v3.25.2
BENEFIT PLANS (Tables)
 12 Months Ended
Aug. 02, 2025
Retirement Benefits [Abstract]  
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) The benefit obligation, fair value of plan assets and funded status of our defined benefit pension plans and other postretirement benefit plans consisted of the following:
20252024
(in millions)Pension BenefitsOther Postretirement BenefitsPension BenefitsOther Postretirement Benefits
Changes in Benefit Obligation
Benefit obligation at beginning of year$1,505 $11 $1,545 $11 
Actuarial gain(50)(1)(14)— 
Benefits paid(107)(1)(100)(1)
Interest cost70 1 74 1 
Benefit obligation at end of year1,418 10 1,505 11 
Changes in Plan Assets
Fair value of plan assets at beginning of year1,534 — 1,559 — 
Actual return on plan assets48 — 74 — 
Benefits paid(107)(1)(100)(1)
Employer contributions1 1 1 1 
Fair value of plan assets at end of year1,476 — 1,534 — 
Funded (unfunded) status at end of year$58 $(10)$29 $(11)
The following table provides the funded status of individual projected pension benefit plan obligations and the fair value of plan assets for these plans:
(in millions)SUPERVALU INC. Retirement Plan
Other Pension Plan
Total Pension Benefits
August 2, 2025:
Fair value of plan assets at end of year$1,476 $— $1,476 
Benefit obligation at end of year(1,413)(5)(1,418)
Funded (unfunded) status at end of year$63 $(5)$58 
SUPERVALU INC. Retirement Plan
Other Pension Plan
Total Pension Benefits
August 3, 2024:
Fair value of plan assets at end of year$1,534 $— $1,534 
Benefit obligation at end of year(1,499)(6)(1,505)
Funded (unfunded) status at end of year$35 $(6)$29 

Net periodic benefit (income) cost and other changes in plan assets and benefit obligations recognized consist of the following:
202520242023
(in millions)Pension BenefitsOther Postretirement BenefitsPension BenefitsOther Postretirement BenefitsPension BenefitsOther Postretirement Benefits
Net Periodic Benefit (Income) Cost
Expected return on plan assets$(92)$— $(92)$— $(95)$— 
Interest cost70 1 74 1 63 — 
Amortization of prior service cost— 2 — 3 — 3 
Amortization of net actuarial gain— (1)— (1)— — 
Net periodic benefit (income) cost(22)2 (18)3 (32)3 
Other Changes in Plan Assets and Benefits Obligations Recognized in Other Comprehensive Income (Loss)
Net actuarial (gain) loss(6)(1)3 — 29 (1)
Amortization of prior service cost— (2)— (3)— (3)
Amortization of net actuarial loss— 1 — 1 — — 
Total (benefit) expense recognized in Other comprehensive income (loss)(6)(2)3 (2)29 (4)
Total (benefit) expense recognized in net periodic benefit (income) cost and Other comprehensive income (loss)$(28)$— $(15)$1 $(3)$(1)
Schedule of Amounts Recognized in Balance Sheets
Amounts recognized in the Consolidated Balance Sheets as of August 2, 2025 and August 3, 2024 consist of the following:
August 2, 2025August 3, 2024
(in millions)Pension BenefitsOther Postretirement BenefitsPension BenefitsOther Postretirement Benefits
Other long-term assets$63 $— $35 $— 
Pension and other postretirement benefit obligations(5)(9)(5)(10)
Accrued compensation and benefits— (1)(1)(1)
Total$58 $(10)$29 $(11)
Schedule of Assumptions Used
Weighted average assumptions used to determine benefit obligations and net periodic benefit (income) cost consisted of the following:
202520242023
Benefit obligation assumptions:
Discount rate
5.37% - 5.43%
5.09% - 5.12%
5.01% - 5.03%
Net periodic benefit (income) cost assumptions:
Discount rate
5.09% - 5.12%
5.01% - 5.03%
4.20% - 4.26%
Rate of compensation increase— — — 
Expected return on plan assets(1)
6.25 %
6.25%
6.00%
Interest credit 5.00 %5.00 %5.00 %
(1)    Expected return on plan assets is estimated by utilizing forward-looking, long-term return, risk and correlation assumptions developed and updated annually by the Company. These assumptions are weighted by the actual or target allocation to each underlying asset class represented in the pension plan master trust. The Company also assesses the expected long-term return on plan assets assumption by comparison to long-term historical performance on an asset class basis to ensure the assumption is reasonable. Long-term trends are also evaluated relative to market factors such as inflation, interest rates, and fiscal and monetary policies in order to assess the capital market assumptions.
