XML 36 R22.htm IDEA: XBRL DOCUMENT v3.19.1
Employee Benefit Plans
12 Months Ended
Feb. 02, 2019
Retirement Benefits, Description [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block]
Employee Benefit Plans
We have two qualified defined contribution retirement plans, the GapShare 401(k) Plan and the GapShare Puerto Rico Plan (the “Plans”), which are available to employees who meet the eligibility requirements. The Plans permit eligible employees to make contributions up to the maximum limits allowable under the applicable Internal Revenue Codes. Under the Plans, we match, in cash, all or a portion of employees’ contributions under a predetermined formula. Our contributions vest immediately. Our matching contributions to the Plans were $45 million, $45 million, and $44 million in fiscal 2018, 2017, and 2016, respectively.
We maintain the Gap, Inc. DCP, which allows eligible employees and non-employee directors to defer base compensation up to a maximum percentage. Plan investments are directed by participants and are recorded at market value and designated for the DCP. The fair value of the Company’s DCP assets is determined based on quoted market prices. As of February 2, 2019 and February 3, 2018, the assets related to the DCP were $48 million and $47 million, respectively, and were recorded in other long-term assets on the Consolidated Balance Sheets. As of February 2, 2019 and February 3, 2018, the corresponding liabilities related to the DCP were $48 million and $47 million, respectively, and were recorded in lease incentives and other long-term liabilities on the Consolidated Balance Sheets. We match all or a portion of employees’ contributions under a predetermined formula. Plan investments are elected by the participants, and investment returns are not guaranteed by the Company. Our matching contributions to the DCP in fiscal 2018, 2017, and 2016 were not material.