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RETIREMENT AND BENEFIT PLANS (Tables)
12 Months Ended
Jan. 29, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
Reconciliations of the changes in the projected benefit obligation (Pension Plans and SERP Plans) and the accumulated benefit obligation (Postretirement Plans) for each of the last two years were as follows:

 
Pension Plans
 
SERP Plans
 
Postretirement Plans
(In millions)
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Balance at beginning of year
$
651.7

 
$
734.8

 
$
88.6

 
$
98.5

 
$
15.8

 
$
18.1

Service cost
24.4

 
29.9

 
4.3

 
5.6

 

 

Interest cost
29.8

 
27.8

 
3.9

 
3.7

 
0.5

 
0.6

Benefit payments
(75.6
)
 
(49.1
)
 
(8.5
)
 
(10.1
)
 

 

Benefit payments, net of retiree contributions

 

 

 

 
(1.9
)
 
(1.9
)
Medicare subsidy

 

 

 

 
0.0

 
0.0

Actuarial gain
(2.8
)
 
(91.7
)
 
(0.7
)
 
(9.1
)
 
(3.0
)
 
(1.0
)
Balance at end of year
$
627.5

 
$
651.7

 
$
87.6

 
$
88.6

 
$
11.4

 
$
15.8



In 2016 and 2015, benefit payments from the Pension Plans include lump sum payments, as certain vested participants, whose employment has been terminated, were offered an opportunity to elect a lump sum payment of their accrued pension benefit from the Pension Plans. Such payments totaling $44.8 million and $20.1 million were made in 2016 and 2015, respectively, using assets from the Pension Plans. The lump sum payments resulted in settlements of the Company’s benefit obligation. The actuarial gains in 2015 were due principally to increases in the discount rates.

Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
Amounts recognized in the Company’s Consolidated Balance Sheets were as follows:
 
Pension Plans
 
SERP Plans
 
Postretirement Plans
(In millions)
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Noncurrent assets
$
32.6

 
$

 
$

 
$

 
$

 
$

Current liabilities

 

 
(8.5
)
 
(7.5
)
 
(1.5
)
 
(1.9
)
Non-current liabilities
(0.6
)
 
(84.3
)
 
(79.1
)
 
(81.1
)
 
(9.9
)
 
(13.9
)
Net amount recognized
$
32.0

 
$
(84.3
)
 
$
(87.6
)
 
$
(88.6
)
 
$
(11.4
)
 
$
(15.8
)
Schedule of Net Benefit Costs [Table Text Block]
The components of net benefit cost and other pre-tax amounts recognized in other comprehensive loss in each of the last three years were as follows:
Net Benefit Cost Recognized in Selling, General and Administrative Expenses
 
 
 
 
 
 
 
 
 
Pension Plans
 
SERP Plans
 
Postretirement Plans
(In millions)
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Service cost, including plan expenses
 
$
25.2

 
$
30.6

 
$
20.0

 
$
4.4

 
$
5.6

 
$
4.5

 
$

 
$

 
$

Interest cost
 
29.8

 
27.8

 
28.5

 
3.9

 
3.7

 
4.0

 
0.5

 
0.6

 
0.8

Actuarial (gain) loss
 
(35.4
)
 
(10.1
)
 
121.8

 
(0.7
)
 
(9.1
)
 
13.9

 
(3.0
)
 
(1.0
)
 
3.2

Expected return on plan assets
 
(35.9
)
 
(42.5
)
 
(43.5
)
 

 

 

 

 

 

Amortization of prior service cost (credit)
 
0.0

 
0.0

 
0.0

 
(0.1
)
 
(0.1
)
 
(0.1
)
 
(0.3
)
 
(0.4
)
 
(0.8
)
Total
 
$
(16.3
)
 
$
5.8

 
$
126.8

 
$
7.5

 
$
0.1

 
$
22.3

 
$
(2.8
)
 
$
(0.8
)
 
$
3.2

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Loss [Table Text Block]
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss
 
 
 
 
 
 
 
 
 
 
 
Pension Plans
 
SERP Plans
 
Postretirement Plans
(In millions)
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Amortization of prior service (cost) credit
 
