COMPREHENSIVE INCOME (LOSS) AND ACCUMULATED COMPREHENSIVE LOSS

12 Months Ended

Feb. 25, 2017

Equity [Abstract]

COMPREHENSIVE (LOSS) INCOME AND ACCUMULATED COMPREHENSIVE LOSS

Supervalu reports comprehensive income (loss) in the Consolidated Statements of Comprehensive Income. Comprehensive income includes all changes in stockholders’ equity (deficit) during the reporting period, other than those resulting from investments by and distributions to stockholders. Supervalu’s comprehensive income (loss) is calculated as net earnings (loss) including noncontrolling interests, plus or minus adjustments for pension and other postretirement benefit obligations and interest rate swaps, net of tax, less comprehensive income attributable to noncontrolling interests.

Accumulated other comprehensive loss represents the cumulative balance of other comprehensive income (loss), net of tax, as of the end of the reporting period and relates to pension and other postretirement benefit obligation adjustments, net of tax, and interest rate swaps designated as hedges, net of tax. Changes in Accumulated other comprehensive loss by component are as follows:

	Benefit Plans		Interest Rate Swap		Total
February 22, 2014 accumulated other comprehensive loss	(307	)	—		(307	)
Other comprehensive loss before reclassifications	(188	)	—		(188	)
Pension settlement charge(2)	39		—		39
Amortization of amounts included in net periodic benefit cost(1)	33		—		33
Net Other comprehensive loss	(116	)	—		(116	)
February 28, 2015 accumulated other comprehensive loss	(423	)	—		(423	)
Other comprehensive loss before reclassifications	(37	)	(4	)	(41	)
Amortization of amounts included in net periodic benefit cost(1)	42		—		42
Net Other comprehensive income (loss)	5		(4	)	1
February 27, 2016 accumulated other comprehensive loss	(418	)	(4	)	(422	)
Other comprehensive income before reclassifications	97		—		97
Amortization of amounts included in net periodic benefit cost(1)	19		—		19
Amortization of cash flow hedge	—		2		2
Pension settlement charges(2)	26		—		26
Net Other comprehensive income	142		2		144
February 25, 2017 accumulated other comprehensive loss	(276	)	(2	)	(278	)

(1) Amortization of amounts included in net periodic benefit cost includes amortization of prior service benefit and amortization of net actuarial loss as reflected in Note 10—Benefit Plans.

(2) Refer to Note 10—Benefit Plans for additional information on Supervalu’s fiscal 2017 and 2015 pension settlement charges.

Items reclassified out of Accumulated other comprehensive loss had the following impact on the Consolidated Statements of Operations:

	2017			2016			2015			Affected Line Item on Consolidated Statements of Operations
Pension and postretirement benefit plan obligations:
Amortization of amounts included in net periodic benefit expense(1)	$	28		$	59		$	43		Selling and administrative expenses
Amortization of amounts included in net periodic benefit expense(1)	2			8			11			Cost of sales
Pension settlement charges	42			—			64			Selling and administrative expenses
Total reclassifications	72			67			118
Income tax benefit	(27		)	(25		)	(46		)	Income tax (benefit) provision
Total reclassifications, net of tax	$	45		$	42		$	72
Interest rate swap cash flow hedge:
Reclassification of cash flow hedge	$	3		$	—		$	—		Interest expense, net
Income tax benefit	(1		)	—			—			Income tax (benefit) provision
Total reclassifications, net of tax	$	2		$	—		$	—

(1) Amortization of amounts included in net periodic benefit cost include amortization of prior service benefit and amortization of net actuarial loss as reflected in Note 10—Benefit Plans.

No amounts were reclassified out of Accumulated other comprehensive loss related to the interest rate swap designated as a cash flow hedge. As of February 25, 2017, Supervalu expects to reclassify $3 out of Accumulated other comprehensive loss into Interest expense, net during the following twelve-month period.