Comprehensive Income and Accumulated Other Comprehensive Loss

9 Months Ended

Nov. 29, 2014

Equity [Abstract]

Comprehensive Income and Accumulated Other Comprehensive Loss

COMPREHENSIVE INCOME AND ACCUMULATED OTHER COMPREHENSIVE LOSS

The Company reports comprehensive income in the Condensed Consolidated Statements of Comprehensive Income. Comprehensive income includes all changes in stockholders’ deficit during the reporting period, other than those resulting from investments by and distributions to stockholders. The Company’s comprehensive income is calculated as net earnings (loss) including noncontrolling interests, plus or minus adjustments for pension and other postretirement benefit obligations, net of tax, less comprehensive income attributable to noncontrolling interests.

Accumulated other comprehensive loss represents the cumulative balance of other comprehensive income (loss), net of tax, as of the end of the reporting period and relates to pension and other postretirement benefit obligation adjustments, net of tax. Changes in Accumulated other comprehensive loss by component is as follows:

	Year-To-Date Ended
	November 29,   2014   (40 weeks)			November 30,   2013   (40 weeks)
Pension and postretirement benefit plan accumulated other comprehensive loss at beginning of the fiscal year, net of tax	$	(307	)	$	(612	)
Other comprehensive loss before reclassifications, net of tax benefit of ($59) and $0, respectively	(141		)	—
Pension settlement charge, net of tax expense of $27 and $0, respectively	36			—
Amortization of amounts included in net periodic benefit cost, net of tax expense of $15 and $28, respectively	25			44
Net current-period Other comprehensive (loss) income, net of tax (benefit) expense of ($17) and $28, respectively	(80		)	44
Divestiture of NAI pension plan accumulated other comprehensive income, net of tax expense of $0 and $31, respectively	—			48
Pension and postretirement benefit plan accumulated other comprehensive loss at the end of period, net of tax	$	(387	)	$	(520	)

Upon completion of the sale of NAI in the first quarter of fiscal 2014, the Company disposed approximately $48 of Accumulated other comprehensive loss, which was a component of Stockholders’ deficit in the Consolidated Balance Sheet as of February 23, 2013, due to NAI’s assumption of a defined benefit pension plan established and operated under NAI.

Items reclassified out of pension and postretirement benefit plan accumulated other comprehensive loss had the following impact on the Condensed Consolidated Statements of Operations:

	Third Quarter Ended						Year-To-Date Ended
	November 29,   2014   (12 weeks)			November 30,   2013   (12 weeks)			November 29,   2014   (40 weeks)			November 30,   2013   (40 weeks)			Affected Line Item on Condensed Consolidated Statement of Operations
Pension and postretirement benefit plan obligations:
Amortization of amounts included in net periodic benefit expense(1)	$	9		$	19		$	31		$	64		Selling and administrative expenses
Amortization of amounts included in net periodic benefit expense(1)	3			2			9			8			Cost of sales
Pension settlement charge	63			—			63			—			Selling and administrative expenses
Total reclassifications	75			21			103			72
Income tax benefit	(32		)	(9		)	(42		)	(28		)	Income tax provision (benefit)
Total reclassifications, net of tax	$	43		$	12		$	61		$	44

(1) Amortization of amounts included in net periodic benefit cost include amortization of prior service benefit and amortization of net actuarial loss as reflected in Note 9—Benefit Plans.