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RETIREMENT AND BENEFIT PLANS (Tables)
6 Months Ended
Jul. 30, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Net Benefit Costs [Table Text Block]
 
Thirteen Weeks Ended
 
Twenty-Six Weeks Ended
(In millions)
7/30/17
 
7/31/16
 
7/30/17
 
7/31/16
 
 
 
 
 
 
 
 
Service cost, including plan expenses    
$
6.4

 
$
6.1

 
$
13.3

 
$
12.6

Interest cost    
6.5

 
7.4

 
12.9

 
14.9

Expected return on plan assets    
(9.6
)
 
(8.9
)
 
(19.3
)
 
(17.9
)
Loss on settlement

 

 
9.4

 

Total    
$
3.3

 
$
4.6

 
$
16.3

 
$
9.6


During the first quarter of 2017, the Company completed the purchase of a group annuity using assets from the Pension Plans. Under the group annuity, the accrued pension obligations for approximately 4,000 select retiree participants who had deferred vested benefits under the Pension Plans were transferred to an insurer. As a result, the Company recognized a loss of $9.4 million, which was recorded in SG&A expenses in the Company’s Consolidated Income Statement for the twenty-six weeks ended July 30, 2017. The amount of the pension benefit obligation settled was $65.3 million.

Net benefit cost related to the SERP Plans was recognized in SG&A expenses in the Company’s Consolidated Income Statements as follows:

 
Thirteen Weeks Ended
 
Twenty-Six Weeks Ended
(In millions)
7/30/17
 
7/31/16
 
7/30/17
 
7/31/16
 
 
 
 
 
 
 
 
Service cost, including plan expenses    
$
1.1

 
$
0.9

 
$
2.3

 
$
2.2

Interest cost    
0.9

 
0.9

 
1.9

 
1.9

Total    
$
2.0

 
$
1.8

 
$
4.2

 
$
4.1


Net benefit cost related to the Postretirement Plans was immaterial for the thirteen and twenty-six weeks ended July 30, 2017 and July 31, 2016.