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BENEFIT PLANS (Tables)
12 Months Ended
Feb. 27, 2016
Compensation and Retirement Disclosure [Abstract]  
Benefit Obligation, Fair Value of Plan Assets and Funded Status of Defined Benefit Pension Plans and Other Postretirement Benefit Plans
The benefit obligation, fair value of plan assets and funded status of the defined benefit pension plans and other postretirement benefit plans consisted of the following:
 
Pension Benefits
 
Other Postretirement Benefits
 
2016
 
2015
 
2016
 
2015
Changes in Benefit Obligation
 
 
 
 
 
 
 
Benefit obligation at beginning of year
$
2,849

 
$
2,726

 
$
82

 
$
81

Plan amendment

 

 
(21
)
 
(5
)
Service cost

 

 

 
1

Interest cost
106

 
121

 
3

 
4

Actuarial (gain) loss
(175
)
 
371

 
(6
)
 
5

Settlements paid
(1
)
 
(272
)
 

 

Benefits paid
(115
)
 
(97
)
 
(4
)
 
(4
)
Benefit obligation at end of year
2,664

 
2,849

 
54

 
82

Changes in Plan Assets
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
2,317

 
2,261

 
4

 

Actual return on plan assets
(109
)
 
260

 

 

Employer contributions
27

 
165

 
15

 
4

Plan participants’ contributions

 

 
2

 
3

Settlements paid
(1
)
 
(272
)
 

 

Benefits paid
(115
)
 
(97
)
 
(6
)
 
(7
)
Other

 

 

 
4

Fair value of plan assets at end of year
2,119

 
2,317

 
15

 
4

Unfunded status at end of year
$
(545
)
 
$
(532
)
 
$
(39
)
 
$
(78
)
Amounts Recognized in Consolidated Balance Sheets
Amounts recognized in the Consolidated Balance Sheets consist of the following:
 
Pension Benefits
 
Other Postretirement Benefits
 
2016
 
2015
 
2016
 
2015
Accrued vacation, compensation and benefits
$
(2
)
 
$
(2
)
 
$
(4
)
 
$
(6
)
Pension and other postretirement benefit obligations
(543
)
 
(530
)
 
(35
)
 
(72
)
Total
$
(545
)
 
$
(532
)
 
$
(39
)
 
$
(78
)
Amounts recognized in the Consolidated Balance Sheets consisted of the following:
 
 
Post-Employment Benefits
 
 
2016
 
2015
Accrued vacation, compensation and benefits
 
$
5

 
$
8

Other long-term liabilities
 
8

 
10

Total
 
$
13

 
$
18

Amounts Recognized in Accumulated Other Comprehensive Losses for Defined Benefit Pension Plans and Other Postretirement Benefit Plans
Amounts recognized in Accumulated other comprehensive loss for the defined benefit pension and other postretirement benefit plans consist of the following:
 
Pension Benefits
 
Other Postretirement Benefits
 
2016
 
2015
 
2016
 
2015
Prior service benefit
$

 
$

 
$
50

 
$
45

Net actuarial loss
(693
)
 
(696
)
 
(17
)
 
(28
)
Total recognized in Accumulated other comprehensive loss
$
(693
)
 
$
(696
)
 
$
33

 
$
17

Total recognized in Accumulated other comprehensive loss, net of tax
$
(438
)
 
$
(432
)
 
$
20

 
$
9

Net Periodic Benefit Cost (Income) and Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss) for Defined Benefit Pension and Other Postretirement Benefit Plans
Net periodic benefit cost (income) and other changes in plan assets and benefit obligations recognized in Other comprehensive income (loss) for defined benefit pension and other postretirement benefit plans consist of the following:
 
Pension Benefits
 
Other Postretirement Benefits
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Net Periodic Benefit Cost (Income)
 
 
 
 
 
 
 
 
 
 
 
Service cost
$

 
$

 
$

 
$

 
$
1

 
$
2

Interest cost
106

 
121

 
121

 
3

 
4

 
4

Expected return on plan assets
(142
)
 
(149
)
 
(141
)
 

 

 

Amortization of prior service benefit

 

 

 
(15
)
 
(16
)
 
(13
)
Amortization of net actuarial loss
79

 
68

 
101

 
3

 
3

 
5

Settlement

 
64

 

 

 

 

Net periodic benefit cost (income)
43

 
104

 
81

 
(9
)
 
(8
)
 
(2
)
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss)
 
 
 
 
 
 
 
 
 
 
 
Prior service benefit

 

 

 
(21
)
 
(5
)
 
(11
)
Amortization of prior service benefit

 

 

