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Pension and Postretirement Plans
 3 Months Ended
May 02, 2015
Compensation and Retirement Disclosure [Abstract]  
Pension and Postretirement Plans
9. Pension and Postretirement Plans
 
The Company has defined benefit pension plans covering certain of its North American employees, which are funded in accordance with the provisions of the laws where the plans are in effect. In addition, the Company has a defined benefit pension plan covering certain individuals of the Runners Point Group.
 
In addition to providing pension benefits, the Company sponsors postretirement medical and life insurance plans, which are available to most of its retired U.S. employees. These medical and life insurance plans are contributory and are not funded.
 
The following are the components of net periodic pension benefit cost and net periodic postretirement benefit income, which is recognized as part of SG&A expense:
 
 
 
Pension
 
Postretirement
 
 
 
Benefits
 
Benefits
 
 
 
May 2,
 
May 3,
 
May 2,
 
May 3,
 
 
 
2015
 
2014
 
2015
 
2014
 
 
 
(in millions)
 
Service cost
 
$
4
 
$
4
 
$
—
 
$
—
 
Interest cost
 
 
6
 
 
7
 
 
—
 
 
—
 
Expected return on plan assets
 
 
(9)
 
 
(10)
 
 
—
 
 
—
 
Amortization of net loss (gain)
 
 
3
 
 
4
 
 
—
 
 
(1)
 
Net benefit expense (income)
 
$
4
 
$
5
 
$
—
 
$
(1)
 
 
No contributions were made to the plans during the thirteen weeks ended May 2, 2015. The Company continually evaluates the amount and timing of any future contributions. The Company currently does not expect to contribute to the U.S. or Canadian qualified plans during the current year. Additional contributions will depend on the plan asset performance and other factors.