Note 11 - Pension

6 Months Ended

Aug. 03, 2024

Notes to Financial Statements

Retirement Benefits [Text Block]

11. Pension

The components of net periodic pension benefit expense are presented in the table below. Service cost is recognized as part of SG&A expense, while the other components are recognized as part of Other (expense) income, net.

	Thirteen weeks ended						Twenty-six weeks ended
	August 3,			July 29,			August 3,			July 29,
($ in millions)	2024			2023			2024			2023
Service cost	$	1		$	2		$	2		$	3
Interest cost		5			7			10			13
Expected return on plan assets		(6	)		(8	)		(11	)		(15	)
Amortization of net loss		2			3			4			6
Net benefit expense	$	2		$	4		$	5		$	7