Note 10 - Pension

9 Months Ended

Oct. 28, 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						Thirty-nine weeks ended
	October 28,			October 29,			October 28,			October 29,
($ in millions)	2023			2022			2023			2022
Service cost	$	2		$	4		$	5		$	11
Interest cost		7			5			20			15
Expected return on plan assets		(7	)		(8	)		(22	)		(23	)
Amortization of net loss		2			3			8			8
Net benefit expense	$	4		$	4		$	11		$	11