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Pension and Postretirement Plans
 3 Months Ended
May 03, 2014
Compensation And Retirement Disclosure [Abstract]  
Pension and Postretirement Plans
8. Pension and Postretirement Plans
 
The Company has defined benefit pension plans covering certain of its North American employees, which are funded in accordance with the provisions of the laws where the plans are in effect. In addition to providing pension benefits, the Company sponsors postretirement medical and life insurance plans, which are available to most of its retired U.S. employees. These medical and life insurance plans are contributory and are not funded.
 
The following are the components of net periodic pension benefit cost and net periodic postretirement benefit income, which is recognized as part of SG&A expense:
 
 
 
Pension
 
Postretirement
 
 
 
Benefits
 
Benefits
 
 
 
May 3,
 
May 4,
 
May 3,
 
May 4,
 
(in millions)
 
2014
 
2013
 
2014
 
2013
 
Service cost
 
$
4
 
$
4
 
$
—
 
$
—
 
Interest cost
 
 
7
 
 
6
 
 
—
 
 
—
 
Expected return on plan assets
 
 
(10)
 
 
(10)
 
 
—
 
 
—
 
Amortization of net loss (gain)
 
 
4
 
 
4
 
 
(1)
 
 
(1)
 
Net benefit expense (income)
 
$
5
 
$
4
 
$
(1)
 
$
(1)
 
 
During the first quarter of 2014, the Company made a $2 million contribution to the Canadian qualified plan. The Company continually evaluates the amount and timing of any future contributions. Additional contributions will depend on the plan asset performance and other factors.