v3.24.3
Pension and Other Postretirement Benefit Plans (Tables)
 12 Months Ended
Sep. 28, 2024
Retirement Benefits, Description [Abstract]  
Schedule Of Reconciliation Of Changes In Plans' Benefit Obligations, Assets And Funded Status
The following table provides a reconciliation of the changes in the plans’ benefit obligations, assets and funded status as of September 28, 2024 and September 30, 2023 (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202420232024202320242023
Change in benefit obligation
Benefit obligation at beginning of year$18 $17 $158 $166 $50 $55 
Service cost— — — — 2 2 
Interest cost1 1 9 8 1 1 
Curtailment gain— — — — (16)— 
Actuarial (gain)/loss3 1 14 (3)— (5)
Benefits paid(1)(1)(14)(13)(3)(3)
Benefit obligation at end of year21 18 167 158 34 50 
Change in plan assets
Fair value of plan assets at beginning of year27 24 — — — — 
Actual return on plan assets4 4 — — — — 
Employer contributions— — 14 13 3 3 
Benefits paid(1)(1)(14)(13)(3)(3)
Fair value of plan assets at end of year30 27 — — — — 
Funded status$9 $9 $(167)$(158)$(34)$(50)
Schedule Of Amounts Recognized In The Consolidated Balance Sheets
Amounts recognized in the Consolidated Balance Sheets as of September 28, 2024 and September 30, 2023 consist of (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202420232024202320242023
Other assets$9 $9 $— $— $— $— 
Other current liabilities— — (14)(13)(7)(2)
Other liabilities— — (153)(145)(27)(48)
Total assets (liabilities)$9 $9 $(167)$(158)$(34)$(50)
Schedule Of Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Plans with accumulated benefit obligations in excess of plan assets are as follows (in millions):
Pension Benefits
QualifiedNon-Qualified
2024202320242023
Projected benefit obligation$— $— $167 $158 
Accumulated benefit obligation— — 167 158 
Fair value of plan assets— — — — 
Schedule Of Components Of Net Periodic Benefit Cost For Pension And Postretirement Benefit Plans Recognized In The Consolidated Statements Of Income
Components of net periodic benefit cost (credit) for pension and postretirement benefit plans recognized in the Consolidated Statements of Income are as follows for fiscal years ended 2024, 2023 and 2022 (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202420232022202420232022202420232022
Service cost$— $— $— $— $— $— $2 $2 $1 
Interest cost1 1 1 9 8 6 1 1 1 
Expected return on plan assets(1)(1)(1)— — — — — — 
Amortization of prior service cost
— — — 1 1 1 4 5 4 
Recognized actuarial loss (gain), net— — — (2)(3)3 — (5)(8)
Net periodic benefit cost (credit)$— $— $— $8 $6 $10 $7 $3 $(2)
Schedule Of Weighted Average Assumptions
Weighted average assumptions are as follows for fiscal years ended 2024, 2023 and 2022:
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202420232022202420232022202420232022
Discount rate to determine net periodic benefit cost5.70 %5.20 %2.00 %5.79 %5.42 %2.83 %4.92 %4.59 %2.07 %
Discount rate to determine benefit obligations5.00 %5.70 %5.20 %4.85 %5.79 %5.42 %3.44 %4.92 %4.59 %
Rate of compensation increasen/an/an/an/an/an/an/an/an/a
Expected return on plan assets5.70 %5.20 %2.00 %n/an/an/an/an/an/a
Schedule Of Estimated Future Benefit Payments Expected To Be Paid
The following benefit payments are expected to be paid (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
2025$1 $13 $2 
20261 14 3 
20271 13 2 
20281 13 2 
20291 13 2 
2030-20344 60 6 
The above benefit payments for other postretirement benefit plans are not expected to be offset by Medicare Part D subsidies in fiscal 2025.
Schedule of Multiemployer Plans
In addition to regular contributions, we could be obligated to pay additional contributions (known as complete or partial withdrawal liabilities) if it has unfunded vested benefits.
PPA Zone StatusFIP/RP StatusContributions
(in millions)		Surcharge Imposed
Pension Fund Plan NameEIN/Pension Plan Number20242023Implemented2024202320222024Expiration Date of Collective Bargaining Agreement
Bakery and Confectionery Union and Industry International Pension Fund52-6118572/001RedRedNov 2012$2$2$210%2027-08-01
Schedule of Net Periodic Benefit Cost Not yet Recognized
Pre-tax amounts recognized in Accumulated Other Comprehensive Income as of September 28, 2024 and September 30, 2023 consist of (in millions):
Pension BenefitsOther Postretirement
QualifiedNon-QualifiedBenefits
202420232024202320242023
Accumulated other comprehensive (income)/loss:
   Actuarial (gain) loss$2 $1 $1 $(15)$4 $9 
   Prior service (credit) cost— — — 1 (4)(5)
Total accumulated other comprehensive (income)/loss:$2 $1 $1 $(14)$— $4