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Benefit Plans
9 Months Ended
Nov. 03, 2018
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]  
Benefit Plans
Benefit Plans
The Company has defined contribution plans which cover substantially all employees who work 1,000 hours or more in a year. In addition, the Company has a funded defined benefit plan ("Pension Plan") and an unfunded defined benefit supplementary retirement plan ("SERP"), which provides benefits, for certain employees, in excess of qualified plan limitations. Effective January 1, 2012, the Pension Plan was closed to new participants, with limited exceptions, and effective January 2, 2012, the SERP was closed to new participants.
In February 2013, the Company announced changes to the Pension Plan and SERP whereby eligible employees no longer earn future pension service credits after December 31, 2013, with limited exceptions. All retirement benefits attributable to service in subsequent periods are provided through defined contribution plans.
In addition, certain retired employees currently are provided with specified health care and life insurance benefits ("Postretirement Obligations"). Eligibility requirements for such benefits vary, but generally state that benefits are available to eligible employees who were hired prior to a certain date and retire after a certain age with specified years of service. Certain employees are subject to having such benefits modified or terminated.
The defined contribution plan expense and actuarially determined components of the net periodic benefit cost (income) associated with the defined benefit plans are as follows:
 
13 Weeks Ended
 
39 Weeks Ended
 
November 3, 2018
 
October 28, 2017
 
November 3, 2018
 
October 28, 2017
 
(millions)
 
(millions)
401(k) Qualified Defined Contribution Plan
$
24

 
$
20

 
$
71

 
$
65

 
 
 
 
 
 
 
 
Non-Qualified Defined Contribution Plan
$

 
$

 
$
1

 
$

 
 
 
 
 
 
 
 
Pension Plan
 
 
 
 
 
 
 
Service cost
$
1

 
$
1

 
$
4

 
$
4

Interest cost
28

 
25

 
81

 
79

Expected return on assets
(51
)
 
(55
)
 
(157
)
 
(168
)
Recognition of net actuarial loss
7

 
8

 
23

 
24

Amortization of prior service credit

 

 

 

 
$
(15
)
 
$
(21
)
 
$
(49
)
 
$
(61
)
Supplementary Retirement Plan
 
 
 
 
 
 
 
Service cost
$

 
$

 
$

 
$

Interest cost
6

 
6

 
17

 
17

Recognition of net actuarial loss
2

 
2

 
6

 
6

Amortization of prior service cost

 

 

 

 
$
8

 
$
8

 
$
23

 
$
23

 
 
 
 
 
 
 
 
Total Retirement Expense
$
17

 
$
7

 
$
46

 
$
27

 
 
 
 
 
 
 
 
Postretirement Obligations
 
 
 
 
 
 
 
Service cost
$

 
$

 
$

 
$

Interest cost
1

 
1

 
3

 
4

Recognition of net actuarial gain
(2
)
 
(2
)
 
(4
)
 
(4
)
Amortization of prior service credit

 

 

 

 
$
(1
)
 
$
(1
)
 
$
(1
)
 
$



For the 13 and 39 weeks ended November 3, 2018, the Company incurred non-cash settlement charges of $23 million and $73 million, respectively, related to the Company's defined benefit plans. For the 13 and 39 weeks ended October 28, 2017, the Company incurred non-cash settlement charges of $22 million and $73 million, respectively. These charges relate to the pro-rata recognition of net actuarial losses and are the result of an increase in lump sum distributions primarily associated with retiree distribution elections and restructuring activity.