$
(0.0
)
 
$
(0.0
)
 
$
(0.0
)
 
$
0.1

 
$
0.1

 
$
0.1

 
$
0.3

 
$
0.4

 
$
0.8

Schedule of Expected Benefit Payments [Table Text Block]
The expected benefit payments associated with the Pension Plans and SERP Plans, and expected benefit payments, net of retiree contributions, associated with the Postretirement Plans are as follows:
(In millions)
 
 
 
 
 
 
Fiscal Year
 
Pension Plans
 
SERP Plans
 
Postretirement Plans
2017
 
$
29.8

 
$
8.5

 
$
1.5

2018
 
30.3

 
6.7

 
1.4

2019
 
30.7

 
6.8

 
1.3

2020
 
31.3

 
7.6

 
1.2

2021
 
32.1

 
7.9

 
1.1

2022-2026
 
175.0

 
46.7

 
4.2

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]
The medical health care cost trend rate assumed for 2017 is 7.83% and is assumed to decrease by approximately 0.17% per year through 2038. Thereafter, the rate assumed is 4.48%. If the assumed health care cost trend rate increased or decreased by 1%, the aggregate effect on the service and interest cost components of the net postretirement benefit cost for 2016 and on the accumulated postretirement benefit obligation at January 29, 2017 would be as follows:
(In millions)
1% Increase
 
1% Decrease
Impact on service and interest cost
$
0.0

 
$
(0.0
)
Impact on year end accumulated postretirement benefit obligation
0.7

 
(0.6
)
Schedule of Assumptions Used [Table Text Block]
Significant weighted average rate assumptions used in determining the projected and accumulated benefit obligations at the end of each year and benefit cost in the following year were as follows:
 
2016
 
2015
 
2014
Discount rate (applies to Pension Plans and SERP Plans)
4.59
%
 
4.72
%
 
3.94
%
Discount rate (applies to Postretirement Plans)

4.04
%
 
4.28
%
 
3.53
%
Rate of increase in compensation levels (applies to Pension Plans)
4.27
%
 
4.22
%
 
4.28
%
Long-term rate of return on assets (applies to Pension Plans)
6.50
%
 
6.50
%
 
6.75
%


To develop the expected weighted average long-term rate of return on assets assumption, the Company considered the historical level of the risk premium associated with the asset classes in which the portfolio is invested and the expectations for future returns of each asset class. The expected return for each asset class was then weighted based on the target asset allocation to develop the expected long-term rate of return on assets assumption for the portfolio.
Pension Plans [Member]  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
Reconciliations of the fair value of the assets held by the Pension Plans and the funded status for each of the last two years were as follows:
(In millions)
2016
 
2015
Fair value of plan assets at beginning of year
$
567.4

 
$
654.8

Actual return (loss), net of plan expenses
67.7

 
(39.8
)
Benefit payments
(75.6
)
 
(49.1
)
Company contributions
100.0

 
1.5

Fair value of plan assets at end of year
$
659.5

 
$
567.4

Funded status at end of year
$
32.0

 
$
(84.3
)
Schedule of Allocation of Plan Assets [Table Text Block]
In accordance with the fair value hierarchy described in Note 11, “Fair Value Measurements,” the following tables show the fair value of the total assets of the Pension Plans for each major category as of January 29, 2017 and January 31, 2016:
(In millions)
 
 
 
Fair Value Measurements as of
January 29, 2017(8)
Asset Category
 
Total
 
Quoted Prices
In Active
Markets for
Identical Assets
(Level 1)
 

Observable
Inputs
(Level 2)
 
Unobservable
Inputs
(Level 3)
Equity securities:
 
 
 
 
 
 
 
 
United States equities(1)
 
$
193.0

 
$
193.0

 
$

 

International equities(1)
 
12.2

 
12.2

 

 

United States equity fund(2)
 
51.6

 

 
51.6

 

International equity funds(3)
 
130.5

 
70.4

 
60.1

 

Fixed income securities:
 
 

 
 

 
 

 
 

Government securities(4)
 
63.3

 

 
63.3

 

Corporate securities(4)
 
