XML 52 R39.htm IDEA: XBRL DOCUMENT v3.23.1
COMPANY-SPONSORED BENEFIT PLANS (Tables)
12 Months Ended
Jan. 28, 2023
COMPANY-SPONSORED BENEFIT PLANS  
Schedule of amounts recognized in AOCI (pre-tax)

Pension Benefits

Other Benefits

Total

 

    

2022

    

2021

    

2022

    

2021

    

2022

    

2021

 

Net actuarial loss (gain)

$

785

$

715

$

(108)

$

(127)

$

677

$

588

Prior service credit

 

 

 

(23)

 

(43)

 

(23)

 

(43)

Total

$

785

$

715

$

(131)

$

(170)

$

654

$

545

Schedule of other changes recognized in other comprehensive income (loss) (pre-tax)

Pension Benefits

Other Benefits

Total

 

    

2022

    

2021

    

2020

    

2022

    

2021

    

2020

    

2022

    

2021

    

2020

 

Incurred net actuarial loss (gain)

$

101

$

(109)

$

36

$

15

$

2

$

(46)

$

116

$

(107)

$

(10)

Amortization of prior service credit

 

 

 

 

13

 

12

 

13

 

13

 

12

 

13

Amortization of net actuarial gain (loss)

 

(31)

 

(126)

 

(40)

 

11

 

17

 

8

 

(20)

 

(109)

 

(32)

Total recognized in other comprehensive income (loss)

$

70

$

(235)

$

(4)

$

39

$

31

$

(25)

$

109

$

(204)

$

(29)

Total recognized in net periodic benefit cost and other comprehensive income (loss)

$

58

$

(164)

$

(4)

$

25

$

10

$

(34)

$

83

$

(154)

$

(38)

Schedule of change in benefit obligation, change in plan assets and the funded status of the plans recorded in the Consolidated Balance Sheets and net amounts recognized at the end of fiscal years

Pension Benefits

 

Qualified Plans

Non-Qualified Plans

Other Benefits

 

    

2022

    

2021

    

2022

    

2021

    

2022

    

2021

 

Change in benefit obligation:

Benefit obligation at beginning of fiscal year

$

2,977

$

3,615

$

325

$

351

$

150

$

152

Service cost

 

8

 

12

 

 

 

5

 

4

Interest cost

 

92

 

92

 

10

 

9

 

5

 

4

Plan participants’ contributions

 

4

 

 

 

 

12

 

13

Actuarial (gain) loss

 

(421)

 

(125)

 

(40)

 

(12)

 

8

 

2

Plan settlements

(33)

(442)

(2)

Benefits paid

 

(159)

 

(172)

 

(22)

 

(24)

 

(22)

 

(25)

Other

 

(5)

 

(3)

 

 

1

 

7

 

Benefit obligation at end of fiscal year

$

2,463

$

2,977

$

271

$

325

$

165

$

150

Change in plan assets:

Fair value of plan assets at beginning of fiscal year

$

3,096

$

3,569

$

$

$

$

Actual return on plan assets

 

(409)

 

141

 

 

 

 

Employer contributions

 

2

 

 

24

 

24

 

10

 

12

Plan participants’ contributions

 

4

 

 

 

 

12

 

13

Plan settlements

(33)

(442)

(2)

Benefits paid

 

(159)

 

(172)

 

(22)

 

(24)

 

(22)

 

(25)

Other

 

(5)

 

 

 

 

 

Fair value of plan assets at end of fiscal year

$

2,496

$

3,096

$

$

$

$

Funded status and net asset and liability recognized at end of fiscal year

$

33

$

119

$

(271)

$

(325)

$

(165)

$

(150)

Schedule of weighted-average assumptions associated with pension and other benefit costs

Pension Benefits

Other Benefits

 

Weighted average assumptions

    

2022

    

2021

    

2020

    

2022

    

2021

    

2020

 

Discount rate — Benefit obligation

 

4.90

%  

3.17

%  

2.72

%  

4.86

%  

3.01

%  

2.43

%  

Discount rate — Net periodic benefit cost

 

3.17

%  

2.72

%  

3.01

%

3.01

%  

2.43

%  

2.97

%  

Expected long-term rate of return on plan assets

 

5.50

%  

5.50

%  

5.50

%

Rate of compensation increase — Net periodic benefit cost

 

3.05

%  

3.03

%  

3.03

%

Rate of compensation increase — Benefit obligation

 

2.57

%  

3.05

%  

3.03

%

Cash Balance plan interest crediting rate

3.30

%  

3.30

%  

3.30

%

Schedule of components of net periodic benefit cost

Pension Benefits

 

Qualified Plans

Non-Qualified Plans

Other Benefits

 

    

2022

    

2021

    

2020

    

2022

    

2021

    

2020

    

2022

    

2021

    

2020

 

Components of net periodic benefit cost:

