Pension And Post-Retirement Plans

6 Months Ended

Jun. 18, 2011

Pension And Post-Retirement Plans

Pension And Post-Retirement Plans

NOTE I–PENSION AND POST-RETIREMENT PLANS

The following tables provide the components of net pension and post-retirement expense (in millions):

	12 Weeks Ended
	June 18, 2011					June 19, 2010
	Pension			Other Post- Retirement Benefits		Pension			Other Post- Retirement Benefits
Estimated return on assets	$	(32.2	)	$	—	$	(29.5	)	$	—
Service cost		9.2			0.6		8.3			0.6
Interest cost		28.3			1.6		29.5			1.6
Amortization of prior service cost		3.6			0.1		4.0			—
Amortization of unrecognized losses		14.2			0.3		12.8			0.5
Total	$	23.1		$	2.6	$	25.1		$	2.7
	24 Weeks Ended
	June 18, 2011					June 19, 2010
	Pension			Other Post- Retirement Benefits		Pension			Other Post- Retirement Benefits
Estimated return on assets	$	(64.4	)	$	—	$	(57.8	)	$	—
Service cost		18.3			1.3		16.6			1.1
Interest cost		56.6			3.3		58.4			3.3
Amortization of prior service cost		7.3			—		8.0			—
Amortization of unrecognized losses		28.4			0.6		27.0			1.1
Total	$	46.2		$	5.2	$	52.2		$	5.5

The Company made $160.5 million of contributions to its defined benefit pension plans and post-retirement benefit plans in the first 24 weeks of 2011. For the remainder of 2011, Safeway currently anticipates contributing an additional $12 million to these plans.