BENEFIT PLANS (Tables)

12 Months Ended

Feb. 24, 2018

Retirement Benefits [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 our defined benefit pension plans and other postretirement benefit plans consisted of the following:

	Pension Benefits						Other Postretirement Benefits
	2018			2017			2018			2017
Changes in Benefit Obligation
Benefit obligation at beginning of year	$	2,480		$	2,664		$	44		$	54
Acquired benefit plan obligations	268			—			28			—
Plan amendment	(21		)	—			(1		)	(7		)
Service cost	—			—			—			1
Interest cost	83			84			2			2
Actuarial loss (gain)	2			37			(3		)	(3		)
Settlements paid	—			(200		)	—			—
Plan termination	—			—			(11		)	—
Benefits paid	(140		)	(105		)	(3		)	(3		)
Benefit obligation at end of year	2,672			2,480			56			44
Changes in Plan Assets
Fair value of plan assets at beginning of year	2,183			2,119			16			15
Acquired benefit plan assets	193			—			—			—
Actual return on plan assets	206			307			—			—
Employer contributions	2			62			—			4
Plan participants’ contributions	—			—			1			2
Settlements paid	—			(200		)	—			—
Benefits paid	(140		)	(105		)	(4		)	(5		)
Fair value of plan assets at end of year	2,444			2,183			13			16
Unfunded status at end of year	$	(228	)	$	(297	)	$	(43	)	$	(28	)

Amounts Recognized in Consolidated Balance Sheets

t.

Amounts recognized in the Consolidated Balance Sheets consisted of the followin

Amounts recognized in the Consolidated Balance Sheets consist of the following:

	Pension Benefits						Other Postretirement Benefits
	2018			2017			2018			2017
Accrued vacation, compensation and benefits	$	(2	)	$	(2	)	$	(4	)	$	(1	)
Pension and other postretirement benefit obligations	(226		)	(295		)	(39		)	(27		)
Total	$	(228	)	$	(297	)	$	(43	)	$	(28	)

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
	2018			2017			2018			2017
Prior service benefit	$	21		$	—		$	21		$	42
Net actuarial loss	(401		)	(478		)	(8		)	(13		)
Total recognized in Accumulated other comprehensive loss	$	(380	)	$	(478	)	$	13		$	29
Total recognized in Accumulated other comprehensive loss, net of tax	$	(216	)	$	(293	)	$	6		$	17

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 (income) cost 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
	2018			2017			2016			2018			2017			2016
Net Periodic Benefit (Income) Cost
Service cost	$	—		$	—		$	—		$	—		$	1		$	—
Interest cost	83			84			106			2			2			3
Expected return on plan assets	(138		)	(141		)	(142		)	—			—			—
Amortization of prior service benefit	—			—			—			(16		)	(15		)	(15		)
Amortization of net actuarial loss	12			43			79			2			2			3
Plan termination	—			—			—			(8		)	—			—
Settlement	—			42			—			—			—			—
Net periodic benefit (income) cost	(43		)	28			43			(20		)	(10		)	(9		)
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss)
Prior service benefit	(22		)	—			—			5			(7		)	(21		)
Amortization of prior service benefit	—			—			—			16			15			15
Net actuarial (gain) loss	(66		)	(172		)	76			(3		)	(3		)	(7		)
Amortization of net actuarial loss	(11		)	(43		)	(79		)	(1		)	(2		)	(3		)
Total expense (benefit) recognized in Other comprehensive income (loss)	(99		)	(215		)	(3		)	17			3			(16		)
Total expense (benefit) recognized in net periodic benefit cost (income) and Other comprehensive income (loss)	$	(142	)	$	(187	)	$	40		$	(3	)	$	(7	)	$	(25	)

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:

	2018		2017		2016
Benefit obligation assumptions:
Discount rate	4.04 – 3.37%		3.92 – 3.78%		4.16 – 3.95%
Rate of compensation increase	—	%	—	%	—	%
Net periodic benefit cost assumptions:(1)
Discount rate	3.92 – 2.75%		4.16	%	3.80	%
Rate of compensation increase	—	%	—	%	—	%
Expected return on plan assets(2)	6.25– 6.00%		6.50	%	6.50	%

