XML 74 R52.htm IDEA: XBRL DOCUMENT v3.3.1.900
EMPLOYEE BENEFITS (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 27, 2015
Dec. 28, 2014
Dec. 29, 2013
Dec. 27, 2015
Dec. 28, 2014
Changes in the fair value of the plan's Level 3 investment assets          
Fair value of plan assets, end of year $ 1,349,603        
Funded Status          
Fair value of plan assets 1,349,603     $ 1,349,603  
Amounts recognized in the statement of financial position consist of:          
Noncurrent liability       (581,852) $ (574,024)
Pension plan          
Change in Benefit Obligation          
Benefit obligation, beginning of year 2,051,907 $ 1,849,321      
Service cost 11,680 8,030 $ 5,545    
Interest cost 84,994 91,004 84,596    
Actuarial (gain)/loss (101,952) 213,176      
Gross benefits paid (103,062) (101,441)      
Administrative expenses (12,247) (8,183)      
Benefit obligation, end of year 1,931,320 2,051,907 1,849,321    
Changes in the fair value of the plan's Level 3 investment assets          
Fair value of plan assets, beginning of year 1,478,686 1,432,695      
Actual return on plan assets (22,307) 122,133      
Employer contribution 8,533 33,482      
Gross benefits paid (103,062) (101,441)      
Administrative expenses (12,247) (8,183)      
Fair value of plan assets, end of year 1,349,603 1,478,686 1,432,695    
Funded Status          
Fair value of plan assets 1,478,686 1,432,695 1,432,695 1,349,603 1,478,686
Benefit obligations (2,051,907) (1,849,321) (1,849,321) (1,931,320) (2,051,907)
Funded status and amount recognized, end of year       (581,717) (573,221)
Amounts recognized in the statement of financial position consist of:          
Current liability       (8,450) (8,529)
Noncurrent liability       (573,267) (564,692)
Amounts recognized in the statement of financial position       (581,717) (573,221)
Amounts recognized in accumulated other comprehensive income consist of:          
Net actuarial loss/(gain)       705,853 701,408
Amounts recognized in accumulated other comprehensive income       705,853 701,408
Supplemental retirement plans          
Changes in the fair value of the plan's Level 3 investment assets          
Employer contribution 8,500 8,500 8,300    
Post-retirement plans          
Change in Benefit Obligation          
Benefit obligation, beginning of year 10,602 12,586      
Interest cost 368 514      
Plan participants' contributions 35 267      
Actuarial (gain)/loss (87) 467      
Gross benefits paid (1,035) (1,611)      
Plan amendment   (1,621)      
Benefit obligation, end of year 9,883 10,602 12,586    
Changes in the fair value of the plan's Level 3 investment assets          
Employer contribution 1,000 1,344      
Plan participants' contributions 35 267      
Gross benefits paid (1,035) (1,611)      
Funded Status          
Benefit obligations $ (10,602) $ (12,586) $ (12,586) (9,883) (10,602)
Funded status and amount recognized, end of year       (9,883) (10,602)
Amounts recognized in the statement of financial position consist of:          
Current liability       (1,298) (1,270)
Noncurrent liability       (8,585) (9,332)
Amounts recognized in the statement of financial position       (9,883) (10,602)
Amounts recognized in accumulated other comprehensive income consist of:          
Net actuarial loss/(gain)       (8,568) (9,385)
Prior service cost/(credit)       (10,690) (12,768)
Amounts recognized in accumulated other comprehensive income       $ (19,258) $ (22,153)