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Company-Sponsored Employee Benefit Plans (Company-Sponsored Employee Benefit Plans [Member])
 3 Months Ended
Sep. 28, 2013
Company-Sponsored Employee Benefit Plans [Member]
  
Employee Benefit Plans

 

6.  COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS 

 

The components of net company-sponsored benefit cost for the 13-week periods presented are as follows.  The caption “Pension Benefits” in the table below includes both the company-sponsored qualified pension plan and the Supplemental Executive Retirement Plan. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

 

Other Postretirement Plans

 

Sep. 28, 2013

 

Sep. 29, 2012

 

Sep. 28, 2013

 

Sep. 29, 2012

 

(In thousands)

Service cost

$
2,414 

 

$
17,780 

 

$
136 

 

$
135 

Interest cost

 
40,109 

 

 
37,700 

 

 
187 

 

 
154 

Expected return on plan assets

 
(48,199)

 

 
(42,801)

 

 

 -

 

 

 -

Amortization of prior service cost

 
2,786 

 

 
1,461 

 

 
42 

 

 
42 

Recognized net actuarial loss (gain)

 
4,082 

 

 
19,022 

 

 
(36)

 

 
(51)

Amortization of transition obligation

 

 -

 

 

 -

 

 

 -

 

 
35 

Net periodic benefit cost

$
1,192 

 

$
33,162 

 

$
329 

 

$
315 

 

 

Sysco’s contributions to its company-sponsored defined benefit plans were $5.8 million and $5.6 million during the first quarter of fiscal 2014 and 2013, respectively.