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Postretirement Health Care and Life Insurance Benefits (Tables) (Other Postretirement Benefit Plan [Member])
12 Months Ended
Jan. 31, 2015
Other Postretirement Benefit Plan [Member]
 
Reconciliation of Benefit Obligations, Plan Assets, and Funded Status Pension Plan
The following provides a reconciliation of benefit obligations, plan assets, and funded status of the postretirement obligations as of January 31, 2015 and February 1, 2014:
 
 
2014
 
2013
 
(millions)
Change in accumulated postretirement benefit obligation
 
 
 
Accumulated postretirement benefit obligation, beginning of year
$
223

 
$
250

Service cost

 

Interest cost
10

 
10

Actuarial (gain) loss
30

 
(15
)
Medicare Part D subsidy
1

 
1

Benefits paid
(21
)
 
(23
)
Accumulated postretirement benefit obligation, end of year
243

 
223

Change in plan assets
 
 
 
Fair value of plan assets, beginning of year

 

Company contributions
21

 
23

Benefits paid
(21
)
 
(23
)
Fair value of plan assets, end of year

 

Funded status at end of year
$
(243
)
 
$
(223
)
Amounts recognized in the Consolidated Balance Sheets at
January 31, 2015 and February 1, 2014
 
 
 
Accounts payable and accrued liabilities
$
(22
)
 
$
(26
)
Other liabilities
(221
)
 
(197
)
 
$
(243
)
 
$
(223
)
Amounts recognized in accumulated other comprehensive loss at
January 31, 2015 and February 1, 2014
 
 
 
Net actuarial gain
$

 
$
(35
)
Schedule of Net Periodic Benefit Costs
Net postretirement benefit costs and other amounts recognized in other comprehensive loss included the following actuarially determined components:
 
 
2014
 
2013
 
2012
 
(millions)
Net Periodic Postretirement Benefit Cost
 
 
 
 
 
Service cost
$

 
$

 
$

Interest cost
10

 
10

 
12

Amortization of net actuarial gain
(5
)
 
(3
)
 
(4
)
Amortization of prior service cost

 

 

 
5

 
7

 
8

Other Changes in Plan Assets and Projected Benefit Obligation
Recognized in Other Comprehensive Loss
 
 
 
 
 
Net actuarial (gain) loss
30

 
(15
)
 
(4
)
Amortization of net actuarial gain
5

 
3

 
4

Amortization of prior service cost

 

 

 
35

 
(12
)
 

Total recognized in net periodic postretirement benefit cost and other
   comprehensive loss
$
40

 
$
(5
)
 
$
8


Weighted Average Assumptions
The following weighted average assumption was used to determine the net postretirement benefit costs for the postretirement obligations:
 
 
2014
 
2013
 
2012
Discount rate
4.50
%
 
4.15
%
 
4.65
%
The following weighted average assumption was used to determine the accumulated postretirement benefit obligations at January 31, 2015 and February 1, 2014:
 
 
2014
 
2013
Discount rate
3.55
%
 
4.50
%
Schedule of Health Care Cost Trend Rates
The following provides the assumed health care cost trend rates related to the Company’s accumulated postretirement benefit obligations at January 31, 2015 and February 1, 2014:
 
 
2014
 
2013
Health care cost trend rates assumed for next year
7.27% - 8.90%
 
7.27% - 9.20%
Rates to which the cost trend rate is assumed to decline (the ultimate trend rate)
5.0%
 
5.0%
Year that the rate reaches the ultimate trend rate
2025
 
2025
Schedule Of Effect Of One Percentage Point Change In Assumed Health Care Cost Trend Rates
A one-percentage-point change in the assumed health care cost trend rates would have the following effects:
 
 
1 – Percentage
Point Increase
 
1 – Percentage
Point Decrease
 
(millions)
Effect on total of service and interest cost
$—
 
$—
Effect on accumulated postretirement benefit obligations
$17
 
$(15)
Estimated Future Benefit Payments
The following table reflects the benefit payments estimated to be funded by the Company and paid from the accumulated postretirement benefit obligations and estimated federal subsidies expected to be received under the Medicare Prescription Drug Improvement and Modernization Act of 2003:
 
 
Expected
Benefit
Payments
 
Expected
Federal
Subsidy
 
(millions)
Fiscal Year
 
 
 
2015
$
21

 
$
1

2016
20

 
1

2017
19

 
1

2018
19

 
1

2019
18

 
1

2020-2024
79

 
3