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COMPANY-SPONSORED BENEFIT PLANS (Tables)
12 Months Ended
Jan. 30, 2021
COMPANY-SPONSORED BENEFIT PLANS  
Schedule of amounts recognized in AOCI (pre-tax)

Pension Benefits

Other Benefits

Total

 

    

2020

    

2019

    

2020

    

2019

    

2020

    

2019

 

Net actuarial loss (gain)

$

951

$

955

$

(147)

$

(109)

$

804

$

846

Prior service credit

 

 

 

(55)

 

(68)

 

(55)

 

(68)

Total

$

951

$

955

$

(202)

$

(177)

$

749

$

778

Schedule of other changes recognized in other comprehensive income (loss) (pre-tax)

Pension Benefits

Other Benefits

Total

 

    

2020

    

2019

    

2018

    

2020

    

2019

    

2018

    

2020

    

2019

    

2018

 

Incurred net actuarial loss (gain)

$

36

$

179

$

(126)

$

(46)

$

9

$

(10)

$

(10)

$

188

$

(136)

Amortization of prior service credit

 

 

 

 

13

 

11

 

11

 

13

 

11

 

11

Amortization of net actuarial gain (loss)

 

(40)

 

(61)

 

(77)

 

8

 

12

 

10

 

(32)

 

(49)

 

(67)

Other

 

 

(1)

 

 

 

(12)

 

 

 

(13)

 

Total recognized in other comprehensive income (loss)

$

(4)

$

117

$

(203)

$

(25)

$

20

$

11

$

(29)

$

137

$

(192)

Total recognized in net periodic benefit cost and other comprehensive income (loss)

$

(4)

$

165

$

(127)

$

(34)

$

11

$

5

$

(38)

$

176

$

(122)

Schedule of change in benefit obligation, change in plan assets and the funded status of the plans recorded in the Consolidated Balance Sheets and net amounts recognized at the end of fiscal years

Pension Benefits

 

Qualified Plans

Non-Qualified Plans

Other Benefits

 

    

2020

    

2019

    

2020

    

2019

    

2020

    

2019

 

Change in benefit obligation:

Benefit obligation at beginning of fiscal year

$

3,518

$

2,994

$

328

$

298

$

198

$

200

Service cost

 

13

 

32

 

 

1

 

7

 

6

Interest cost

 

104

 

124

 

10

 

12

 

6

 

8

Plan participants’ contributions

 

 

 

 

 

12

 

13

Actuarial (gain) loss

 

175

 

545

 

35

 

41

 

(47)

 

9

Plan settlements

(16)

Benefits paid

 

(171)

 

(180)

 

(21)

 

(21)

 

(24)

 

(26)

Other

 

(8)

 

3

 

(1)

 

(3)

 

 

(12)

Benefit obligation at end of fiscal year

$

3,615

$

3,518

$

351

$

328

$

152

$

198

Change in plan assets:

Fair value of plan assets at beginning of fiscal year

$

3,422

$

3,010

$

$

$

$

Actual return on plan assets

 

342

 

590

 

 

 

 

Employer contributions

 

 

 

21

 

21

 

12

 

13

Plan participants’ contributions

 

 

 

 

 

12

 

13

Plan settlements

(16)

Benefits paid

 

(171)

 

(180)

 

(21)

 

(21)

 

(24)

 

(26)

Other

 

(8)

 

2

 

 

 

 

Fair value of plan assets at end of fiscal year

$

3,569

$

3,422

$

$

$

$

Funded status and net asset and liability recognized at end of fiscal year

$

(46)

$

(96)

$

(351)

$

(328)

$

(152)

$

(198)

Schedule of weighted-average assumptions used in determining the benefit obligation and net periodic benefit cost

Pension Benefits

Other Benefits

 

Weighted average assumptions

    

2020

    

2019

    

2018

    

2020

    

2019

    

2018

 

Discount rate — Benefit obligation

 

2.72

%  

3.01

%  

4.23

%  

2.43

%  

2.97

%  

4.19

%  

Discount rate — Net periodic benefit cost

 

3.01

%  

4.23

%  

4.00

%

2.97

%  

4.19

%  

3.93

%  

Expected long-term rate of return on plan assets

 

5.50

%  

6.00

%  

5.90

%

Rate of compensation increase — Net periodic benefit cost

 

3.03

%  

3.04

%  

3.03

%

Rate of compensation increase — Benefit obligation

 

3.03

%  

3.03

%  

3.04

%

Cash Balance plan interest crediting rate

3.30

%  

3.60

%  

4.00

%

Schedule of components of net periodic benefit cost

Pension Benefits

 

Qualified Plans

Non-Qualified Plans

Other Benefits

 

    

2020

    

2019

    

2018

    

2020

    

2019

    

2018

    

2020

    

2019

    

2018

 

Components of net periodic benefit cost:

