XML 43 R44.htm IDEA: XBRL DOCUMENT v3.20.1
COMPANY- SPONSORED BENEFIT PLANS (Tables)
12 Months Ended
Feb. 01, 2020
COMPANY- SPONSORED BENEFIT PLANS  
Schedule of amounts recognized in AOCI (pre-tax)

Pension Benefits

Other Benefits

Total

 

    

2019

    

2018

    

2019

    

2018

    

2019

    

2018

 

Net actuarial loss (gain)

$

955

$

837

$

(109)

$

(130)

$

846

$

707

Prior service credit

 

 

 

(68)

 

(66)

 

(68)

 

(66)

Total

$

955

$

837

$

(177)

$

(196)

$

778

$

641

Schedule of amounts in AOCI expected to be recognized as components of net periodic pension or postretirement benefit costs in the next fiscal year (pre-tax)

    

Pension Benefits

    

Other Benefits

    

Total

 

2020

2020

2020

 

Net actuarial loss (gain)

$

35

$

(9)

$

26

Prior service credit

 

 

(12)

 

(12)

Total

$

35

$

(21)

$

14

Schedule of other changes recognized in other comprehensive income (loss) (pre-tax)

Pension Benefits

Other Benefits

Total

 

    

2019

    

2018

    

2017

    

2019

    

2018

    

2017

    

2019

    

2018

    

2017

 

Incurred net actuarial loss (gain)

$

179

$

(126)

$

322

$

9

$

(10)

$

(20)

$

188

$

(136)

$

302

Amortization of prior service credit

 

 

 

 

11

 

11

 

8

 

11

 

11

 

8

Amortization of net actuarial gain (loss)

 

(61)

 

(77)

 

(88)

 

12

 

10

 

11

 

(49)

 

(67)

 

(77)

Settlement recognition of net actuarial loss

(502)

(502)

Other

 

(1)

 

 

 

(12)

 

 

(28)

 

(13)

 

 

(28)

Total recognized in other comprehensive income (loss)

 

117

 

(203)

 

(268)

 

20

 

11

 

(29)

 

137

 

(192)

 

(297)

Total recognized in net periodic benefit cost and other comprehensive income (loss)

$

165

$

(127)

$

323

$

11

$

5

$

(30)

$

176

$

(122)

$

293

Schedule of change in benefit obligation, change in plan assets and the funded status of the plans recorded in the Consolidated Balance Sheets and net amounts recognized at the end of fiscal years

Pension Benefits

 

Qualified Plans

Non-Qualified Plans

Other Benefits

 

    

2019

    

2018

    

2019

    

2018

    

2019

    

2018

 

Change in benefit obligation:

Benefit obligation at beginning of fiscal year

$

2,994

$

3,235

$

298

$

328

$

200

$

202

Service cost

 

32

 

35

 

1

 

2

 

6

 

7

Interest cost

 

124

 

124

 

12

 

12

 

8

 

8

Plan participants’ contributions

 

 

 

 

 

13

 

13

Actuarial (gain) loss

 

545

 

(134)

 

41

 

(13)

 

9

 

(9)

Plan curtailments

(92)

(6)

Benefits paid

 

(180)

 

(174)

 

(21)

 

(24)

 

(26)

 

(21)

Other

 

3

 

 

(3)

 

(1)

 

(12)

 

Benefit obligation at end of fiscal year

$

3,518

$

2,994

$

328

$

298

$

198

$

200

Change in plan assets:

Fair value of plan assets at beginning of fiscal year

$

3,010

$

2,943

$

$

$

$

Actual return on plan assets

 

590

 

46

 

 

 

 

Employer contributions

 

 

185

 

21

 

25

 

13

 

8

Plan participants’ contributions

 

 

 

 

 

13

 

13

Benefits paid

 

(180)

 

(174)

 

(21)

 

(24)

 

(26)

 

(21)

Other

 

2

 

10

 

 

(1)

 

 

Fair value of plan assets at end of fiscal year

$

3,422

$

3,010

$

$

$

$

Funded status and net asset and liability recognized at end of fiscal year

$

(96)

$

16

$

(328)

$

(298)

$

(198)

$

(200)

Schedule of weighted-average assumptions used in determining the benefit obligation and net periodic benefit cost

Pension Benefits

Other Benefits

 

Weighted average assumptions

    

2019

    

2018

    

2017

    

2019

    

2018

    

2017

 

Discount rate — Benefit obligation

 

3.01

%  

4.23

%  

4.00

%  

2.97

%  

4.19

%  

3.93

%

Discount rate — Net periodic benefit cost

 

4.23

%  

4.00

%  

4.25

%

4.19

%  

3.93

%  

4.18

%

Expected long-term rate of return on plan assets

 

6.00

%  

5.90

%  

7.50

%

Rate of compensation increase — Net periodic benefit cost

 

3.04

%  

3.03

%  

3.07

%

Rate of compensation increase — Benefit obligation

 

3.03

%  

3.04

%  

3.03

%

Schedule of components of net periodic benefit cost

Pension Benefits

 

Qualified Plans

Non-Qualified Plans

Other Benefits

 

