Pension, Postretirement and Postemployment Benefits (Tables)

12 Months Ended

Dec. 25, 2016

	Pension				Postretirement

	2016		2015		2016		2015
Change in Projected Benefit Obligation
Projected benefit obligation – beginning	$	361,060		383,068		26,247		28,017
Service cost		2,100		1,918		532		567
Interest cost		16,106		15,683		1,175		1,154
Actuarial (gain) loss		17,353		(17,968)		2,380		(741)
Curtailment		—		660		—		(746)
Benefits paid		(22,508)		(20,202)		(1,850)		(2,004)
Expenses paid		(1,287)		(2,099)		—		—
Projected benefit obligation – ending	$	372,824		361,060		28,484		26,247
Accumulated benefit obligation – ending	$	372,824		361,060		28,484		26,247

Change in Plan Assets
Fair value of plan assets – beginning	$	259,329		272,010		—		—
Actual return on plan assets		8,961		(3,414)		—		—
Employer contribution		64,885		13,034		—		—
Benefits paid		(22,508)		(20,202)		—		—
Expenses paid		(1,287)		(2,099)		—		—
Fair value of plan assets – ending	$	309,380		259,329		—		—

Reconciliation of Funded Status
Projected benefit obligation	$	(372,824)		(361,060)		(28,484)		(26,247)
Fair value of plan assets		309,380		259,329		—		—
Funded status		(63,444)		(101,731)		(28,484)		(26,247)
Unrecognized net loss		138,529		120,482		2,420		41
Net amount recognized	$	75,085		18,751		(26,064)		(26,206)

Accrued liabilities	$	(2,553)		(2,663)		(1,599)		(1,800)
Other liabilities		(60,891)		(99,068)		(26,885)		(24,447)
Accumulated other comprehensive earnings (loss)		138,529		120,482		2,420		41
Net amount recognized	$	75,085		18,751		(26,064)		(26,206)


Assumptions used to determine the year-end pension and postretirement benefit obligations are as follows:

	2016	2015
Pension
Weighted average discount rate	4.22%	4.58%

Mortality table	RP-2014/Scale BB	RP-2014/Scale BB

Postretirement
Discount rate	4.26%	4.64%
Health care cost trend rate assumed for next year	7.00%	7.00%
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	2021	2021

					Fair value measurements using:

					Quoted
					Prices in
					Active
					Markets For		Significant
					Identical		Other		Significant
					Identical		Observable		Unobservable
			Fair		Assets		Inputs		Inputs
			Value		(Level 1)		(Level 2)		(Level 3)
2016
	Equity:
		Large Cap	$	29,100		29,100		—		—
		Small Cap		29,200		29,200		—		—
		International measured at net asset value (a)		40,100		—		—		—
		Other measured at net asset value (a)		1,300		—		—		—
Fixed Income measured at net asset value (a)				119,500		—		—		—
Total Return Fund measured at net asset value (a)				29,000		—		—		—
Cash Equivalents measured as net asset value (a)				61,100		—		—		—
			$	309,300		58,300		—		—

2015
	Equity:
		Large Cap	$	27,600		27,600		—		—
		Small Cap		24,300		24,300		—		—
		International measured at net asset value (a)		37,500		—		—		—
		Other measured at net asset value (a)		2,500		—		—		—
Fixed Income measured at net asset value (a)				122,600		—		—		—
Total Return Fund measured at net asset value (a)				27,700		—		—		—
Cash Equivalents measured as net asset value (a)				17,100		—		—		—
			$	259,300		51,900		—		—

	(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.

The following is a detail of the components of the net periodic benefit cost for the three years ended December 25, 2016.

	2016		2015		2014
Components of Net Periodic Cost

Pension
Service cost	$	2,100		1,918		1,824
Interest cost		16,106		15,683		16,209
Expected return on assets		(17,013)		(18,538)		(18,631)
Amortization of prior service cost		—		65		98
Amortization of actuarial loss		7,361		7,468		3,351
Curtailment/settlement losses		—		781		—
Net periodic benefit cost	$	8,554		7,377		2,851

Postretirement
Service cost	$	532		567		543
Interest cost		1,175		1,154		1,337
Amortization of actuarial (gain) loss		—		(304)		(457)
Curtailment gain		—		(3,842)		—
Net periodic benefit cost (income)	$	1,707		(2,425)		1,423

See note 17 for additional information on the 2015 curtailment (gain) loss.

	2016	2015	2014
Pension
Weighted average discount rate	4.58%	4.22%	5.02%
Long-term rate of return on plan assets	6.75%	7.00%	7.00%

Postretirement
Discount rate	4.64%	4.49%	5.11%
Health care cost trend rate assumed for next year	7.00%	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	2021	2020	2020