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EFTA01382430

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Amendment No. 3 to Form S-1 Table of Contents AB ACQUISITION LLC AND SUBSIDIARIES Notes to Consolidated Financial Statements in Other current liabilities, and $72.7 million and $82.8 million, respectively, recorded in Other long-term liabilities. These proceeds are amortized on a straight-line basis over an estimated sublease term as rent income and were $12.6 million for fiscal 2014, and $12.5 million for both fiscal 2013 and 2012. In addition, deferred gains have been recorded in connection with several sale-leaseback transactions and are recognized over the lives of the leases. The current portion of deferred gains related to sale-leaseback transactions at February 28, 2015 and February 20, 2014 were $12.5 million and $13.4 million, respectively, recorded in Other current liabilities, with the long-term portion of $183.3 million and $209.6 million at February 28, 2015 and February 20, 2014, respectively, recorded in Other long-term liabilities. Amortization of deferred gains related to sale-leaseback transactions were $13.4 million for fiscal 2014, 2013 and 2012, respectively, and is recorded as a reduction in rent expense. Benefit plans: Substantially all of the Company's employees are covered by various contributory and non-contributory pension, profit sharing or 401(k) plans. in addition to dedicated defined benefit plans for Safeway, Shaw's and United employees. Certain employees participate in a long-term retention incentive bonus plan. Most union employees participate in multiemployer retirement plans under collective bargaining agreements, unless the collective bargaining agreement provides for participation in plans sponsored by the Company. The Company also provides certain health and welfare benefits, including short-term and long-term disability benefits to inactive disabled employees prior to retirement. The Company recognizes a liability for the under-funded status of the defined benefit plans as a component of Other long-term lia

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