181.0

 

 
181.0

 

Short-term investment funds(5)
 
18.9

 

 
18.9

 

Total return mutual fund(6)
 
5.6

 
5.6

 

 

Subtotal
 
$
656.1

 
$
281.2

 
$
374.9

 

Other assets and liabilities(7)
 
3.4

 
 

 
 

 
 

Total
 
$
659.5

 
 

 
 

 
 

(In millions)
 
 
 
Fair Value Measurements as of
January 31, 2016(8) 
Asset Category
 
Total
 
Quoted Prices
In Active
Markets for
Identical Assets
(Level 1)
 
Observable
Inputs
(Level 2)
 
Unobservable
Inputs
(Level 3)
Equity securities:
 
 
 
 
 
 
 
 
United States equities(1)
 
$
155.9

 
$
155.9

 
$

 

International equities(1)
 
13.2

 
13.2

 

 

United States equity fund(2)
 
34.1

 

 
34.1

 

International equity funds(3)
 
101.8

 
68.4

 
33.4

 

Fixed income securities:
 
 

 
 

 
 

 
 

Government securities(4)
 
64.1

 

 
64.1

 

Corporate securities(4)
 
176.2

 

 
176.2

 

Short-term investment funds(5)
 
13.8

 

 
13.8

 

Total return mutual fund(6)
 
5.1

 
5.1

 

 

Subtotal
 
$
564.2

 
$
242.6

 
$
321.6

 

Other assets and liabilities(7)
 
3.2

 
 

 
 

 
 

Total
 
$
567.4

 
 

 
 

 
 

(1) 
Valued at the closing price or unadjusted quoted price in the active market in which the individual securities are traded.
(2) 
Valued at the net asset value of the fund, as determined by a pricing vendor or the fund family. The Company has the ability to redeem this investment at net asset value within the near term and therefore classifies this investment within Level 2. This commingled fund invests in United States large cap equities that track the Russell 1000 Index.
(3) 
Valued at the net asset value of the funds, either as determined by the closing price in the active market in which the individual fund is traded and classified within Level 1, or as determined by a pricing vendor or the fund family and classified within Level 2. This category includes funds that invest in equities of companies outside of the United States.
(4) 
Valued with bid evaluation pricing where the inputs are based on actual trades in active markets, when available, as well as observable market inputs that include actual and comparable trade data, market benchmarks, broker quotes, trading spreads and/or other applicable data.
(5) 
Valued at the net asset value of the funds, as determined by a pricing vendor or the fund family. The Company has the ability to redeem these investments at net asset value within the near term and therefore classifies these investments within Level 2. These funds invest in high-grade, short-term, money market instruments.
(6) 
Valued at the net asset value of the fund, as determined by the closing price in the active market in which the individual fund is traded. This fund invests in both equity securities and fixed income securities.
(7) 
This category includes other pension assets and liabilities such as pending trades and accrued income.
(8) 
The Company uses third party pricing services to determine the fair values of the financial instruments held by the Pension Plans. The Company obtains an understanding of the pricing services’ valuation methodologies and related inputs and validates a sample of prices provided by the pricing services by reviewing prices from other pricing sources and analyzing pricing data in certain instances. The Company has not adjusted any prices received from the third party pricing services.
Schedule of Accumulated and Projected Benefit Obligations [Table Text Block]
In 2016, two of the Company’s Pension Plans had projected benefit obligations in excess of plan assets and one of the Company’s Pension Plans had accumulated benefit obligations in excess of plan assets. In 2015, all of the Pension Plans had projected benefit obligations and accumulated benefit obligations in excess of plan assets. The balances were as follows:
(In millions, except plan count)
2016
 
2015
Number of plans with projected benefit obligations in excess of plan assets
2

 
5

Aggregate projected benefit obligation
$
34.6

 
$
651.7

Aggregate fair value of related plan assets
$
34.0

 
$
567.4

 
 
 
 
Number of plans with accumulated benefit obligations in excess of plan assets
1

 
5

Aggregate accumulated benefit obligation
$
3.3

 
$
610.7

Aggregate fair value of related plan assets
$
3.1

 
$
567.4