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Other Postretirement Benefits (Tables) - Other Postretirement Benefit Plans
 12 Months Ended
Dec. 29, 2019
Other Postretirement Benefits  
Schedule of Components of Net Periodic Postretirement Benefit Cost
The components of net periodic postretirement benefit cost/(income) were as follows:
(In thousands)
 
December 29,
2019

 
December 30,
2018

 
December 31,
2017

Service cost
 
$
27

 
$
21

 
$
367

Interest cost
 
1,602

 
1,476

 
1,881

Amortization and other costs
 
3,375

 
4,735

 
3,621

Amortization of prior service credit
 
(4,766
)
 
(6,157
)
 
(7,755
)
Effect of settlement/curtailment(1)
 
—

 
—

 
(32,737
)
Net periodic postretirement benefit cost/(income)
 
$
238

 
$
75

 
$
(34,623
)

(1) In the fourth quarter of 2017, the Company recorded a gain in connection with the settlement of a funding obligation related to a postretirement plan.
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)
The changes in the benefit obligations recognized in other comprehensive loss/(income) were as follows:
(In thousands)
 
December 29,
2019

 
December 30,
2018

 
December 31,
2017

Net actuarial loss/(gain)
 
$
296

 
$
(4,905
)
 
$
(6,625
)
Amortization of loss
 
(3,375
)
 
(4,735
)
 
(3,621
)
Amortization of prior service credit
 
4,766

 
6,157

 
7,755

Effect of curtailment
 
—

 
—

 
6,502

Effect of settlement
 
—

 
—

 
26,235

Total recognized in other comprehensive loss/(income)
 
1,687

 
(3,483
)
 
30,246

Net periodic postretirement benefit cost/(income)
 
238

 
75

 
(34,623
)
Total recognized in net periodic postretirement benefit cost/(income) and other comprehensive loss/(income)
 
$
1,925

 
$
(3,408
)
 
$
(4,377
)
Schedule of Changes in Projected Benefit Obligations and Plan Assets
The changes in the benefit obligation and plan assets and other amounts recognized in other comprehensive loss were as follows:
(In thousands)
 
December 29,
2019

 
December 30,
2018

Change in benefit obligation
 
 
 
 
Benefit obligation at beginning of year
 
$
46,037

 
$
54,642

Service cost
 
27

 
21

Interest cost
 
1,602

 
1,476

Plan participants’ contributions
 
3,835

 
3,974

Actuarial loss/(gain)
 
296

 
(4,905
)
Benefits paid
 
(8,994
)
 
(9,171
)
Benefit obligation at the end of year
 
42,803

 
46,037

Change in plan assets
 
 
 
 
Employer contributions
 
5,159

 
5,197

Plan participants’ contributions
 
3,835

 
3,974

Benefits paid
 
(8,994
)
 
(9,171
)
Fair value of plan assets at end of year
 
—

 
—

Net amount recognized
 
$
(42,803
)
 
$
(46,037
)
Amount recognized in the Consolidated Balance Sheets
 
 
 
 
Current liabilities
 
$
(5,115
)
 
$
(5,645
)
Noncurrent liabilities
 
(37,688
)
 
(40,392
)
Net amount recognized
 
$
(42,803
)
 
$
(46,037
)
Amount recognized in accumulated other comprehensive loss
 
 
 
 
Actuarial loss
 
$
25,793

 
$
28,871

Prior service credit
 
(7,691
)
 
(12,456
)
Total
 
$
18,102

 
$
16,415
Schedule of Assumptions Used Weighted-average assumptions used in the actuarial computations to determine the postretirement benefit obligations were as follows:
 
 
December 29,
2019

 
December 30,
2018

Discount rate
 
2.94
%
 
4.18
%
Estimated increase in compensation level
 
3.50
%
 
3.50
%
Weighted-average assumptions used in the actuarial computations to determine net periodic postretirement cost were as follows:
 
 
December 29,
2019

 
December 30,
2018

 
December 31,
2017

Discount rate for determining projected benefit obligation
 
4.18
%
 
3.46
%
 
3.93
%
Discount rate in effect for determining service cost
 
4.19
%
 
3.56
%
 
4.08
%
Discount rate in effect for determining interest cost
 
3.71
%
 
3.01
%
 
3.21
%
Estimated increase in compensation level
 
3.50
%
 
3.50
%
 
3.50
%
Schedule of Health Care Cost Trend Rates
The assumed health-care cost trend rates were as follows:
 
 
December 29,
2019

 
December 30,
2018

Health-care cost trend rate
 
6.57
%
 
6.90
%
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 rate
 
2025

 
2025
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates A one-percentage point change in assumed health-care cost trend rates would have the following effects:
 
 
One-Percentage Point
(In thousands)
 
Increase

 
Decrease

Effect on total service and interest cost for 2019
 
$
23

 
$
(21
)
Effect on accumulated postretirement benefit obligation as of December 29, 2019
 
$
968

 
$
(861
)
Schedule of Expected Benefit Payments
The following benefit payments (net of plan participant contributions) under our Company’s postretirement plans, which reflect expected future services, are expected to be paid:
(In thousands)
Amount

2020
$
5,226

2021
4,784

2022
4,359

2023
4,001

2024
3,678

2025-2029(1)
14,342


(1) 
While benefit payments under these plans are expected to continue beyond 2029, we have presented in this table only those benefit payments estimated over the next 10 years.