Retirement and Other Benefit Plans

9 Months Ended

Oct. 29, 2022

Retirement and Other Benefit Plans

Retirement and Other Benefit Plans

Note 13  Retirement and Other Benefit Plans

The following table sets forth the components of net periodic benefit income for the Company, including the domestic and Canadian plans:

	Pension Benefits				Other Postretirement Benefits
	Thirteen Weeks Ended				Thirteen Weeks Ended
($ thousands)	October 29, 2022		October 30, 2021		October 29, 2022		October 30, 2021
Service cost	$	1,786	$	1,872	$	—	$	—
Interest cost		2,997		2,811		9		8
Expected return on assets		(6,997)		(7,108)		—		—
Amortization of:
Actuarial loss (gain)		779		601		(26)		(27)
Prior service income		(79)		(129)		—		—
Settlement cost		320		—		—		—
Total net periodic benefit income	$	(1,194)	$	(1,953)	$	(17)	$	(19)

	Pension Benefits				Other Postretirement Benefits
	Thirty-Nine Weeks Ended				Thirty-Nine Weeks Ended
($ thousands)	October 29, 2022		October 30, 2021		October 29, 2022		October 30, 2021
Service cost	$	5,358	$	5,615	$	—	$	—
Interest cost		8,994		8,430		27		28
Expected return on assets		(21,005)		(21,331)		—		—
Amortization of:
Actuarial loss (gain)		2,343		1,808		(78)		(82)
Prior service income		(237)		(386)		—		—
Settlement cost		320		—		—		—
Total net periodic benefit income	$	(4,227)	$	(5,864)	$	(51)	$	(54)

The non-service cost components of net periodic benefit income are included in other income, net in the condensed consolidated statements of earnings.  Service cost is included in selling and administrative expenses.