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COMPANY- SPONSORED BENEFIT PLANS (Tables)

12 Months Ended

Feb. 03, 2024

COMPANY- SPONSORED BENEFIT PLANS

Schedule of amounts recognized in AOCI (pre-tax)


		Pension Benefits						Other Benefits						Total
		2023			2022			2023			2022			2023			2022
Net actuarial loss (gain)		$	817		$	785		$	(92)		$	(108)		$	725		$	677
Prior service credit			—			—			(11)			(23)			(11)			(23)

Total		$	817		$	785		$	(103)		$	(131)		$	714		$	654

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


		Pension Benefits									Other Benefits									Total
		2023			2022			2021			2023			2022			2021			2023			2022			2021
Incurred net actuarial loss (gain)		$	42		$	101		$	(109)		$	4		$	15		$	2		$	46		$	116		$	(107)
Amortization of prior service credit			—			—			—			11			13			12			11			13			12
Amortization of net actuarial gain (loss)			(10)			(31)			(126)			13			11			17			3			(20)			(109)
Total recognized in other comprehensive income (loss)		$	32		$	70		$	(235)		$	28		$	39		$	31		$	60		$	109		$	(204)

Total recognized in net periodic benefit cost and other comprehensive income (loss)		$	36		$	58		$	(164)		$	15		$	25		$	10		$	51		$	83		$	(154)

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
		2023			2022			2023			2022			2023			2022
Change in benefit obligation:
Benefit obligation at beginning of fiscal year		$	2,463		$	2,977		$	271		$	325		$	165		$	150
Service cost			17			8			—			—			4			5
Interest cost			116			92			13			10			8			5
Plan participants’ contributions			4			4			—			—			9			12
Actuarial (gain) loss			(42)			(421)			(3)			(40)			—			8
Plan settlements			(11)			(33)			(1)			(2)			—			—
Benefits paid			(165)			(159)			(24)			(22)			(21)			(22)
Other			(14)			(5)			—			—			3			7

Benefit obligation at end of fiscal year		$	2,368		$	2,463		$	256		$	271		$	168		$	165

Change in plan assets:
Fair value of plan assets at beginning of fiscal year		$	2,496		$	3,096		$	—		$	—		$	—		$	—
Actual return on plan assets			65			(409)			—			—			—			—
Employer contributions			27			2			26			24			12			10
Plan participants’ contributions			4			4			—			—			9			12
Plan settlements			(11)			(33)			(2)			(2)			—			—
Benefits paid			(165)			(159)			(24)			(22)			(21)			(22)
Other			(17)			(5)			—			—			—			—

Fair value of plan assets at end of fiscal year		$	2,399		$	2,496		$	—		$	—		$	—		$	—
Funded (unfunded) status and net asset and liability recognized at end of fiscal year		$	31		$	33		$	(256)		$	(271)		$	(168)		$	(165)

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


		Pension Benefits						Other Benefits
Weighted average assumptions		2023		2022		2021		2023		2022		2021
Discount rate — Benefit obligation		5.27	%	4.90	%	3.17	%	5.21	%	4.86	%	3.01	%
Discount rate — Net periodic benefit cost		4.90	%	3.17	%	2.72	%	4.86	%	3.01	%	2.43	%
Expected long-term rate of return on plan assets		5.50	%	5.50	%	5.50	%
Rate of compensation increase — Net periodic benefit cost		2.57	%	3.05	%	3.03	%
Rate of compensation increase — Benefit obligation		2.52	%	2.57	%	3.05	%
Cash Balance plan interest crediting rate		3.30	%	3.30	%	3.30	%

Schedule of components of net periodic benefit cost (benefit)


		Pension Benefits
		Qualified Plans									Non-Qualified Plans									Other Benefits
		2023			2022			2021			2023			2022			2021			2023			2022			2021
Components of net periodic benefit cost:
Service cost		$	17		$	8		$	12		$	—		$	—		$	—		$	4		$	5		$	4
Interest cost			116			92			92			13			10			9			8			5			4
Expected return on plan assets			(150)			(153)			(168)			—			—			—			—			—			—
Amortization of:
Prior service credit			—			—			—			—			—			—			(11)			(13)			(12)
Actuarial (gain) loss			5			22			33			4			5			6			(13)			(11)			(17)
Settlement loss recognized			1			4			87			—			—			—			—			—			—
Other			—			—			(1)			(2)			—			1			(1)			—			—
Net periodic benefit cost		$	(11)		$	(27)		$	55		$	15		$	15		$	16		$	(13)		$	(14)		$	(21)

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
		2023			2022			2023			2022
PBO at end of fiscal year		$	159		$	176		$	256		$	271
Fair value of plan assets at end of year		$	150		$	141		$	—		$	—


		Qualified Plans						Non-Qualified Plans
		2023			2022			2023			2022
ABO at end of fiscal year		$	159		$	176		$	256		$	271
Fair value of plan assets at end of year		$	150		$	141		$	—		$	—

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


		Pension			Other
		Benefits			Benefits
2024		$	210		$	13
2025		$	210		$	14
2026		$	211		$	15
2027		$	210		$	16
2028		$	208		$	16
2029 —2033		$	982		$	80

Schedule of target and actual pension plan asset allocations


				Actual
		Target allocations		Allocations
		2023		2023		2022
Pension plan asset allocation
Global equity securities		5.0	%	5.4	%	4.9	%
Investment grade debt securities		78.0		78.9		75.8
High yield debt securities		3.0		3.1		2.9
Private equity		10.0		8.5		9.8
Hedge funds		2.0		2.4		2.3
Real estate		2.0		1.7		1.8
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 February 3, 2024


		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		$	151		$	—		$	—		$	—		$	151
Corporate Stocks			2			—			—			—			2
Corporate Bonds			—			1,092			—			—			1,092
U.S. Government Securities			—			140			—			—			140
Mutual Funds			108			—			—			—			108
Collective Trusts			—			—			—			513			513
Hedge Funds			—			—			29			29			58
Private Equity			—			—			—			203			203
Real Estate			—			—			24			15			39
Other			—			93			—			—			93
Total		$	261		$	1,325		$	53		$	760		$	2,399

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			—			97			—			—			97
Total		$	306		$	1,325		$	59		$	806		$	2,496

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


		Hedge Funds			Real Estate
Ending balance, January 29, 2022		$	39		$	37
Contributions into Fund			—			1
Realized gains			—			12
Unrealized gains			(3)			(6)
Distributions			(5)			(16)

Ending balance, January 28, 2023			31			28
Contributions into Fund			—			1
Realized gains			1			—
Unrealized gains			1			(3)
Distributions			(4)			(2)

Ending balance, February 3, 2024		$	29		$	24