 
15

 
16

 
12

Net actuarial loss (gain)
76

 
195

 
(259
)
 
(7
)
 
6

 
(16
)
Amortization of net actuarial loss
(79
)
 
(66
)
 
(101
)
 
(3
)
 
(3
)
 
(5
)
Total expense (benefit) recognized in Other comprehensive income (loss)
(3
)
 
129

 
(360
)
 
(16
)
 
14

 
(20
)
Total expense (benefit) recognized in net periodic benefit cost (income) and Other comprehensive income (loss)
$
40

 
$
233

 
$
(279
)
 
$
(25
)
 
$
6

 
$
(22
)
Weighted Average Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost
Weighted average assumptions used to determine benefit obligations and net periodic benefit cost consisted of the following:
 
2016
 
2015
 
2014
Benefit obligation assumptions:
 
 
 
 
 
Discount rate
4.16 – 3.95%

 
3.80
%
 
4.65
%
Rate of compensation increase
%
 
%
 
%
Net periodic benefit cost assumptions:(1)
 
 
 
 
 
Discount rate
3.80
%
 
4.65 – 4.10%

 
4.25
%
Rate of compensation increase
%
 
%
 
2.00
%
Expected return on plan assets(2)
6.50
%
 
7.00 – 6.50%

 
7.00
%
(1)
For fiscal 2016 and prior, net periodic benefit cost is measured using weighted average assumptions as of the beginning of each year.
(2)
Expected return on plan assets is estimated by utilizing forward-looking, long-term return, risk and correlation assumptions developed and updated annually by the Company. These assumptions are weighted by the actual or target allocation to each underlying asset class represented in the pension plan asset portfolio. The Company also assesses the expected long-term return on plan assets assumption by comparison to long-term historical performance on an asset class to ensure the assumption is reasonable. Long-term trends are also evaluated relative to market factors such as inflation, interest rates, and fiscal and monetary policies in order to assess the capital market assumptions.
Fair Value of Assets of Company's Benefit Plans Held in Master Trust
The fair value of assets of the Company’s defined benefit pension plans held in a master trust as of February 27, 2016, by asset category, consisted of the following:
 
Level 1
 
Level 2
 
Level 3
 
Total
Common stock
$
432

 
$

 
$

 
$
432

Common collective trusts—fixed income

 
554

 

 
554

Common collective trusts—equity

 
212

 

 
212

Government securities
49

 
114

 

 
163

Mutual funds
56

 
179

 

 
235

Corporate bonds

 
201

 

 
201

Real estate partnerships

 

 
164

 
164

Private equity

 

 
141

 
141

Mortgage-backed securities

 
14

 

 
14

Other

 
3

 

 
3

Total plan assets at fair value
$
537

 
$
1,277

 
$
305

 
$
2,119

The fair value of assets of the Company’s defined benefit pension plans held in a master trust as of February 28, 2015, by asset category, consisted of the following:
 
Level 1
 
Level 2
 
Level 3
 
Total
Common stock
$
489

 
$

 
$

 
$
489

Common collective trusts—fixed income

 
259

 

 
259

Common collective trusts—equity

 
336

 

 
336

Government securities
95

 
130

 

 
225

Mutual funds
53

 
286

 

 
339

Corporate bonds

 
292

 

 
292

Real estate partnerships

 

 
162

 
162

Private equity

 

 
144

 
144

Mortgage-backed securities

 
17

 

 
17

Other
48

 
6

 

 
54

Total plan assets at fair value
$
685

 
$
1,326

 
$
306

 
$
2,317

The asset allocation targets and the actual allocation of pension plan assets are as follows:
Asset Category
Target
 
2016
 
2015
Domestic equity
22.2
%
 
22.4
%
 
24.8
%
International equity
11.1
%
 
11.1
%
 
11.3
%
Private equity
6.6
%
 
6.6
%
 
6.2
%
Fixed income
47.5
%
 
47.3
%
 
48.1
%
Real estate
12.6
%
 
12.6
%
 
9.6
%
Total
100.0
%
 
100.0
%
 
100.0
%
Summary of Changes in Fair Value for Level 3 Investments
The following is a summary of changes in the fair value of Level 3 investments for 2016 and 2015:
 
Real Estate
Partnerships
 
Private Equity
Ending balance, February 22, 2014
$
149

 
$
125

Purchases
10

 
36

Sales
(7
)
 
(21
)
Unrealized gains
10

 
4

Realized gains and losses

 

Ending balance, February 28, 2015
162

 
144

Purchases
7

 
25

Sales
(18
)
 
(18
)
Unrealized gains
9

 
(10
)
Realized gains and losses
4

 

