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Postretirement Benefits (Tables)
12 Months Ended
Feb. 01, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Benefit Obligations And Funded Status
Our benefit obligation and funded status is as follows:
 
February 1, 2020

 
February 2, 2019

Change in benefit obligation:
 
 
 
Benefit obligation at beginning of year

$190

 

$200

Participant service cost
2

 
2

Interest cost
7

 
7

Benefits paid
(9
)
 
(9
)
Actuarial loss (gain)
34

 
(10
)
Benefit obligation at end of year
224

 
190

Change in plan assets:
 
 
 
Fair value of plan assets at beginning of year

 

Employer contribution
9

 
9

Benefits paid
(9
)
 
(9
)
Fair value of plan assets at end of year

 

Underfunded status at end of year

($224
)
 

($190
)

Amounts Recognized As Liabilities In The Consolidated Balance Sheets
Amounts recognized as liabilities in the Consolidated Balance Sheets consist of the following:
 
February 1, 2020

 
February 2, 2019

Accrued salaries, wages and related benefits

$11

 

$10

Other liabilities (noncurrent)
213

 
180

Net amount recognized

$224

 

$190


Components Of SERP Expense Recognized In The Consolidated Statements Of Earnings
The components of SERP expense recognized in the Consolidated Statements of Earnings are as follows:
Fiscal year
2019

 
2018

 
2017

Participant service cost

$2

 

$2

 

$3

Interest cost
7

 
7

 
7

Amortization of net loss and other
1

 
5

 
3

Total SERP expense

$10

 

$14

 

$13


Amounts Not Yet Reflected In SERP Expense And Included In Accumulated Other Comprehensive Loss (Pre-Tax)
Amounts not yet reflected in SERP expense and included in accumulated other comprehensive loss (pre-tax) consist of the following:
 
February 1, 2020

 
February 2, 2019

Accumulated loss

($62
)
 

($30
)
Prior service credit

 
1

Total accumulated other comprehensive loss

($62
)
 

($29
)

Weighted-Average Assumptions Used To Determine Benefit Obligations And SERP Expense
Weighted-average assumptions used to determine our benefit obligation and SERP expense are as follows:
Fiscal year
2019

 
2018

 
2017

Assumptions used to determine benefit obligation:
 
 
 
 
 
Discount rate
2.97
%
 
4.27
%
 
3.95
%
Rate of compensation increase
2.50
%
 
2.50
%
 
3.00
%
Assumptions used to determine SERP expense:
 
 
 
 
 
Discount rate
4.27
%
 
3.95
%
 
4.31
%
Rate of compensation increase
2.50
%
 
3.00
%
 
3.00
%

Expected Future Benefit Payments Including Benefits Attributable To Estimated Future Employee Service
As of February 1, 2020, the expected future benefit payments based upon the assumptions described above and including benefits attributable to estimated future employee service are as follows:
Fiscal year
 
2020

$11

2021
11

2022
11

2023
12

2024
12

2025 – 2029
62