Service cost

$

8

$

12

$

13

$

$

$

$

5

$

4

$

7

Interest cost

 

92

 

92

 

104

 

10

 

9

 

10

 

5

 

4

 

6

Expected return on plan assets

 

(153)

 

(168)

 

(168)

 

 

 

 

 

 

Amortization of:

Prior service credit

 

 

 

 

 

 

 

(13)

 

(12)

 

(13)

Actuarial (gain) loss

 

22

 

33

 

35

 

5

 

6

 

5

 

(11)

 

(17)

 

(8)

Settlement loss recognized

4

87

Other

 

(1)

 

1

 

 

1

 

 

 

 

(1)

Net periodic benefit cost

$

(27)

$

55

$

(15)

$

15

$

16

$

15

$

(14)

$

(21)

$

(9)

Schedule of projected benefit obligation ("PBO"), accumulated benefit obligation ("ABO") and the fair value of plan assets for all Company-sponsored pension plans

Qualified Plans

Non-Qualified Plans

 

    

2022

    

2021

    

2022

    

2021

 

PBO at end of fiscal year

$

176

$

244

$

271

$

325

Fair value of plan assets at end of year

$

141

$

207

$

$

Qualified Plans

Non-Qualified Plans

    

2022

    

2021

    

2022

    

2021

ABO at end of fiscal year

$

176

$

244

$

271

$

325

Fair value of plan assets at end of year

$

141

$

207

$

$

Schedule of estimated future benefit payments for defined benefit pension plans and other benefits

    

Pension

    

Other

 

Benefits

Benefits

 

2023

$

206

$

13

2024

$

209

$

14

2025

$

210

$

15

2026

$

211

$

16

2027

$

210

$

16

2028 —2032

$

998

$

75

Schedule of target and actual pension plan asset allocations

Actual

 

Target allocations

 Allocations

 

    

2022

    

2022

    

2021

 

Pension plan asset allocation

Global equity securities

 

5.0

%  

4.9

%  

7.0

%

Emerging market equity securities

 

1.7

Investment grade debt securities

 

78.0

75.8

73.6

High yield debt securities

 

3.0

2.9

2.5

Private equity

 

10.0

9.8

10.6

Hedge funds

 

2.0

2.3

2.9

Real estate

 

2.0

1.8

1.7

Other

 

2.5

Total

 

100.0

%  

100.0

%  

100.0

%

Schedule of fair values of defined benefit pension plan assets

Assets at Fair Value as of January 28, 2023

Quoted Prices in

Significant

 

Active Markets for

Significant Other

Unobservable

Assets

 

Identical Assets

Observable Inputs

Inputs

Measured

 

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

at NAV

    

Total

 

Cash and cash equivalents

$

178

$

$

$

$

178

Corporate Stocks

 

4

 

 

 

 

4

Corporate Bonds

 

 

1,113

 

 

 

1,113

U.S. Government Securities

 

 

115

 

 

 

115

Mutual Funds

 

124

 

 

 

 

124

Collective Trusts

 

 

 

 

514

 

514

Hedge Funds

 

 

 

31

 

28

 

59

Private Equity

 

 

 

 

248

 

248

Real Estate

 

 

 

28

 

16

 

44

Other

 

 

98

 

 

 

98

Total

$

306

$

1,326

$

59

$

806

$

2,497

Assets at Fair Value as of January 29, 2022

Quoted Prices in

Significant

 

Active Markets for

Significant Other

Unobservable

Assets

 

Identical Assets

Observable Inputs

Inputs

Measured

 

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

at NAV

    

Total

 

Cash and cash equivalents

$

80

$

$

$

$

80

Corporate Stocks

 

98

 

 

 

 

98

Corporate Bonds

 

 

1,070

 

 

 

1,070

U.S. Government Securities

 

 

144

 

 

 

144

Mutual Funds

 

265

 

 

 

 

265

Collective Trusts

 

 

 

 

871

 

871

Hedge Funds

 

 

 

39

 

49

 

88

Private Equity

 

 

 

 

326

 

326

Real Estate

 

 

 

37

 

16

 

53

Other

 

 

101

 

 

 

101

Total

$

443

$

1,315

$

76

$

1,262

$

3,096

Schedule of reconciliation of beginning and ending balances for measurements using significant unobservable inputs (Level 3)

    

Hedge Funds

    

Real Estate

Ending balance, January 30, 2021

$

35

$

39

Contributions into Fund

 

 

1

Realized gains

 

2

 

2

Unrealized gains

 

7

 

6

Distributions

 

(5)

 

(11)

Ending balance, January 29, 2022

 

39

 

37

Contributions into Fund

 

 

1

Realized gains

 

 

12

Unrealized losses

 

(3)

 

(6)

Distributions

 

(5)

 

(16)

Ending balance, January 28, 2023

$

31

$

28