Retirement Plans (Tables)

12 Months Ended

Feb. 02, 2013

Pension Plan [Member]

Reconciliation of Benefit Obligations, Plan Assets, and Funded Status Pension Plan

The following provides a reconciliation of benefit obligations, plan assets, and funded status of the Pension Plan as of February 2, 2013 and January 28, 2012:

	2012			2011
	(millions)
Change in projected benefit obligation
Projected benefit obligation, beginning of year	$	3,458		$	3,024
Service cost	117			102
Interest cost	157			160
Actuarial loss	283			375
Benefits paid	(206		)	(203		)
Actuarial gain due to curtailment	(254		)	—
Projected benefit obligation, end of year	3,555			3,458
Changes in plan assets
Fair value of plan assets, beginning of year	3,069			2,804
Actual return on plan assets	374			93
Company contributions	150			375
Benefits paid	(206		)	(203		)
Fair value of plan assets, end of year	3,387			3,069
Funded status at end of year	$	(168	)	$	(389	)
Amounts recognized in the Consolidated Balance Sheets at February 2, 2013 and January 28, 2012
Other liabilities	$	(168	)	$	(389	)
Amounts recognized in accumulated other comprehensive loss at February 2, 2013 and January 28, 2012
Net actuarial loss	$	1,326		$	1,558
Prior service credit	—			(1		)
	$	1,326		$	1,557

Schedule of Net Periodic Benefit Costs

Net pension costs and other amounts recognized in other comprehensive loss for the Pension Plan included the following actuarially determined components:

	2012			2011			2010
	(millions)
Net Periodic Pension Cost
Service cost	$	117		$	102		$	99
Interest cost	157			160			158
Expected return on assets	(253		)	(248		)	(218		)
Amortization of net actuarial loss	141			88			61
Amortization of prior service credit	(1		)	(1		)	(1		)
	161			101			99
Other Changes in Plan Assets and Projected Benefit Obligation Recognized in Other Comprehensive Loss
Net actuarial (gain) loss	(91		)	530			(9		)
Amortization of net actuarial loss	(141		)	(88		)	(61		)
Amortization of prior service credit	1			1			1
	(231		)	443			(69		)
Total recognized in net periodic pension cost and other comprehensive loss	$	(70	)	$	544		$	30

Weighted Average Assumptions

The following weighted average assumptions were used to determine the net periodic pension cost for the Pension Plan:

	2012		2011		2010
Discount rate	4.65	%	5.40	%	5.65	%
Expected long-term return on plan assets	8.00	%	8.00	%	8.75	%
Rate of compensation increases	4.50	%	4.50	%	4.50	%

The following weighted average assumptions were used to determine the projected benefit obligations for the Pension Plan at February 2, 2013 and January 28, 2012:

	2012		2011
Discount rate	4.15	%	4.65	%
Rate of compensation increases	4.50	%	4.50	%

Fair Values of Plan Assets

The fair values of the Pension Plan assets as of February 2, 2013, excluding interest and dividend receivables and pending investment purchases and sales, by asset category are as follows:

	Fair Value Measurements
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(millions)
Cash and cash equivalents	$	204	$	—	$	204	$	—
Equity securities:
U.S.	832		290		542		—
International	818		—		818		—
Fixed income securities:
U. S. Treasury bonds	136		—		136		—
Other Government bonds	34		—		34		—
Agency backed bonds	6		—		6		—
Corporate bonds	338		—		338		—
Mortgage-backed securities and forwards	102		—		102		—
Asset-backed securities	24		—		24		—
Pooled funds	303		—		303		—
Other types of investments:
Real estate	280		—		—		280
Hedge funds	154		—		—		154
Private equity	160		—		—		160
Total	$	3,391	$	290	$	2,507	$	594

The fair values of the Pension Plan assets as of January 28, 2012, excluding interest and dividend receivables and pending investment purchases and sales, by asset category are as follows:

