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 |
|---|
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 |
% | |