XML 39 R42.htm IDEA: XBRL DOCUMENT v2.4.0.8
PENSION PLANS (Tables)
 12 Months Ended
Dec. 29, 2013
Pension plans
  
Defined Benefit Plan Disclosure [Line Items]  
Summary of reconciliation of benefit obligation and plan assets
The following tables set forth the reconciliation of the benefit obligation, plan assets, and the funded status for all of our defined benefit pension plans:
Change in Benefit Obligation
2013
 
2012
Benefit obligation at beginning of year
$
516,534

 
$
494,943

Interest cost
18,329

 
20,127

Settlements
—

 
(2,126
)
Actuarial (gains) losses
(33,125
)
 
43,155

Benefits paid
(31,471
)
 
(39,565
)
Benefit obligation at end of year
$
470,267

 
$
516,534

 
 
 
 
Change in Plan Assets
 
 
 
Fair value of plan assets at beginning of year
$
261,811

 
$
256,589

Actual return on plan assets
18,302

 
20,146

Employer contributions
26,887

 
27,280

Settlements
—

 
(2,639
)
Benefits paid
(31,471
)
 
(39,565
)
Fair value of plan assets at end of year
$
275,529

 
$
261,811

Funded status at end of year
$
(194,738
)
 
$
(254,723
)
Summary of recognized in balance sheet and accumulated other comprehensive losses before tax
Amounts Recognized in Balance Sheet
 
 
 
Accrued pension liability - current
$
(1,959
)
 
$
(2,058
)
Accrued pension liability - long-term
(192,779
)
 
(252,665
)
Total
$
(194,738
)
 
$
(254,723
)
Amounts Recognized in Accumulated Other Comprehensive Losses Before Tax
 
 

Net actuarial loss
$
18,468

 
$
51,630
Summary of components of net periodic benefit cost
Components of Net Periodic Benefit Cost and Other
Amounts Recognized in Other Comprehensive (Income) Loss
 
 
 
 
 
 
 
 
 
 
 
Net Periodic Benefit Cost
2013
 
2012
 
2011
Interest cost
$
18,329

 
$
20,127

 
$
21,829

Expected return on plan assets
(20,668
)
 
(19,873
)
 
(20,745
)
Settlement loss
—

 
393

 
158

Actuarial loss
2,403

 
40,824

 
59,692

Total net periodic cost
$
64

 
$
41,471

 
$
60,934
Summary of other changes in plan assets and benefit obligations recognized in other comprehensive losses before tax
Other Changes in Plan Assets and Benefit Obligations
Recognized in Other Comprehensive (Income) Loss Before Tax
2013
 
2012
 
2011
Net actuarial (gain) loss
$
(33,161
)
 
$
2,179

 
$
18,254

Total recognized in net periodic benefit cost and other comprehensive (income) loss
$
(33,097
)
 
$
43,650

 
$
79,188
Summary of weighted-average assumptions
Weighted-average Assumptions
Projected benefit obligation
2013
 
2012
 
2011
Discount rate
4.45
%
 
3.65
%
 
4.25
%
 
 
 
 
 
 
Net periodic benefit cost 
 

 
 

 
 

Discount rate
3.65
%
 
4.25
%
 
5.00
%
Expected long-term rate of return on plan assets 
8.00
%
 
8.00
%
 
8.00
%
Summary of expected future benefit payments
The benefits expected to be paid in each of the next five fiscal years, and in the aggregate for the five fiscal years thereafter are as follows:
2014
 
$
30,389

2015
 
32,520

2016
 
32,110

2017
 
33,797

2018
 
33,381

2019-2023
 
182,092
Summary of changes in fair value of plan assets
The fair values of our qualified defined benefit pension plan assets by asset category at December 29, 2013, and December 30, 2012, are shown in the table below.
Summary of changes in plan assets measured at fair value using level 3 inputs
The following table summarizes the changes in plan assets measured at fair value using Level 3 inputs.
 
Commingled
Equity and
Fixed Income
 
Private
Equity
Funds
 
Hedge
Funds
 
Total
Beginning balance at December 30, 2012
$
36,595

 
$
3,876

 
$
57,287

 
$
97,758

Actual return on plan assets
 

 
 

 
 

 
 

Assets still held at December 29, 2013
7,303

 
(1,200
)
 
(3,565
)
 
2,538

Assets sold during the period
574

 
382

 
(588
)
 
368

Purchases, sales, and settlements
(3,324
)
 
11,883

 
6,444

 
15,003

Transfers in and/or out of level 3
—

 
—

 
—

 
—

Ending balance at December 29, 2013
$
41,148

 
$
14,941

 
$
59,578

 
$
115,667
Defined Benefit Postretirement Health Coverage [Member]
  
Defined Benefit Plan Disclosure [Line Items]  
Summary of components of net periodic benefit cost
Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive (Income)Loss
 
 
 
Net Postretirement Benefit Cost
2011
Interest cost
$
161

Amortization of prior service credits
(27,695
)
Amortization of net actuarial losses
4,120

Total net periodic benefit cost
$
(23,414
)
Summary of other changes in plan assets and benefit obligations recognized in other comprehensive losses before tax
Other Changes in Benefit Obligation Recognized in Other Comprehensive (Income) Loss Before Tax
Net actuarial gain
$
(122
)
Prior service credit
(5,074
)
Prior service credit recognized
27,695

Net actuarial loss recognized
(4,120
)
Total recognized in other comprehensive (income) loss
$
18,379

Total recognized in net periodic benefit cost and other comprehensive (income) loss
$
(5,035
)