Pension and Postretirement Plans

9 Months Ended

Nov. 01, 2014

Compensation And Retirement Disclosure [Abstract]

Pension and Postretirement Plans

9. 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 Benefits								Postretirement Benefits
	Thirteen weeks				Thirty-nine weeks				Thirteen weeks				Thirty-nine weeks
	ended				ended				ended				ended
	November 1,		November 2,		November 1,		November 2,		November 1,		November 2,		November 1,		November 2,
(in millions)	2014		2013		2014		2013		2014		2013		2014		2013
Service cost	$	3	$	4	$	11	$	11	$	—	$	—	$	—	$	—
Interest cost		7		6		21		19		—		—		—		—
Expected return on
plan assets		(9)		(10)		(28)		(30)		—		—		—		—
Amortization of net
loss (gain)		5		4		12		12		(1)		(1)		(2)		(2)
Net benefit expense (income)	$	6	$	4	$	16	$	12	$	(1)	$	(1)	$	(2)	$	(2)

During the first quarters of both 2014 and 2013, the Company made contributions of $2 million to the Canadian qualified plan. No pension contributions to the U.S. qualified plan were made during the thirty-nine weeks ended November 1, 2014 and November 2, 2013. The Company continually evaluates the amount and timing of any future contributions. Additional contributions will depend on the plan asset performance and other factors.