SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Feb. 22, 2014

Effect of Revision of Fees Received Under Transitional Services Agreements

The following table represents the effect of the reclassification of fees earned under transition services agreements on the Company’s Consolidated Statements of Operations for the comparative periods being presented in the Consolidated Statements of Operations.


	Year Ended February 23, 2013														Year Ended February 25, 2012
	As Originally Reported			% of Net sales			Revision		As Revised			% of Net sales			As Originally Reported		% of Net sales			Revision		As Revised		% of Net sales
Net sales	$	17,097			100.0	%	$	42	$	17,139			100.0	%	$	17,336		100.0	%	$	47	$	17,383		100.0	%
Cost of sales		14,803			86.6	%		—		14,803			86.4	%		14,926		86.1	%		—		14,926		85.9	%

Gross profit		2,294			13.4	%		42		2,336			13.6	%		2,410		13.9	%		47		2,457		14.1	%
Selling and administrative expenses		2,445			14.3	%		42		2,487			14.5	%		2,222		12.8	%		47		2,269		13.1	%
Goodwill and intangible asset impairment charges		6			—			—		6			—			92		0.5	%		—		92		0.5	%

Operating (loss) earnings	$	(157	)		(0.9	)%	$	—	$	(157	)		(0.9	)%	$	96		0.6	%	$	—	$	96		0.6	%

Effect of Segment Revision of Administrative Costs

The following table represents the effect of the segment revision of certain administrative costs in the Company’s Consolidated Segment Financial for the Quarterly Report on Form 10-Q for the period ended June 15, 2013.


	First Quarter Ended June 15, 2013									Year-to-Date Ended September 7, 2013									Year-to-Date Ended November 30, 2013
	As Originally Reported			Revision			As Revised			As Originally Reported			Revision			As Revised			As Originally Reported			Revision			As Revised
Operating earnings
Independent Business	$	55		$	—		$	55		$	128		$	—		$	128		$	181		$	—		$	181
% of Independent Business sales		2.3	%		—	%		2.3	%		3.0	%		—	%		3.0	%		2.9	%		—	%		2.9	%
Save-A-Lot		52			—			52			84			—			84			124			—			124
% of Save-A-Lot sales		4.1	%		—	%		4.1	%		3.7	%		—	%		3.7	%		3.8	%		—	%		3.8	%
Retail Food		25			(20	)		5			32			(20	)		12			56			(20	)		36
% of Retail Food sales		1.7	%		(1.4	)%		0.3	%		1.3	%		(0.8	)%		0.5	%		1.6	%		(0.6	)%		1.0	%
Corporate		(50	)		20			(30	)		(50	)		20			(30	)		(62	)		20			(42	)

Total operating earnings	$	82		$	—		$	82		$	194		$	—		$	194		$	299		$	—		$	299

% of total net sales		1.6	%		—	%		1.6	%		2.1	%		—	%		2.1	%		2.3	%		—	%		2.3	%

Changes in the Company's Self-Insurance Liabilities

Changes in the Company’s insurance liabilities consisted of the following:


	2014			2013			2012
Beginning balance	$	97		$	93		$	96
Expense		39			31			22
Claim payments		(33	)		(27	)		(25	)

Ending balance		103			97			93
Less current portion		(33	)		(27	)		(26	)

Long-term portion	$	70		$	70		$	67

Schedule of Changes in Accumulated Other Comprehensive Loss

Changes in Accumulated other comprehensive loss by component follows below:


	2014			2013			2012
Pension and postretirement benefit plan accumulated other comprehensive loss at beginning of the fiscal year, net of tax	$	(612)		$	(657)		$	(446)
Other comprehensive income (loss) before reclassifications, net of tax (expense) benefit of $(85), $18 and $161, respectively		202			(20	)		(262	)
Amortization of amounts included in net periodic benefit cost, net of tax (expense) of $(38), $(40) and $(32), respectively		55			65			51

Net current-period Other comprehensive income (loss), net of tax (expense) benefit of $(123), $(22) and $129, respectively		257			45			(211	)
Divestiture of NAI pension plan accumulated other comprehensive loss, net of tax (expense) of $(31)		48			—			—

Pension and postretirement benefit plan accumulated other comprehensive loss at the end of period, net of tax	$	(307	)	$	(612	)	$	(657	)