(1) For fiscal 2018 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 Supervalu. These assumptions are weighted by the actual or target allocation to each underlying asset class represented in the pension plan asset portfolio. We also assess 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 asset allocation targets and the actual allocation of pension plan assets are as follows:

Asset Category	Target		2018		2017
Domestic equity	21.6	%	26.3	%	22.0	%
International equity	6.5	%	4.4	%	9.5	%
Private equity	4.9	%	4.7	%	5.9	%
Fixed income	62.3	%	57.3	%	54.1	%
Real estate	4.7	%	7.3	%	8.5	%
Total	100.0	%	100.0	%	100.0	%

The fair value of assets of our defined benefit pension plans held in a master trust as of February 24, 2018, by asset category, consisted of the following:

	Level 1		Level 2		Level 3		Measured at NAV		Total
Common stock	$	188	$	—	$	—	$	—	$	188
Common collective trusts	—		728		—		75		803
Corporate bonds	—		418		—		—		418
Government securities	68		168		—		—		236
Mutual funds	46		440		—		—		486
Mortgage-backed securities	—				—		—		—
Other	10		21		—		—		31
Private equity and real estate partnerships	—		—		—		282		282
Total plan assets at fair value	$	312	$	1,775	$	—	$	357	$	2,444

The fair value of assets of our defined benefit pension plans held in a master trust as of February 25, 2017, by asset category, consisted of the following:

	Level 1		Level 2		Level 3		Measured at NAV		Total
Common stock	$	366	$	—	$	—	$	—	$	366
Common collective trusts	—		735		—		102		837
Corporate bonds	—		248		—		—		248
Government securities	27		133		—		—		160
Mutual funds	54		205		—		—		259
Mortgage-backed securities	—		18		—		—		18
Other	4		5		—		—		9
Private equity and real estate partnerships	—		—		—		286		286
Total plan assets at fair value	$	451	$	1,344	$	—	$	388	$	2,183

Estimated Future Benefit Payments to be Paid from Company's Defined Benefit Pension Plans and Other Postretirement Benefit Plans

nts

The estimated future benefit payments to be made from our defined benefit pension and other postretirement benefit plans, which reflect expected future service, are as follo

Schedule of Pension Funds Contributions

2017.

The following table contains information about our 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			2018	2017		2018		2017		2016
Minneapolis Food Distributing Industry Pension Plan	416047047-001	12/31	Green	Green	Implemented	$	10	$	10	$	10	No	No
Minneapolis Retail Meat Cutters and Food Handlers Pension Fund	410905139-001	2/28	Yellow	Green	Implemented	9		9		9		No	No
Central States, Southeast and Southwest Areas Pension Fund	366044243-001	12/31	Deep Red	Deep Red	Implemented	5		4		4		No	Yes
UFCW Unions and Participating Employers Pension Fund	526117495-002	12/31	Red	Red	Implemented	6		6		5		No	Yes
Western Conference of Teamsters Pension Plan	916145047-001	12/31	Green	Green	No	11		4		4		No	No
UFCW Unions and Employers Pension Plan	396069053-001	10/31	Red	Red	Implemented	2		2		2		No	Yes
All Other Multiemployer Pension Plans(2)						1		1		2
Total						$	44	$	36	$	36

(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 7 plans, none of which is individually significant when considering our contributions to the plan, severity of the underfunded status or other fact

Schedule of Collective Bargaining Agreements Dates and Contributions to Each Plan

rs.

The following table describes the expiration of our collective bargaining agreements associated with the significant multiemployer plans in which we participate:

			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 2018
Minneapolis Food Distributing Industry Pension Plan	5/31/2018	1	5/31/2018	100.0	%	Yes
Minneapolis Retail Meat Cutters and Food Handlers Pension Fund	3/3/2018	1	3/3/2018	100.0	%	Yes
Central States, Southeast and Southwest Areas Pension Fund	3/30/2019 - 9/20/2019	4	9/14/2019	40.1	%	No
UFCW Unions and Participating Employers Pension Plan	7/11/2020	2	7/11/2020	73.0	%	Yes
Western Conference of Teamsters Pension Plan	4/21/2018 – 9/26/2020	22	4/20/2019	15.8	%	No
UFCW Unions and Employers Pension Plan	4/6/2019	1	4/6/2019	100.0	%	Yes

(1) Company participating employees in the most significant collective bargaining agreement as a percent of all Company employees participating in the respective f