    

2019

    

2018

    

2017

    

2019

2018

    

2017

    

2019

    

2018

    

2017

 

Components of net periodic benefit cost:

Service cost

$

32

$

35

$

53

$

1

$

2

$

2

$

6

$

7

$

8

Interest cost

 

124

 

124

 

163

 

12

 

12

 

13

 

8

 

8

 

9

Expected return on plan assets

 

(182)

 

(174)

 

(233)

 

 

 

 

 

 

Amortization of:

Prior service credit

 

 

 

 

 

 

 

(11)

 

(11)

 

(8)

Actuarial (gain) loss

 

55

 

69

 

79

 

6

 

8

 

9

 

(12)

 

(10)

 

(11)

Settlement loss recognized

502

Other

 

 

 

 

 

3

 

 

 

1

Net periodic benefit cost

$

29

$

54

$

564

$

19

$

22

$

27

$

(9)

$

(6)

$

(1)

Schedule of projected benefit obligation ("PBO"), accumulated benefit obligation ("ABO") and the fair value of plan assets for all Company-sponsored pension plans

Qualified Plans

Non-Qualified Plans

 

    

2019

    

2018

    

2019

    

2018

 

PBO at end of fiscal year

$

3,272

$

295

$

328

$

298

ABO at end of fiscal year

$

3,271

$

293

$

328

$

291

Fair value of plan assets at end of year

$

3,157

$

263

$

$

Schedule of estimated future benefit payments for defined benefit pension plans and other benefits

Pension

Other

 

Benefits

Benefits

 

2020

$

208

$

12

2021

$

215

$

12

2022

$

224

$

13

2023

$

213

$

13

2024

$

217

$

13

2025 —2029

$

1,104

$

69

Schedule of weighted average target and actual pension plan asset allocations

Actual

 

Target allocations

 Allocations

 

    

2019

    

2019

    

2018

 

Pension plan asset allocation

Global equity securities

 

2.0

%  

4.3

%  

4.2

%

Emerging market equity securities

 

1.0

2.3

2.3

Investment grade debt securities

 

80.0

77.8

73.2

High yield debt securities

 

4.0

2.9

3.5

Private equity

 

10.0

8.1

9.5

Hedge funds

 

2.8

4.5

Real estate

 

3.0

1.8

2.8

Total

 

100.0

%  

100.0

%  

100.0

%

Schedule of effects of one-percentage-point change in assumed health care cost trend rates

    

1% Point

    

1% Point

 

 Increase

 Decrease

 

Effect on total of service and interest cost components

$

2

$

(1)

Effect on postretirement benefit obligation

$

22

$

(18)

Schedule of fair values of defined benefit pension plan assets

Assets at Fair Value as of February 1, 2020

Quoted Prices in

Significant

 

Active Markets for

Significant Other

Unobservable

Assets

 

Identical Assets

Observable Inputs

Inputs

Measured

 

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

at NAV

    

Total

 

Cash and cash equivalents

$

186

$

$

$

$

186

Corporate Stocks

 

78

 

 

 

 

78

Corporate Bonds

 

 

1,157

 

 

 

1,157

U.S. Government Securities

 

 

194

 

 

 

194

Mutual Funds

 

305

 

 

 

 

305

Collective Trusts

 

 

 

 

945

 

945

Hedge Funds

 

 

 

43

 

51

 

94

Private Equity

 

 

 

 

275

 

275

Real Estate

 

 

 

43

 

17

 

60

Other

 

 

128

 

 

 

128

Total

$

569

$

1,479

$

86

$

1,288

$

3,422

Assets at Fair Value as of February 2, 2019

Quoted Prices in

Significant

 

Active Markets for

Significant Other

Unobservable

Assets

 

Identical Assets

Observable Inputs

Inputs

Measured

 

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

at NAV

    

Total

 

Cash and cash equivalents

$

126

$

$

$

$

126

Corporate Stocks

 

66

 

 

 

 

66

Corporate Bonds

 

 

896

 

 

 

896

U.S. Government Securities

 

 

240

 

 

 

240

Mutual Funds

 

257

 

 

 

 

257

Collective Trusts

 

 

 

 

805

 

805

Hedge Funds

 

 

 

49

 

85

 

134

Private Equity

 

 

 

 

285

 

285

Real Estate

 

 

 

67

 

19

 

86

Other

 

 

115

 

 

 

115

Total

$

449

$

1,251

$

116

$

1,194

$

3,010

Schedule of reconciliation of beginning and ending balances for measurements using significant unobservable inputs (Level 3)

    

Hedge Funds

    

Real Estate

Ending balance, February 3, 2018

$

56

 

68

Contributions into Fund

 

 

9

Realized gains

 

1

 

12

Unrealized losses

 

4

 

(5)

Distributions

 

(16)

 

(15)

Other

4

 

(2)

Ending balance, February 2, 2019

 

49

 

67

Contributions into Fund

 

2

 

3

Realized gains

 

(2)

 

23

Unrealized gains

 

 

(17)

Distributions

 

(11)

 

(33)

Other

 

5

 

Ending balance, February 1, 2020

$

43

$

43