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SERP (Tables)
 12 Months Ended
Feb. 03, 2024
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Benefit Obligation And Funded Status
Our benefit obligation and funded status is as follows:
February 3, 2024January 28, 2023
Change in benefit obligation:
Benefit obligation at beginning of year$176 $212 
Participant service cost1 2 
Interest cost9 6 
Benefits paid(11)(10)
Actuarial gain(7)(34)
Benefit obligation at end of year168 176 
Change in plan assets:
Fair value of plan assets at beginning of year— — 
Employer contribution11 10 
Benefits paid(11)(10)
Fair value of plan assets at end of year— — 
Underfunded status at end of year($168)($176)
Amounts Recognized As Liabilities In The Consolidated Balance Sheets Amounts recognized as liabilities in the Consolidated Balance Sheets consist of the following:
February 3, 2024January 28, 2023
Accrued salaries, wages and related benefits
$12 $11 
Other liabilities (noncurrent)156 165 
Net amount recognized$168 $176 
Components Of SERP Expense Recognized In The Consolidated Statements Of Earnings
The components of SERP expense recognized in SG&A expense on the Consolidated Statements of Earnings are as follows:
Fiscal year202320222021
Participant service cost$1 $2 $2 
Interest cost9 6 5 
Amortization of net loss and other— 4 8 
Total SERP expense$10 $12 $15 
Amounts Recognized In Accumulated Other Comprehensive Loss (Pre-Tax)
Amounts recognized in accumulated other comprehensive gain (loss) (pre-tax) consist of the following:
Fiscal year202320222021
Actuarial gain($7)($34)($14)
Amortization of net loss and other— (4)(8)
Amounts recognized in accumulated other comprehensive gain (loss)($7)($38)($22)
Weighted-Average Assumptions Used To Determine Benefit Obligations And SERP Expense
Weighted-average assumptions used to determine our benefit obligation and SERP expense are as follows:
Fiscal year202320222021
Assumptions used to determine benefit obligation:
Discount rate5.27 %4.95 %3.19 %
Rate of compensation increase2.50 %2.50 %2.50 %
Assumptions used to determine SERP expense:
Discount rate4.95 %3.19 %2.62 %
Rate of compensation increase2.50 %2.50 %2.50 %
Expected Future Benefit Payments Including Benefits Attributable To Estimated Future Employee Service
As of February 3, 2024, 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
2024$12 
202512 
202613 
202713 
202813 
2029 – 203361 
Thereafter44