Pension and Postretirement Plans

6 Months Ended

Aug. 01, 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 Benefits								Postretirement Benefits
	Thirteen weeks				Twenty-six weeks				Thirteen weeks				Twenty-six weeks
	ended				ended				ended				ended
	August 1,		August 2,		August 1,		August 2,		August 1,		August 2,		August 1,		August 2,
($ in millions)	2015		2014		2015		2014		2015		2014		2015		2014
Service cost	$	4	$	4	$	8	$	8	$	—	$	—	$	—	$	—
Interest cost		6		7		12		14		1		—		1		—
Expected return on plan assets		(10)		(9)		(19)		(19)		—		—		—		—
Amortization of net loss (gain)		4		3		7		7		(1)		—		(1)		(1)
Net benefit expense (income)	$	4	$	5	$	8	$	10	$	—	$	—	$	—	$	(1)

No contributions were made to the plans during the thirteen and twenty-six weeks ended August 1, 2015. The Company continually evaluates the amount and timing of any future contributions. During the third quarter of 2015, the Company contributed $4 million to the U.S. qualified plan. The Company currently does not expect any further pension plan contributions during the current year.