	Fair Value Measurements
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(millions)
Cash and cash equivalents	$	240	$	—	$	240	$	—
Equity securities:
U.S.	805		251		554		—
International	648		—		648		—
Fixed income securities:
U. S. Treasury bonds	128		—		128		—
Other Government bonds	31		—		31		—
Agency backed bonds	5		—		5		—
Corporate bonds	310		—		310		—
Mortgage-backed securities and forwards	112		—		112		—
Asset-backed securities	21		—		21		—
Pooled funds	266		—		266		—
Other types of investments:
Real estate	228		—		—		228
Hedge funds	143		—		—		143
Private equity	162		—		—		162
Total	$	3,099	$	251	$	2,315	$	533

Changes in Fair Value of Level 3 Assets

The following table sets forth a summary of changes in fair value of the Pension Plan’s level 3 assets for 2012 and 2011:

	2012			2011
	(millions)
Balance, beginning of year	$	533		$	488
Actual gain on plan assets:
Relating to assets still held at the reporting date	7			9
Relating to assets sold during the period	23			22
Purchases	71			48
Sales	(40		)	(34		)
Balance, end of year	$	594		$	533

Estimated Future Benefit Payments

The following benefit payments are estimated to be paid from the Pension Plan:

	(millions)
Fiscal year
2013	$	255
2014	248
2015	245
2016	242
2017	238
2018-2022	1,121

Supplementary Retirement Plan [Member]

Reconciliation of Benefit Obligations, Plan Assets, and Funded Status Pension Plan

The following provides a reconciliation of benefit obligations, plan assets and funded status of the supplementary retirement plan as of February 2, 2013 and January 28, 2012:

	2012			2011
	(millions)
Change in projected benefit obligation
Projected benefit obligation, beginning of year	$	771		$	688
Service cost	6			6
Interest cost	35			36
Actuarial loss	76			90
Benefits paid	(51		)	(49		)
Actuarial gain due to curtailment	(42		)	—
Projected benefit obligation, end of year	795			771
Change in plan assets
Fair value of plan assets, beginning of year	—			—
Company contributions	51			49
Benefits paid	(51		)	(49		)
Fair value of plan assets, end of year	—			—
Funded status at end of year	$	(795	)	$	(771	)
Amounts recognized in the Consolidated Balance Sheets at February 2, 2013 and January 28, 2012
Accounts payable and accrued liabilities	$	(58	)	$	(55	)
Other liabilities	(737		)	(716		)
	$	(795	)	$	(771	)
Amounts recognized in accumulated other comprehensive loss at February 2, 2013 and January 28, 2012
Net actuarial loss	$	212		$	195
Prior service credit	—			(1		)
	$	212		$	194

Schedule of Net Periodic Benefit Costs

Net pension costs and other amounts recognized in other comprehensive loss for the supplementary retirement plan included the following actuarially determined components:

	2012			2011			2010
	(millions)
Net Periodic Pension Cost
Service cost	$	6		$	6		$	6
Interest cost	35			36			37
Amortization of net actuarial loss	17			8			3
Amortization of prior service credit	(1		)	(1		)	(1		)
	57			49			45
Other Changes in Plan Assets and Projected Benefit Obligation Recognized in Other Comprehensive Loss
Net actuarial loss	34			90			22
Amortization of net actuarial loss	(17		)	(8		)	(3		)
Amortization of prior service credit	1			1			1
	18			83			20
Total recognized in net periodic pension cost and other comprehensive loss	$	75		$	132		$	65

Weighted Average Assumptions

The following weighted average assumptions were used to determine the projected benefit obligations for the supplementary retirement plan at February 2, 2013 and January 28, 2012:

	2012		2011
Discount rate	4.15	%	4.65	%
Rate of compensation increases	4.90	%	4.90	%

The following weighted average assumptions were used to determine net pension costs for the supplementary retirement plan:

	2012		2011		2010
Discount rate	4.65	%	5.40	%	5.65	%
Rate of compensation increases	4.90	%	4.90	%	4.90	%

Estimated Future Benefit Payments

The following benefit payments are estimated to be funded by the Company and paid from the supplementary retirement plan:

	(millions)
Fiscal year
2013	$	58
2014	61
2015	61
2016	64
2017	58
2018-2022	262