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SWY » Topics » NOTE F - PENSION PLAN

This excerpt taken from the SWY 10-Q filed May 3, 2006.

NOTE F - PENSION PLAN

The following table provides the components of net pension expense for retirement plans for the first 12 weeks of 2006 and 2005 (in millions):

 

    

12 Weeks Ended

March 25, 2006

    

12 Weeks Ended

March 26, 2005

  

Estimated return on assets

    $ (37.8 )   $ (35.6 )

Service cost

      23.0       25.2  

Interest cost

      25.1       25.9  

Amortization of prior service cost

      5.3       3.9  

Amortization of unrecognized losses

      1.4       7.4  
                

Net pension expense

    $ 17.0     $ 26.8  
                

The Company made approximately $7.9 million of contributions to its defined benefit pension plan trusts in the first quarter of 2006. For the remainder of 2006, Safeway currently anticipates contributing an additional $17.6 million to these trusts.

This excerpt taken from the SWY 10-Q filed Oct 20, 2005.

NOTE G – PENSION PLAN

 

The following table provides the components of net pension expense for retirement plans for the 12 and 36 weeks ended September 10, 2005 and September 11, 2004 (in millions):

 

     12 weeks ended,
Sept. 10, 2005
     12 weeks ended,
Sept. 11, 2004
     36 weeks ended,
Sept. 10, 2005
     36 weeks ended,
Sept. 11, 2004
  

Estimated return on assets

    $ 35.7     $ 33.6     $ 106.9     $ 100.8  

Service cost

      (25.3 )     (25.0 )     (75.7 )     (74.8 )

Interest cost

      (25.9 )     (22.9 )     (77.7 )     (68.7 )

Amortization of prior service cost

      (3.9 )     (3.8 )     (11.6 )     (11.5 )

Amortization of unrecognized losses

      (7.4 )     (7.8 )     (22.2 )     (23.4 )
    
 
 
 

Net pension expense

    $ (26.8 )   $ (25.9 )   $ (80.3 )   $ (77.6 )
    
 
 
 

 

The Company made approximately $12.2 million of contributions to its defined benefit pension plan trusts, including the Retirement Restoration Plan, in the first 36 weeks of 2005. For the remainder of 2005, Safeway currently anticipates contributing an additional $5.5 million to these trusts.

 

This excerpt taken from the SWY 10-Q filed Jul 28, 2005.

NOTE F - PENSION PLAN

 

The following table provides the components of net pension expense for retirement plans for the first 12 and 24 weeks of 2005 and 2004 (in millions):

 

     12 weeks ended,
June 18, 2005
     12 weeks ended,
June 19, 2004
     24 weeks ended,
June 18, 2005
     24 weeks ended,
June 19, 2004
  

Estimated return on assets

    $ 35.6     $ 33.5     $ 71.2     $ 67.2  

Service cost

      (25.2 )     (24.9 )     (50.4 )     (49.8 )

Interest cost

      (25.8 )     (22.8 )     (51.8 )     (45.8 )

Amortization of prior service cost

      (3.9 )     (3.8 )     (7.7 )     (7.7 )

Amortization of unrecognized losses

      (7.4 )     (7.8 )     (14.8 )     (15.6 )
    
 
 
 

Net pension expense

    $ (26.7 )   $ (25.8 )   $ (53.5 )   $ (51.7 )
    
 
 
 

 

The Company made approximately $9.5 million of contributions to its defined benefit pension plan trusts, including the Retirement Restoration Plan, in the first 24 weeks of 2005. For the remainder of 2005, Safeway currently anticipates contributing an additional $4.7 million to these trusts.

 

This excerpt taken from the SWY 10-Q filed May 5, 2005.

NOTE F - PENSION PLAN

 

The following table provides the components of net pension expense for retirement plans for the first 12 weeks of 2005 and 2004 (in millions):

 

     12 weeks ended,
March 26, 2005
     12 weeks ended,
March 27, 2004
  

Estimated return on assets

    $ (35.6 )   $ (33.6 )

Service cost

      25.2       25.0  

Interest cost

      25.9       22.9  

Amortization of prior service cost

      3.9       3.8  

Amortization of unrecognized losses

      7.4       7.8  
    
 

Net pension expense

    $ 26.8     $ 25.9  
    
 

 

The Company made approximately $6.1 million of contributions to its defined benefit pension plan trusts in the first quarter of 2005. For the remainder of 2005, Safeway currently anticipates contributing an additional $7.9 million to these trusts.

 

EXCERPTS ON THIS PAGE:

10-Q
May 3, 2006
10-Q
Oct 20, 2005
10-Q
Jul 28, 2005
10-Q
May 5, 2005

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