Schedule of Allocation of Plan Assets
The asset allocation targets and the actual allocation of pension plan assets are as follows:
Asset CategoryTarget20252024
Fixed income85.0 %84.9 %85.9 %
Domestic equity6.9 %6.9 %5.5 %
Private equity2.0 %2.5 %3.3 %
International equity4.1 %4.1 %3.7 %
Real estate2.0 %1.6 %1.6 %
    Total100.0 %100.0 %100.0 %
The fair value of assets held in the master trust for defined benefit pension plans as of August 2, 2025, by asset category, consisted of the following (in millions):
Level 1Level 2Level 3Measured at NAV as a Practical ExpedientTotal
Common stock$49 $— $— $— $49 
Common collective trusts— 523 — — 523 
Corporate bonds— 573 — — 573 
Government securities— 148 — — 148 
Mortgage-backed securities— 25 — — 25 
Other94 4 — — 98 
Private equity and real estate partnerships— — — 60 60 
Total plan assets at fair value$143 $1,273 $— $60 $1,476 

The fair value of assets held in the master trust for defined benefit pension plans as of August 3, 2024, by asset category, consisted of the following (in millions):
Level 1Level 2Level 3Measured at NAV as a Practical ExpedientTotal
Common stock$45 $— $— $— $45 
Common collective trusts— 538 — — 538 
Corporate bonds— 603 — — 603 
Government securities— 146 — — 146 
Mortgage-backed securities— 25 — — 25 
Other97 5 — — 102 
Private equity and real estate partnerships— — — 75 75 
Total plan assets at fair value$142 $1,317 $— $75 $1,534 
Schedule of Expected Benefit Payments
The estimated future benefit payments to be made from our defined benefit pension and other postretirement benefit plans, which reflect expected future service, are as follows (in millions):
Fiscal YearPension Benefits
Other Postretirement Benefits
2026$114 $1 
2027114 1 
2028114 1 
2029114 1 
2030113 1 
Years 2031-2035548 4 
Schedule of Multiemployer Plans
The following table contains information about the Company’s significant multiemployer plans from which the Company has not withdrawn (in millions):
Pension Protection Act Zone StatusContributions
Pension FundEIN-Pension
Plan Number		Plan
Month/Day
End Date		Most Recent AvailableFIP/RP Status Pending/Implemented202520242023
Surcharges Imposed(1)
Teamsters Retirement Pension Plan (f/k/a/ Minneapolis Food Distributing Industry Pension Plan)416047047-00112/31GreenNo$11 $11 $12 No
Minneapolis Retail Meat Cutters and Food Handlers Pension Fund
410905139-0012/28RedImplemented10 11 13 No
Minneapolis Retail Meat Cutters and Food Handlers Variable Annuity Pension Plan832598425-00112/31NANA3 3 3 NA
Central States, Southeast & Southwest Areas Pension Plan366044243-00112/31RedImplemented5 5 5 No
UFCW Unions and Participating Employers Pension Plan526117495-00212/31 RedImplemented3 3 3 No
Western Conference of Teamsters Pension Plan 916145047-00112/31GreenNo14 12 10 No
All Other Multiemployer Pension Plans(2)
2 2 2 
Total$48 $47 $48 
(1)    PPA surcharges are 5% or 10% of eligible contributions and may not apply to all collective bargaining agreements or total contributions to each plan.
(2)    All Other Multiemployer Pension Plans includes 5 plans, none of which are individually significant when considering contributions to the plan, severity of the underfunded status or other factors.
Schedule of Collective Bargaining Agreement Dates and Contributions to Each Plan Table
The following table describes the expiration of the Company’s collective bargaining agreements associated with the significant multiemployer plans in which we participate:
Most Significant Collective Bargaining Agreement
Pension FundRange of Collective Bargaining Agreement Expiration DatesTotal Collective Bargaining AgreementsExpiration Date
% of Associates under Collective Bargaining Agreement (1)
Over 5% Contributions 2024
Teamsters Retirement Pension Plan (f/k/a/ Minneapolis Food Distributing Industry Pension Plan)5/31/20261 5/31/2026100.0 %☒
Minneapolis Retail Meat Cutters and Food Handlers Pension Fund
3/4/20281 3/4/2028100.0 %☒
Minneapolis Retail Meat Cutters and Food Handlers Variable Annuity Pension Fund
3/4/20281 3/4/2028100.0 %☒
Central States, Southeast and Southwest Areas Pension Fund
  6/1/2026 - 9/15/20294 5/31/202959.2 %☐
UFCW Unions and Participating Employers Pension Fund7/11/20262 7/11/202674.9 %☒
Western Conference of Teamsters Pension Plan Trust
9/20/2026 - 2/28/202917 3/20/202736.8 %☐
(1)    Company participating employees in the most significant collective bargaining agreement as a percent of all Company employees represented under the applicable collective bargaining agreements.