Postretirement Benefits

12 Months Ended

Feb. 02, 2013

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Postretirement Benefits

POSTRETIREMENT BENEFITS

We have an unfunded defined benefit Supplemental Executive Retirement Plan ("SERP"), which provides retirement benefits to certain officers and select employees. The SERP has different benefit levels depending on the participant's role in the company. At the end of 2012, we had 59 participants in the plan, including 32 officers and select employees eligible for SERP benefits, 26 retirees and 1 beneficiary. This plan is non-qualified and does not have a minimum funding requirement.

Benefit Obligations and Funded Status

	February 2, 2013			January 28, 2012
Change in benefit obligation:
Benefit obligation at beginning of year		$152			$122
Participant service cost	4			3
Interest cost	7			7
Benefits paid	(5		)	(5		)
Actuarial loss	9			25
Benefit obligation at end of year	167			152
Change in plan assets:
Fair value of plan assets at beginning of year	—			—
Employer contribution	5			5
Benefits paid	(5		)	(5		)
Fair value of plan assets at end of year	—			—
Underfunded status at end of year		($167	)		($152	)

The accumulated benefit obligation, which is the present value of benefits, assuming no future compensation changes, was $158 and $144 at the end of 2012 and 2011.

Amounts recognized as liabilities in the consolidated balance sheets consist of the following:

	February 2, 2013		January 28, 2012
Current liabilities		$6		$6
Noncurrent liabilities	161		146
Net amount recognized		$167		$152

Components of SERP Expense

The components of SERP expense recognized in the consolidated statements of earnings are as follows:

Fiscal year	2012		2011		2010
Participant service cost		$4		$3		$2
Interest cost	7		7		6
Amortization of net loss	7		4		2
Total SERP expense		$18		$14		$10

Amounts not yet reflected in SERP expense and included in accumulated other comprehensive loss (pre-tax) consist of the following:

	February 2, 2013			January 28, 2012
Accumulated loss		($60	)		($58	)
Prior service cost	(1		)	(1		)
Total accumulated other comprehensive loss		($61	)		($59	)

In 2013, we expect $8 of costs currently in accumulated other comprehensive loss to be recognized as components of SERP expense.

Assumptions

Weighted-average assumptions used to determine our benefit obligation and SERP expense are as follows:

Fiscal year	2012		2011		2010
Assumptions used to determine benefit obligation:
Discount rate	4.30	%	4.50	%	5.60	%
Rate of compensation increase	3.00	%	3.00	%	3.00	%
Assumptions used to determine SERP expense:
Discount rate	4.50	%	5.60	%	5.95	%
Rate of compensation increase	3.00	%	3.00	%	3.00	%

Future Benefit Payments and Contributions

As of February 2, 2013, the expected future benefit payments based upon the assumptions described above and including benefits attributable to estimated future employee service are as follows:

Fiscal year
2013		$6
2014	7
2015	8
2016	9
2017	9
2018 – 2022	53

In 2013, we expect to make contributions and pay benefits of $6.