Pension and Postretirement Plans

9 Months Ended

Oct. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Pension and Postretirement Plans

10. 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				Thirty-nine weeks				Thirteen weeks				Thirty-nine weeks
	ended				ended				ended				ended
	October 31,		November 1,		October 31,		November 1,		October 31,		November 1,		October 31,		November 1,
($ in millions)	2015		2014		2015		2014		2015		2014		2015		2014
Service cost	$	5	$	3	$	13	$	11	$	—	$	—	$	—	$	—
Interest cost		6		7		18		21		—		—		1		—
Expected return on plan assets		(10)		(9)		(29)		(28)		—		—		—		—
Amortization of net loss (gain)		3		5		10		12		—		(1)		(1)		(2)
Net benefit expense (income)	$	4	$	6	$	12	$	16	$	—	$	(1)	$	—	$	(2)

On August 14, 2015, the Company made a contribution of $4 million to the U.S. qualified plan. The Company continually evaluates the amount and timing of any future contributions. The Company currently does not expect any further pension plan contributions during the current year. Actual contributions are dependent on several factors, including the outcome of the ongoing pension litigation. See Note 12, Legal Proceedings, for further information.