Note 10 - Pension

6 Months Ended

Jul. 29, 2023

Notes to Financial Statements

Retirement Benefits [Text Block]

10. Pension

The components of net periodic pension benefit expense are presented in the table below. Service cost is recognized as part of SG&A expense, while the other components are recognized as part of Other income / (expense), net.

	Thirteen weeks ended						Twenty-six weeks ended
	July 29,			July 30,			July 29,			July 30,
($ in millions)	2023			2022			2023			2022
Service cost	$	2		$	3		$	3		$	7
Interest cost		7			5			13			10
Expected return on plan assets		(8	)		(7	)		(15	)		(15	)
Amortization of net loss		3			3			6			5
Net benefit expense	$	4		$	4		$	7		$	7