Service cost

$

13

$

32

$

35

$

$

1

$

2

$

7

$

6

$

7

Interest cost

 

104

 

124

 

124

 

10

 

12

 

12

 

6

 

8

 

8

Expected return on plan assets

 

(168)

 

(182)

 

(174)

 

 

 

 

 

 

Amortization of:

Prior service credit

 

 

 

 

 

 

 

(13)

 

(11)

 

(11)

Actuarial (gain) loss

 

35

 

55

 

69

 

5

 

6

 

8

 

(8)

 

(12)

 

(10)

Other

1

 

 

 

 

 

 

(1)

 

 

Net periodic benefit cost

$

(15)

$

29

$

54

$

15

$

19

$

22

$

(9)

$

(9)

$

(6)

Schedule of projected benefit obligation ("PBO"), accumulated benefit obligation ("ABO") and the fair value of plan assets for all Company-sponsored pension plans

Qualified Plans

Non-Qualified Plans

 

    

2020

    

2019

    

2020

    

2019

 

PBO at end of fiscal year

$

3,415

$

3,272

$

351

$

328

Fair value of plan assets at end of year

$

3,349

$

3,157

$

$

Qualified Plans

Non-Qualified Plans

    

2020

    

2019

    

2020

    

2019

ABO at end of fiscal year

$

3,415

$

3,271

$

351

$

328

Fair value of plan assets at end of year

$

3,349

$

3,157

$

$

Schedule of estimated future benefit payments for defined benefit pension plans and other benefits

    

Pension

    

Other

 

Benefits

Benefits

 

2021

$

224

$

11

2022

$

231

$

12

2023

$

219

$

12

2024

$

223

$

12

2025

$

226

$

12

2026 —2030

$

1,124

$

57

Schedule of weighted average target and actual pension plan asset allocations

Actual

 

Target allocations

 Allocations

 

    

2020

    

2020

    

2019

 

Pension plan asset allocation

Global equity securities

 

2.0

%  

6.0

%  

4.3

%

Emerging market equity securities

 

1.0

1.6

2.3

Investment grade debt securities

 

80.0

77.9

77.8

High yield debt securities

 

4.0

2.7

2.9

Private equity

 

10.0

8.1

8.1

Hedge funds

 

2.2

2.8

Real estate

 

3.0

1.5

1.8

Total

 

100.0

%  

100.0

%  

100.0

%

Schedule of fair values of defined benefit pension plan assets

Assets at Fair Value as of January 30, 2021

Quoted Prices in

Significant

 

Active Markets for

Significant Other

Unobservable

Assets

 

Identical Assets

Observable Inputs

Inputs

Measured

 

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

at NAV

    

Total

 

Cash and cash equivalents

$

120

$

$

$

$

120

Corporate Stocks

 

89

 

 

 

 

89

Corporate Bonds

 

 

1,240

 

 

 

1,240

U.S. Government Securities

 

 

225

 

 

 

225

Mutual Funds

 

329

 

 

 

 

329

Collective Trusts

 

 

 

 

1,014

 

1,014

Hedge Funds

 

 

 

35

 

46

 

81

Private Equity

 

 

 

 

289

 

289

Real Estate

 

 

 

39

 

16

 

55

Other

 

 

127

 

 

 

127

Total

$

538

$

1,592

$

74

$

1,365

$

3,569

Assets at Fair Value as of February 1, 2020

Quoted Prices in

Significant

 

Active Markets for

Significant Other

Unobservable

Assets

 

Identical Assets

Observable Inputs

Inputs

Measured

 

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

at NAV

    

Total

 

Cash and cash equivalents

$

186

$

$

$

$

186

Corporate Stocks

 

78

 

 

 

 

78

Corporate Bonds

 

 

1,157

 

 

 

1,157

U.S. Government Securities

 

 

194

 

 

 

194

Mutual Funds

 

305

 

 

 

 

305

Collective Trusts

 

 

 

 

945

 

945

Hedge Funds

 

 

 

43

 

51

 

94

Private Equity

 

 

 

 

275

 

275

Real Estate

 

 

 

43

 

17

 

60

Other

 

 

128

 

 

 

128

Total

$

569

$

1,479

$

86

$

1,288

$

3,422

Schedule of reconciliation of beginning and ending balances for measurements using significant unobservable inputs (Level 3)

    

Hedge Funds

    

Real Estate

Ending balance, February 2, 2019

$

49

$

67

Contributions into Fund

 

2

 

3

Realized gains

 

(2)

 

23

Unrealized losses

 

 

(17)

Distributions

 

(11)

 

(33)

Other

5

 

Ending balance, February 1, 2020

 

43

 

43

Contributions into Fund

 

2

 

1

Realized gains

 

 

4

Unrealized gains

 

 

(6)

Distributions

 

(10)

 

(3)

Ending balance, January 30, 2021

$

35

$

39