Ending balance, February 27, 2016
$
164

 
$
141

Estimated Future Benefit Payments to be Paid from Company's Defined Benefit Pension Plans and Other Postretirement Benefit Plans
The estimated future benefit payments to be made from the Company’s defined benefit pension and other postretirement benefit plans, which reflect expected future service, are as follows:
Fiscal Year
Pension Benefits
 
Other Postretirement
Benefits
2017
$
154

 
$
4

2018
135

 
4

2019
140

 
4

2020
148

 
4

2021
158

 
4

Years 2022-2026
843

 
20

Schedule of Pension Funds Contributions
The following table contains information about the Company’s multiemployer plans:
 
EIN—Pension
Plan Number
 
Plan
Month/Day
End Date
 
Pension Protection Act Zone Status
 
FIP/RP Status
Pending/ Implemented
 
Contributions
 
Surcharges
Imposed(1)
 
Amortization
Provisions
Pension Fund
2016
 
2015
 
2016
 
2015
 
2014
 
Minneapolis Food Distributing Industry Pension Plan
416047047-001
 
12/31
 
Green
 
Green
 
Implemented
 
$
10

 
$
10

 
$
9

 
No
 
Yes
Central States, Southeast and Southwest Areas Pension Fund
366044243-001
 
12/31
 
Red
 
Red
 
Implemented
 
8

 
8

 
8

 
No
 
No
Minneapolis Retail Meat Cutters and Food Handlers Pension Fund
410905139-001
 
2/28
 
Green
 
Yellow
 
Implemented
 
9

 
7

 
8

 
No
 
No
UFCW Unions and Participating Employers Pension Fund
526117495-002
 
12/31
 
Red
 
Red
 
Implemented
 
5

 
4

 
4

 
Yes
 
No
Western Conference of Teamsters Pension Plan
916145047-001
 
12/31
 
Green
 
Green
 
No
 
4

 
4

 
3

 
No
 
No
UFCW Union Local 655 Food Employers Joint Pension Plan
436058365-001
 
12/31
 
Green
 
Green
 
No
 
2

 
2

 
2

 
No
 
No
UFCW Unions and Employers Pension Plan
396069053-001
 
10/31
 
Red
 
Red
 
Implemented
 
2

 
1

 
2

 
Yes
 
No
All Other Multiemployer Pension Plans(2)
 
 
 
 
 
 
 
 
 
 
3

 
3

 
3

 
 
 
 
Total
 
 
 
 
 
 
 
 
 
 
$
43

 
$
39

 
$
39

 
 
 
 
(1)
PPA surcharges are 5 percent or 10 percent of eligible contributions and may not apply to all collective bargaining agreements or total contributions to each plan.
(2)
All Other Multiemployer Pension Plans includes 11 plans, none of which is individually significant when considering the Company's contributions to the plan, severity of the underfunded status or other factors.
Schedule of Collective Bargaining Agreements Dates and Contributions to Each Plan
The following table describes the expiration of the Company’s collective bargaining agreements associated with the significant multiemployer plans in which the Company participates:
 
 
 
Most Significant Collective Bargaining Agreement
 
 
Pension Fund
Range of Collective Bargaining Agreement Expiration Dates
 
Total Collective Bargaining Agreements
 
Expiration Date
 
% of Associates under Collective Bargaining Agreement (1)
 
Over 5% Contribution 2015
Minneapolis Food Distributing Industry Pension Plan
6/1/2015 – 5/31/2018
 
1

 
5/31/2018
 
100.0
%
 
Yes
Central States, Southeast and Southwest Areas Pension Fund
6/1/2011 – 8/31/2017
 
10

 
6/14/2017
 
27.5
%
 
No
Minneapolis Retail Meat Cutters and Food Handlers Pension Fund
3/6/2016 – 3/4/2018
 
1

 
3/4/2018
 
100.0
%
 
Yes
UFCW Unions and Participating Employers Pension Plan
7/13/2014 – 7/8/2017
 
2

 
7/8/2017
 
68.0
%
 
Yes
Western Conference of Teamsters Pension Plan
6/15/2011 – 7/15/2017
 
8

 
7/15/2017
 
44.8
%
 
No
UFCW Union Local 655 Food Employers Joint Pension Plan
5/13/2013 – 5/8/2016
 
1

 
5/8/2016
 
100.0
%
 
Yes
UFCW Unions and Employers Pension Plan
4/6/2014 – 4/2/2016
 
2

 
4/2/2016
 
76.5
%
 
Yes
(1)
Company participating employees in the most significant collective bargaining agreement as a percent of all Company employees participating in the respective fund.