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Benefit Plans
6 Months Ended
Aug. 01, 2020
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]  
Benefit Plans Benefit Plans
The Company has defined contribution plans which cover substantially all colleagues 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 colleagues, 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 colleagues 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 colleagues 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 colleagues who were hired prior to a certain date and retire after a certain age with specified years of service. Certain colleagues 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 Ended26 Weeks Ended
August 1, 2020August 3, 2019August 1, 2020August 3, 2019
(millions)(millions)
401(k) Qualified Defined Contribution Plan$19 $24 $32 $49 
Non-Qualified Defined Contribution Plan$ $1 $ $2 
Pension Plan
Service cost$2 $1 $3 $2 
Interest cost18 26 38 52 
Expected return on assets(46)(48)(92)(96)
Recognition of net actuarial loss10 7 20 14 
Amortization of prior service credit    
$(16)$(14)$(31)$(28)
Supplementary Retirement Plan
Service cost$ $ $ $ 
Interest cost4 6 8 12 
Recognition of net actuarial loss3 2 6 4 
Amortization of prior service cost    
$7 $8 $14 $16 
Total Retirement Expense
$10 $19 $15 $39 
Postretirement Obligations
Service cost$ $ $ $ 
Interest cost1 1 2 2 
Recognition of net actuarial gain(2)(2)(3)(3)
Amortization of prior service credit    
$(1)$(1)$(1)$(1)