Retirement Benefits

6 Months Ended

Aug. 26, 2011

Retirement Benefits [Abstract]

Retirement Benefits

Note 14 — Retirement Benefits

The components of periodic benefit cost for the Corporation’s defined benefit pension and postretirement benefit plans are as follows:

	Defined Benefit Pension
	Three Months Ended						Six Months Ended
	August 26,			August 27,			August 26,			August 27,
(In thousands)	2011			2010			2011			2010
Service cost	$	211		$	250		$	415		$	501
Interest cost		2,145			2,206			4,291			4,418
Expected return on plan assets		(1,671	)		(1,654	)		(3,343	)		(3,314	)
Amortization of prior service cost		64			44			123			88
Amortization of actuarial loss		558			524			1,127			1,050
	$	1,307		$	1,370		$	2,613		$	2,743

	Postretirement Benefit
	Three Months Ended						Six Months Ended
	August 26,			August 27,			August 26,			August 27,
(In thousands)	2011			2010			2011			2010
Service cost	$	362		$	575		$	725		$	1,150
Interest cost		1,210			1,550			2,420			3,100
Expected return on plan assets		(1,097	)		(1,125	)		(2,195	)		(2,250	)
Amortization of prior service credit		(637	)		(1,850	)		(1,275	)		(3,700	)
Amortization of actuarial loss		—			250			—			500
	$	(162	)	$	(600	)	$	(325	)	$	(1,200	)

The Corporation has a discretionary profit-sharing plan with a 401(k) provision covering most of its United States employees. The profit-sharing plan expense for the six months ended August 26, 2011 was $5.2 million, compared to $4.5 million in the prior year period. The Corporation also matches a portion of 401(k) employee contributions. The expenses recognized for the three and six month periods ended August 26, 2011 were $1.2 million and $2.6 million ($1.0 million and $2.1 million for the three and six month periods ended August 27, 2010), respectively. The profit-sharing plan and 401(k) matching expenses for the six month periods are estimates as actual contributions are determined after fiscal year-end.

At August 26, 2011, February 28, 2011 and August 27, 2010, the liability for postretirement benefits other than pensions was $27.9 million, $24.1 million and $49.2 million, respectively, and is included in “Other liabilities” on the Consolidated Statement of Financial Position. At August 26, 2011, February 28, 2011 and August 27, 2010, the long-term liability for pension benefits was $60.0 million, $60.1 million and $58.9 million, respectively, and is included in “Other liabilities” on the Consolidated Statement of Financial Position.