Amortization of net loss
300

 

 
233

 

 
902

 

 
699

 

          Net costs
$
150

 
$
12

 
$
311

 
$
13

 
$
450

 
$
35

 
$
937

 
$
38


Schedule of Economic Assumptions, and Impact of Change in Discount Rate on Benefit Obligation
The weighted average assumptions used in determining pension and other postretirement plan information were as follows:
 
September 30, 2018
 
December 31, 2017
 
Pension Benefits
 
Other Benefits
 
Pension Benefits
 
Other Benefits
Assumptions used to measure benefit obligation at end
   of period:
 
 
 
 
 
 
 
Discount rate
4.28
%
 
4.08
%
 
3.69
%
 
3.39
%
 
Thirty-Nine Weeks Ended 
 September 30, 2018
 
Thirty-Nine Weeks Ended 
 September 24, 2017
 
Pension Benefits
 
Other Benefits
 
Pension Benefits
 
Other Benefits
Assumptions used to measure net pension and other
   postretirement cost:
 
 
 
 
 
 
 
Discount rate
3.69
%
 
3.39
%
 
4.32
%
 
3.81
%
Expected return on plan assets
5.50
%
 
N/A

 
5.50
%
 
NA

The sensitivity of the projected benefit obligation for pension benefits to changes in the discount rate is set out below. The impact of a change in the discount rate of 0.25% on the projected benefit obligation for other benefits is less than $1,000. This sensitivity analysis is based on changing one assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. When calculating the sensitivity of the defined benefit obligation to variations in significant actuarial assumptions, the same method (present value of the defined benefit obligation calculated with the projected unit credit method at the end of the reporting period) has been applied as for calculating the liability recognized in the Condensed Consolidated Balance Sheets.
 
Increase in Discount Rate of 0.25%
 
Decrease in Discount Rate of 0.25%
 
(In thousands)
Impact on projected benefit obligation for pension benefits
$
(4,729
)
 
$
4,488

Schedule of Plan Asset Allocations
The following table reflects the pension plans’ actual asset allocations:
 
September 30, 2018
 
December 31, 2017
Cash and cash equivalents
1
%
 
5
%
Pooled separate accounts(a):
 
 
 
Equity securities
4
%
 
5
%
Fixed income securities
4
%
 
4
%
Common collective trust funds(a):
 
 
 
Equity securities
47
%
 
56
%
Fixed income securities
40
%
 
30
%
Real estate
4
%
 
%
          Total assets
100
%
 
100
%
(a)
Pooled separate accounts (“PSAs”) and common collective trust funds (“CCTs”) are two of the most common types of alternative vehicles in which benefit plans invest. These investments are pooled funds that look like mutual funds, but they are not registered with the SEC. Often times, they will be invested in mutual funds, real estate trusts or other marketable securities, but the unit price generally will be different from the value of the underlying securities because the fund may also hold cash for liquidity purposes, and the fees imposed by the fund are deducted from the fund value rather than charged separately to investors. Some PSAs and CCTs have no restrictions as to their investment strategy and can invest in riskier investments, such as derivatives, hedge funds, private equity funds, or similar investments.
Schedule of Fair Value Measurements of Plan Assets
The fair value measurements of plan assets fell into the following levels of the fair value hierarchy as of September 30, 2018 and December 31, 2017:
 
September 30, 2018
 
December 31, 2017
 
Level 1(a)
 
Level 2(b)
 
Level 3(c)
 
Total
 
Level 1(a)
 
Level 2(b)
 
Level 3(c)
 
Total
 
(In thousands)
Cash and cash equivalents
$
701

 
$

 
$

 
$
701

 
$
6,128

 
$

 
$

 
$
6,128

Pooled separate accounts:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Large U.S. equity funds(d)

 
2,927

 

 
2,927

 

 
3,483

 

 
3,483

Small/Mid U.S. equity funds(e)

 
363

 

 
363

 

 
420

 

 
420

International equity funds(f)

 
1,758

 

 
1,758

 

 
1,665

 

 
1,665

Fixed income funds(g)

 
5,052

 

 
5,052

 

 
4,799

 

 
4,799

Common collective trusts funds:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Large U.S. equity funds(d)

 
21,121

 

 
21,121

 

 
22,695

 

 
22,695

Small U.S. equity funds(e)

 
7,957

 

 
7,957

 

 
20,592

 

 
20,592

International equity funds(f)

 
25,452

 

 
25,452

 

 
19,923

 

 
19,923

Fixed income funds(g)

 
46,493

 

 
46,493

 

 
32,865

 

 
32,865

Real estate(h)

 
5,216

 

 
5,216

 

 

 

 

          Total assets
$
701

 
$
116,339

 
$

 
$
117,040

 
$
6,128

 
$
106,442

 
$

 
$
112,570

(a)
Unadjusted quoted prices in active markets for identical assets are used to determine fair value.
(b)
Quoted prices in active markets for similar assets and inputs that are observable for the asset are used to determine fair value.
(c)
Unobservable inputs, such as discounted cash flow models or valuations, are used to determine fair value.
(d)
This category is comprised of investment options that invest in stocks, or shares of ownership, in large, well-established U.S. companies. These investment options typically carry more risk than fixed income options but have the potential for higher returns over longer time periods.
(e)
This category is generally comprised of investment options that invest in stocks, or shares of ownership, in small to medium-sized U.S. companies. These investment options typically carry more risk than larger U.S. equity investment options but have the potential for higher returns.
(f)
This category is comprised of investment options that invest in stocks, or shares of ownership, in companies with their principal place of business or office outside of the U.S.
(g)
This category is comprised of investment options that invest in bonds, or debt of a company or government entity (including U.S. and non-U.S. entities). These investment options typically carry more risk than short-term fixed income investment options, but less overall risk than equities.
(h)
This category is comprised of investment options that invest in real estate investment trusts or private equity pools that own real estate. These long-term investments are primarily in office buildings, industrial parks, apartments or retail complexes. These investment options typically carry more risk, including liquidity risk, than fixed income investment options.
Schedule of Benefit Payments
The following table reflects the benefits as of September 30, 2018 expected to be paid through 2027 from the Company's pension and other postretirement plans. Because its pension plans are primarily funded plans, the anticipated benefits with respect to these plans will come primarily from the trusts established for these plans. Because the Company's other postretirement plans are unfunded, the anticipated benefits with respect to these plans will come from its own assets.
 
Pension Benefits
 
Other Benefits
 
(In thousands)
2018
$
4,592

 
$
37

2019
11,889

 
148

2020
11,687

 
146

2021
11,337

 
143

2022
11,160

 
139

2023-2027
50,628

 
611

     Total
$
101,293

 
$
1,224

Schedule of Unrecognized Benefit Amounts
The amounts in accumulated other comprehensive loss that were not recognized as components of net periodic benefits cost and the changes in those amounts are as follows:
 
Thirty-Nine Weeks Ended 
 September 30, 2018
 
Thirty-Nine Weeks Ended 
 September 24, 2017
 
Pension Benefits
 
Other Benefits
 
Pension Benefits
 
Other Benefits
 
(In thousands)
Net actuarial loss (gain), beginning of period
$
54,235

 
$
35

 
$
46,494

 
$
(31
)
Amortization
(902
)
 

 
(699
)
 

Actuarial loss (gain)
(9,787
)
 
(67
)
 
9,433

 
25

Asset loss (gain)
2,695

 

 
(5,381
)
 

     Net actuarial loss (gain), end of period
$
46,241

 
$
(32
)
 
$
49,847

 
$
(6
)