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Pension, Postretirement Health Care and Other Benefits
 3 Months Ended
May 03, 2014
Compensation and Retirement Disclosure [Abstract]  
Pension, Postretirement Health Care and Other Benefits
Pension, Postretirement Health Care and Other Benefits
 
Pension and Postretirement Health Care Benefits
 
We provide qualified defined benefit pension plans, unfunded nonqualified pension plans and provide certain postretirement health care benefits to eligible team members.
Net Pension and Postretirement
Health Care Benefits Expense
Pension Benefits
 
Postretirement Health Care Benefits
 
Three Months Ended
 
Three Months Ended
(millions)
May 3,
2014

 
May 4,
2013

 
May 3,
2014

 
May 4,
2013

Service cost
$
28

 
$
30

 
$
1

 
$
2

Interest cost
38

 
35

 
1

 
—

Expected return on assets
(58
)
 
(59
)
 
—

 
—

Amortization of losses
16

 
25

 
1

 
1

Amortization of prior service cost
(3
)
 
(3
)
 
(4
)
 
(4
)
Total
$
21

 
$
28

 
$
(1
)
 
$
(1
)

 
Other Benefits
 
We offer unfunded nonqualified deferred compensation plans to certain team members. We mitigate some of our risk of these plans through investing in vehicles, including company-owned life insurance and prepaid forward contracts in our own common stock, that offset a substantial portion of our economic exposure to the returns of these plans. These investment vehicles are general corporate assets and are marked to market with the related gains and losses recognized in the Consolidated Statements of Operations in the period they occur.
 
The total change in fair value for contracts indexed to our own common stock recognized in earnings was a pretax income of $7 million and $11 million for the three months ended May 3, 2014 and May 4, 2013, respectively. For the three months ended May 3, 2014 and May 4, 2013, we made no investments in prepaid forward contracts in our own common stock. Adjusting our position in these investment vehicles may involve repurchasing shares of Target common stock when settling the forward contracts as described in Note 7. The settlement dates of these instruments are regularly renegotiated with the counterparty.
 
Prepaid Forward Contracts on Target Common Stock
May 3,
2014

 
February 1,
2014

 
May 4,
2013

(millions, except per share data)
 
 
Number of Shares
1.3

 
1.3

 
1.0

Contractual Price Paid per Share
$
48.81

 
$
48.81

 
$
45.07

Fair Value
$
80

 
$
73

 
$
74

Total Cash Investment
$
63

 
$
63

 
$
47