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Benefit Plans
12 Months Ended
Feb. 02, 2013
Compensation and Retirement Disclosure [Abstract]  
Benefit Plans
Benefit Plans
We have an Employee Stock Ownership Plan (“ESOP”) for the benefit of a group of our non-management associates. Contributions are made at the discretion of the Board of Directors. ESOP expenses totaled $13 million for 2012, $21 million for 2011 and $20 million for 2010. Shares of our stock held by the ESOP are included as shares outstanding for purposes of the net income per share computations.
We also have a defined contribution savings plan covering all full-time and certain part-time associates. Participants in this plan may invest up to 100% of their base compensation, subject to certain statutory limits. We match 100% of the first 5% of each participant’s contribution. Defined contribution plan expense, net of forfeitures, was $39 million for 2012, $36 million for 2011 and $34 million for 2010.
We also offer a non-qualified deferred compensation plan to a group of executives which provides for pre-tax compensation deferrals up to 100% of salary and/or bonus. Deferrals and credited investment returns are 100% vested. The expense for 2012, 2011, and 2010 was immaterial.