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Retirement Plans (Tables)
 12 Months Ended
Jan. 31, 2026
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]  
Schedule of Costs of Retirement Plans
Retirement expenses (income), excluding settlement charges, included the following components:
202520242023
(millions)
401(k) Qualified Defined Contribution Plan$88 $89 $85 
Non-Qualified Defined Contribution Plan1 1 1 
Pension Plan(39)(40)(38)
Supplementary Retirement Plan27 28 30 
Postretirement Obligations(4)(4)(3)
$73 $74 $75 
Schedule of Reconciliation of Benefit Obligations, Plan Assets, and Funded Status Pension Plan and SERP
The following provides a reconciliation of benefit obligations, plan assets and funded status of the Pension Plan and SERP as of January 31, 2026 and February 1, 2025:
Pension Plan SERP
2025202420252024
(millions)
Change in projected benefit obligation
Projected benefit obligation, beginning of year$1,391 $1,556 $425 $467 
Interest cost68 73 21 22 
Actuarial loss (gain)16 (57)9 (17)
Benefits paid(59)(58)(40)(47)
Settlement(189)(123)— — 
Projected benefit obligation, end of year1,227 1,391 415 425 
Changes in plan assets    
Fair value of plan assets, beginning of year1,881 2,011 — — 
Actual return on plan assets143 51 — — 
Company contributions— — 40 47 
Benefits paid(59)(58)(40)(47)
Settlement(189)(123)— — 
Fair value of plan assets, end of year1,776 1,881 — — 
Funded status at end of year$549 $490 $(415)$(425)
Amounts recognized in the Consolidated Balance Sheets at January 31, 2026 and February 1, 2025
    
Other assets$549 $490 $— $— 
Accounts payable and accrued liabilities— — (47)(43)
Other liabilities— — (368)(382)
$549 $490 $(415)$(425)
Amounts recognized in accumulated other comprehensive loss at January 31, 2026 and February 1, 2025
    
Net actuarial loss$434 $521 $130 $126 
Prior service cost— — 4 4 
$434 $521 $134 $130 
Schedule of Net Periodic Benefit Costs
Net pension costs, settlement charges and other amounts recognized in other comprehensive loss for the Pension Plan and SERP included the following actuarially determined components:
Pension Plan SERP
202520242023202520242023
(millions)
Net Periodic Pension Cost
Interest cost$68 $73 $83 $21 $22 $23 
Expected return on assets(111)(116)(125)— — — 
Amortization of net actuarial loss4 3 4 6 6 7 
(39)(40)(38)27 28 30 
      
Settlement charges67 46 134 — — — 
Other Changes in Plan Assets and Projected Benefit Obligation Recognized in Other Comprehensive Income (Loss)      
Net actuarial (gain) loss(16)7 (3)10 (17)(19)
Amortization of net actuarial loss(4)(3)(4)(6)(6)(7)
Settlement charges(67)(46)(134)— — — 
(87)(42)(141)4 (23)(26)
Total recognized$(59)$(36)$(45)$31 $5 $4 
Schedule of Weighted Average Assumptions
The following weighted average assumptions were used to determine the projected benefit obligations for the Pension Plan and SERP at January 31, 2026 and February 1, 2025:
Pension Plan SERP
2025202420252024
Discount rate5.23 %5.52 %5.28 %5.54 %
Rate of compensation increases3.00 %3.00 %— — 
Cash balance plan interest crediting rate5.00 %5.00 %— — 
The following weighted average assumptions were used to determine the net periodic pension cost for the Pension Plan and SERP:
Pension Plan SERP
202520242023202520242023
Discount rate used to measure service cost5.77 %5.24 %
4.88% - 6.27%
— — — 
Discount rate used to measure interest cost5.23 %4.98 %
4.72% - 5.96%
5.21 %4.96 %4.71 %
Expected long-term return on plan assets5.50 %5.30 %5.30 %— — — 
Rate of compensation increases3.00 %3.50 %3.50 %— — — 
Cash balance plan interest crediting rate5.00 %5.00 %5.00 %— — — 
Schedule of Fair Values of Plan Assets
The fair values of the Pension Plan assets as of January 31, 2026 and February 1, 2025, excluding interest and dividend receivables and pending investment purchases and sales, by asset category are as follows:
Fair Value Category20252024
(millions)
Money market fundsLevel 1$114 $154 
Equity securities:   
U.S. pooled fundsLevel 173 65 
International pooled fundsLevel 125 26 
Fixed income securities:   
U.S. Treasury bondsLevel 2101 36 
Other Government bondsLevel 256 55 
Agency backed bondsLevel 22 2 
Corporate bondsLevel 2856 1,080 
Mortgage-backed securitiesLevel 241 40 
Asset-backed securitiesLevel 22 1 
Pooled fundsLevel 181 39 
Other types of investments:   
Derivatives in a positive positionLevel 214 13 
Derivatives in a negative positionLevel 2(2)(3)
Pooled funds (a)304 273 
Real estate (a)7 12 
Private equity (a)74 81 
Total$1,748 $1,874 
(a)Certain investments that are measured at fair value using the net asset value per share as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in these tables are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the fair value of plan assets.
Schedule of Estimated Future Benefit Payments
The following benefit payments are estimated to be paid from the Pension Plan and from the SERP:
Pension PlanSERP
(millions)
Fiscal year
2026$133 $47 
2027131 39 
2028129 41 
2029124 38 
2030115 36 
2031-2035478 161