Retirement and Other Benefit Plans

6 Months Ended

Aug. 03, 2024

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 expense (income) for the Company, including the domestic and Canadian plans:

	Pension Benefits				Other Postretirement Benefits
	Thirteen Weeks Ended				Thirteen Weeks Ended
($ thousands)	August 3, 2024		July 29, 2023		August 3, 2024		July 29, 2023
Service cost	$	1,274	$	1,253	$	—	$	—
Interest cost		3,787		3,655		10		12
Expected return on assets		(6,055)		(6,104)		—		—
Amortization of:
Actuarial loss (gain)		1,485		883		(26)		(27)
Prior service cost (income)		—		(35)		—		—
Total net periodic benefit expense (income)	$	491	$	(348)	$	(16)	$	(15)

	Pension Benefits				Other Postretirement Benefits
	Twenty-Six Weeks Ended				Twenty-Six Weeks Ended
($ thousands)	August 3, 2024		July 29, 2023		August 3, 2024		July 29, 2023
Service cost	$	2,466	$	2,511	$	—	$	—
Interest cost		7,519		7,270		23		24
Expected return on assets		(12,131)		(12,178)		—		—
Amortization of:
Actuarial loss (gain)		3,024		1,894		(54)		(55)
Prior service cost (income)		24		(63)		—		—
Total net periodic benefit expense (income)	$	902	$	(566)	$	(31)	$	(31)

Service cost is included in selling and administrative expenses.  All other components of net periodic benefit expense (income) are included in other income, net in the condensed consolidated statements of earnings.