Rendering
Component: (Network and Table) |
---|
Network | 30903 - Disclosure - Retirement Plan (Tables) (http://www.berryplastics.com/role/DisclosureRetirementPlanTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0001378992 (http://www.sec.gov/CIK) |
Retirement Plan [Abstract] | Period [Axis] |
---|
2015-09-27 - 2016-10-01 |
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Retirement Plan [Abstract] | |
Schedule Of Projected Benefit Obligations And Change In Fair Value Of Plan Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Defined Benefit Pension Plans |
Retiree Health Plans |
|
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
Change in Projected Benefit Obligations (PBO) |
|
|
|
|
|
|
|
|
|
|
|
|
|
PBO at beginning of period |
$ |
193 |
|
$ |
192 |
|
$ |
2 |
|
$ |
2 |
|
Acquisitions |
|
256 |
|
|
— |
|
|
5 |
|
|
— |
|
Service cost |
|
3 |
|
|
1 |
|
|
— |
|
|
— |
|
Interest cost |
|
15 |
|
|
8 |
|
|
— |
|
|
— |
|
Actuarial loss (gain) |
|
44 |
|
|
11 |
|
|
— |
|
|
— |
|
Currency impact |
|
1 |
|
|
— |
|
|
— |
|
|
— |
|
Benefit settlements |
|
— |
|
|
(9 |
) |
|
— |
|
|
— |
|
Benefits paid |
|
(20 |
) |
|
(10 |
) |
|
— |
|
|
— |
|
PBO at end of period |
$ |
492 |
|
$ |
193 |
|
$ |
7 |
|
$ |
2 |
|
|
Change in Fair Value of Plan Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
Plan assets at beginning of period |
$ |
142 |
|
$ |
154 |
|
$ |
— |
|
$ |
— |
|
Acquisitions |
|
253 |
|
|
— |
|
|
— |
|
|
— |
|
Currency impact |
|
1 |
|
|
— |
|
|
— |
|
|
— |
|
Actual return on plan assets |
|
37 |
|
|
3 |
|
|
— |
|
|
— |
|
Company contributions |
|
5 |
|
|
4 |
|
|
— |
|
|
— |
|
Benefit settlements |
|
— |
|
|
(9 |
) |
|
— |
|
|
— |
|
Benefits paid |
|
(20 |
) |
|
(10 |
) |
|
— |
|
|
— |
|
Plan assets at end of period |
|
418 |
|
|
142 |
|
|
— |
|
|
— |
|
Net amount recognized |
$ |
(74 |
) |
$ |
(51 |
) |
$ |
(7 |
) |
$ |
(2 |
) | |
Weighted Average Assumptions Used To Determine Benefit Obligation And Benefit Cost |
|
|
|
|
|
|
Defined Benefit Pension Plans |
Retiree Health Plan |
(Percents) |
2016 |
2015 |
2016 |
2015 |
Weighted-average assumptions: |
|
|
|
|
Discount rate for benefit obligation |
2.7 |
4.0 |
2.9 |
3.0 |
Discount rate for net benefit cost |
3.5 |
4.0 |
3.5 |
2.9 |
Expected return on plan assets for net benefit costs |
5.3 |
7.3 |
— |
— | |
Schedule Of Plan Asset Fair Values |
Fiscal 2016 Asset Category |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Cash and cash equivalents |
$ |
9 |
$ |
— |
$ |
— |
$ |
9 |
U.S. large cap comingled equity funds |
|
— |
|
55 |
|
— |
|
55 |
U.S. mid cap equity mutual funds |
|
45 |
|
— |
|
— |
|
45 |
U.S. small cap equity mutual funds |
|
3 |
|
— |
|
— |
|
3 |
International equity mutual funds |
|
13 |
|
— |
|
— |
|
13 |
Real estate equity investment funds |
|
4 |
|
— |
|
— |
|
4 |
Corporate bond mutual funds |
|
20 |
|
— |
|
— |
|
20 |
Corporate bonds |
|
— |
|
114 |
|
— |
|
114 |
Guaranteed investment account |
|
— |
|
— |
|
10 |
|
10 |
International fixed income funds |
|
6 |
|
— |
|
— |
|
6 |
International insurance contracts |
|
139 |
|
— |
|
— |
|
139 |
Total |
$ |
239 |
$ |
169 |
$ |
10 |
$ |
418 |
|
|
|
|
|
|
|
|
|
Fiscal 2015 Asset Category |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Cash and cash equivalents |
$ |
8 |
$ |
— |
$ |
— |
$ |
8 |
U.S. large cap comingled equity funds |
|
— |
|
37 |
|
— |
|
37 |
U.S. mid cap equity mutual funds |
|
24 |
|
— |
|
— |
|
24 |
U.S. small cap equity mutual funds |
|
2 |
|
— |
|
— |
|
2 |
International equity mutual funds |
|
6 |
|
— |
|
— |
|
6 |
Real estate equity investment funds |
|
3 |
|
— |
|
— |
|
3 |
Corporate bond mutual funds |
|
21 |
|
— |
|
— |
|
21 |
Corporate bonds |
|
— |
|
31 |
|
— |
|
31 |
Guaranteed investment account |
|
— |
|
— |
|
10 |
|
10 |
Total |
$ |
64 |
$ |
68 |
$ |
10 |
$ |
142 | |
Schedule Of Expected Benefit Payments |
|
|
|
|
|
|
|
Defined Benefit |
|
Retiree Health |
|
|
Pension Plans |
|
Plan |
2017 |
$ |
21 |
$ |
1 |
2018 |
|
21 |
|
1 |
2019 |
|
22 |
|
— |
2020 |
|
22 |
|
1 |
2021 |
|
23 |
|
— |
2022-2026 |
|
118 |
|
3 | |
Schedule Of Net Pension And Retiree Health Benefit Expense |
|
|
|
|
|
|
|
|
|
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
Defined Benefit Pension Plans |
|
|
|
|
|
|
|
|
|
Service cost |
$ |
3 |
|
$ |
1 |
|
$ |
— |
|
Interest cost |
|
16 |
|
|
8 |
|
|
8 |
|
Amortization of net actuarial loss |
|
2 |
|
|
1 |
|
|
— |
|
Settlement charge |
|
— |
|
|
2 |
|
|
— |
|
Expected return on plan assets |
|
(20 |
) |
|
(12 |
) |
|
(11 |
) |
Net periodic benefit cost |
$ |
1 |
|
$ |
— |
|
$ |
(3 |
) | |
Schedule Of Defined Benefit Pension Plan Asset Allocations |
|
2016 |
|
2015 |
|
Asset Category |
|
|
|
|
Equity securities and equity-like instruments |
29 |
% |
51 |
% |
Debt securities and debt-like |
33 |
|
37 |
|
International insurance contracts |
33 |
|
— |
|
Other |
5 |
|
12 |
|
Total |
100 |
% |
100 |
% | |