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Pension, Postretirement and Postemployment Benefits (Tables)
 12 Months Ended
Dec. 29, 2019
Retirement Benefits [Abstract]  
Summary of Changes in Projected Benefit Obligation, Plan Assets and Funded Status
 
Pension
 
Postretirement
 
2019
 
2018
 
2019
 
2018
Change in Projected Benefit Obligation
 
 
 
 
 
 
 
Projected benefit obligation — beginning
$
395,718

 
393,367

 
30,081

 
32,153

Service cost
1,168

 
1,300

 
888

 
756

Interest cost
6,624

 
13,358

 
1,267

 
1,171

Amendment
—

 
(78
)
 
—

 
—

Actuarial (gain) loss
(8,092
)
 
13,010

 
6,350

 
(2,339
)
Benefits paid
(13,271
)
 
(22,718
)
 
(1,641
)
 
(1,660
)
Expenses paid
(3,172
)
 
(2,521
)
 
—

 
—

Curtailment
—

 
—

 
(9,502
)
 
—

Settlements paid
(348,004
)
 
—

 
—

 
—

Projected benefit obligation — ending
$
30,971

 
395,718

 
27,443

 
30,081

Accumulated benefit obligation — ending
$
30,971

 
395,718

 
27,443

 
30,081

Change in Plan Assets
 
 
 
 
 
 
 
Fair value of plan assets — beginning
$
357,224

 
$
382,989

 
—

 
—

Actual return on plan assets
23,147

 
(3,328
)
 
—

 
—

Employer contribution
4,311

 
2,802

 
—

 
—

Benefits paid
(13,271
)
 
(22,718
)
 
—

 
—

Expenses paid
(3,172
)
 
(2,521
)
 
—

 
—

Settlements paid
(348,004
)
 
—

 
—

 
—

Transfers
(20,235
)
 
—

 
—

 
—

Fair value of plan assets — ending
$
—

 
357,224

 
—

 
—

Reconciliation of Funded Status
 
 
 
 
 
 
 
Projected benefit obligation
$
(30,971
)
 
(395,718
)
 
(27,443
)
 
(30,081
)
Fair value of plan assets
—

 
357,224

 
—

 
—

Funded status
(30,971
)
 
(38,494
)
 
(27,443
)
 
(30,081
)
Unrecognized net loss
13,054

 
155,829

 
177

 
3,350

Net amount
$
(17,917
)
 
117,335

 
(27,266
)
 
(26,731
)
Accrued liabilities
$
(2,484
)
 
(8,946
)
 
(1,767
)
 
(1,607
)
Other liabilities
(28,487
)
 
(29,548
)
 
(25,676
)
 
(28,474
)
Accumulated other comprehensive (earnings) loss
13,054

 
155,829

 
177

 
3,350

Net amount
$
(17,917
)
 
117,335

 
(27,266
)
 
(26,731
)
Assumptions used to determine year-end pension and postretirement benefit obligations
Assumptions used to determine the year-end pension and postretirement benefit obligations are as follows:
 
2019
 
2018
Pension
 
 
 
Weighted average discount rate
3.30
%
 
3.72
%
Mortality table
Pri-2012/Scale
MP - 2019

 
RP-2014/Scale
BB

Postretirement
 
 
 
Discount rate
3.46
%
 
4.33
%
Health care cost trend rate assumed for next year
6.25
%
 
6.50
%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate)
5.00
%
 
5.00
%
Year that the rate reaches the ultimate trend
2024

 
2024
Fair Values of Plan Assets by Asset Class and Fair Value Hierarchy Level
The fair values of the plan assets by asset class and fair value hierarchy level (excluding assets for which the fair value is measured using net asset value per share) as of December 30, 2018 are as follows:
 
 
 
Fair value measurements using:
 
Fair Value
 
Quoted Prices
in Active
Markets For
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs (Level 2)
 
Significant
Unobservable
Inputs (Level 3)
2018
 
 
 
 
 
 
 
Equity:
 
 
 
 
 
 
 
Other measured at net asset value(a)
$
300

 
—

 
—

 
—

Fixed Income measured at net asset value(a)
251,300

 
251,300

 
—

 
—

Cash Equivalents measured as net asset
value(a)
105,600

 
—

 
—

 
—

 
$
357,200

 
251,300

 
—

 
—

(a)
Certain investments that are measured at fair value using the net asset value per share are not classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Changes in Plan Assets disclosed previously in this note.
Components of Net Periodic Benefit Cost
The following is a detail of the components of the net periodic benefit cost for the three years ended December 29, 2019.
 
2019
 
2018
 
2017
Components of Net Periodic Cost
 
 
 
 
 
Pension
 
 
 
 
 
Service cost
$
1,168

 
1,300

 
1,290

Interest cost
6,624

 
13,358

 
15,303

Expected return on assets
(6,163
)
 
(18,475
)
 
(19,534
)
Amortization of prior service cost
(11
)
 
—

 
—

Amortization of actuarial loss
7,578

 
10,995

 
9,082

Curtailment/Settlement losses
110,962

 
—

 
—

Net periodic benefit cost
$
120,158

 
7,178

 
6,141

Postretirement
 
 
 
 
 
Service cost
$
888

 
756

 
691

Interest cost
1,267

 
1,171

 
1,179

Amortization of actuarial loss
21

 
165

 
—

Net periodic benefit cost (income)
$
2,176

 
2,092

 
1,870
Assumptions Used to Determine Net Periodic Benefit Cost of Pension Plan and Postretirement Plan
Assumptions used to determine net periodic benefit cost of the pension plan and postretirement plan for each fiscal year follow:
 
2019
 
2018
 
2017
Pension
 
 
 
 
 
Weighted average discount rate
3.72
%
 
3.71
%
 
4.22
%
Long-term rate of return on plan assets
4.20
%
 
4.75
%
 
6.25
%
Postretirement
 
 
 
 
 
Discount rate
4.33
%
 
3.74
%
 
4.26
%
Health care cost trend rate assumed for next year
6.25
%
 
6.50
%
 
7.00
%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate)
5.00
%
 
5.00
%
 
5.00
%
Year that the rate reaches the ultimate trend rate
2024

 
2024

 
2021
Schedule of Expected Benefit Payments
Expected benefit payments under the defined benefit pension plans (which reflects the 2019 Plan termination) and the postretirement benefit plan for the next five years subsequent to 2019 and in the aggregate for the following five years are as follows:
 
Pension
 
Postretirement
2020
$
2,488

 
1,797

2021
2,453

 
1,743

2022
2,379

 
1,694

2023
2,405

 
1,644

2024
2,534

 
1,600

2025-2029
11,072

 
7,352