v2.4.1.9

Retirement Plans (Tables)

12 Months Ended

Jan. 31, 2015

Pension Plan [Member]

Reconciliation of Benefit Obligations, Plan Assets, and Funded Status Pension Plan

The following provides a reconciliation of benefit obligations, plan assets, and funded status of the Pension Plan as of January 31, 2015 and February 1, 2014:

	2014				2013
	(millions)
Change in projected benefit obligation
Projected benefit obligation, beginning of year	$	3,473			$	3,555
Service cost	6				112
Interest cost	151				143
Actuarial (gain) loss	563				(117		)
Benefits paid	(227		)		(220		)
Projected benefit obligation, end of year	3,966				3,473
Changes in plan assets
Fair value of plan assets, beginning of year	3,546				3,387
Actual return on plan assets	317				379
Company contributions	—				—
Benefits paid	(227		)		(220		)
Fair value of plan assets, end of year	3,636				3,546
Funded status at end of year	$	(330	)		$	73
Amounts recognized in the Consolidated Balance Sheets at January 31, 2015 and February 1, 2014
Other assets	$	—			$	73
Other liabilities	(330		)		—
	$	(330	)		$	73
Amounts recognized in accumulated other comprehensive loss at January 31, 2015 and February 1, 2014
Net actuarial loss	$	1,397			$	931

Schedule of Net Periodic Benefit Costs

Net pension costs and other amounts recognized in other comprehensive loss for the Pension Plan included the following actuarially determined components:

	2014				2013				2012
	(millions)
Net Periodic Pension Cost
Service cost	$	6			$	112			$	117
Interest cost	151				143				157
Expected return on assets	(246		)		(242		)		(253		)
Amortization of net actuarial loss	25				141				141
Amortization of prior service credit	—				—				(1		)
	(64		)		154				161
Other Changes in Plan Assets and Projected Benefit Obligation Recognized in Other Comprehensive Loss
Net actuarial (gain) loss	491				(254		)		(91		)
Amortization of net actuarial loss	(25		)		(141		)		(141		)
Amortization of prior service credit	—				—				1
	466				(395		)		(231		)
Total recognized in net periodic pension cost and other comprehensive loss	$	402			$	(241	)		$	(70	)

Weighted Average Assumptions

The following weighted average assumptions were used to determine the projected benefit obligations for the Pension Plan at January 31, 2015 and February 1, 2014:

	2014			2013
Discount rate	3.55	%		4.50	%
Rate of compensation increases	4.10	%		4.10	%

The following weighted average assumptions were used to determine the net periodic pension cost for the Pension Plan:

	2014			2013			2012
Discount rate	4.50	%		4.15	%		4.65	%
Expected long-term return on plan assets	7.50	%		7.50	%		8.00	%
Rate of compensation increases	4.10	%		4.50	%		4.50	%

Fair Values of Plan Assets

The fair values of the Pension Plan assets as of January 31, 2015, excluding interest and dividend receivables and pending investment purchases and sales, by asset category are as follows:

	Fair Value Measurements
	Total				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
	(millions)
Cash and cash equivalents	$	248			$	—			$	248			$	—
Equity securities:
U.S.	821				344				477				—
International	659				—				659				—
Fixed income securities:
U. S. Treasury bonds	272				—				272				—
Other Government bonds	55				—				55				—
Agency backed bonds	28				—				28				—
Corporate bonds	434				—				434				—
Mortgage-backed securities and forwards	91				—				91				—
Asset-backed securities	19				—				19				—
Pooled funds	458				—				458				—
Other types of investments:
Real estate	244				—				—				244
Hedge funds	175				—				—				175
Private equity	181				—				—				181
Total	$	3,685			$	344			$	2,741			$	600

The fair values of the Pension Plan assets as of February 1, 2014, excluding interest and dividend receivables and pending investment purchases and sales, by asset category are as follows:

	Fair Value Measurements
	Total				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
	(millions)
Cash and cash equivalents	$	211			$	—			$	211			$	—
Equity securities:
U.S.	834				354				480				—
International	748				—				748				—
Fixed income securities:
U. S. Treasury bonds	221				—				221				—
Other Government bonds	39				—				39				—
Agency backed bonds	22				—				22				—
Corporate bonds	388				—				388				—
Mortgage-backed securities and forwards	95				—				95				—
Asset-backed securities	20				—				20				—
Pooled funds	454				—				454				—
Other types of investments:
Real estate	214				—				—				214
Hedge funds	167				—				—				167
Private equity	167				—				—				167
Total	$	3,580			$	354			$	2,678			$	548

Changes in Fair Value of Level 3 Assets

The following table sets forth a summary of changes in fair value of the Pension Plan’s level 3 assets for 2014 and 2013:

	2014				2013
	(millions)
Balance, beginning of year	$	548			$	594
Actual gain on plan assets:
Relating to assets still held at the reporting date	18				1
Relating to assets sold during the period	22				48
Purchases	71				77
Sales	(59		)		(172		)
Balance, end of year	$	600			$	548

Estimated Future Benefit Payments

The following benefit payments are estimated to be paid from the Pension Plan:

	(millions)
Fiscal year
2015	$	301
2016	286
2017	280
2018	272
2019	270
2020-2024	1,236

Supplemental Employee Retirement Plan

Reconciliation of Benefit Obligations, Plan Assets, and Funded Status Pension Plan

The following provides a reconciliation of benefit obligations, plan assets and funded status of the supplementary retirement plan as of January 31, 2015 and February 1, 2014:

	2014				2013
	(millions)
Change in projected benefit obligation
Projected benefit obligation, beginning of year	$	770			$	795
Service cost	—				6
Interest cost	33				32
Actuarial (gain) loss	170				(17		)
Plan amendment	—				8
Benefits paid	(53		)		(54		)
Projected benefit obligation, end of year	920				770
Change in plan assets
Fair value of plan assets, beginning of year	—				—
Company contributions	53				54
Benefits paid	(53		)		(54		)
Fair value of plan assets, end of year	—				—
Funded status at end of year	$	(920	)		$	(770	)
Amounts recognized in the Consolidated Balance Sheets at January 31, 2015 and February 1, 2014
Accounts payable and accrued liabilities	$	(69	)		$	(59	)
Other liabilities	(851		)		(711		)
	$	(920	)		$	(770	)
Amounts recognized in accumulated other comprehensive loss at January 31, 2015 and February 1, 2014
Net actuarial loss	$	341			$	176
Prior service cost	8				8
	$	349			$	184

Schedule of Net Periodic Benefit Costs

Net pension costs and other amounts recognized in other comprehensive loss for the supplementary retirement plan included the following actuarially determined components:

	2014				2013				2012
	(millions)
Net Periodic Pension Cost
Service cost	$	—			$	6			$	6
Interest cost	33				32				35
Amortization of net actuarial loss	5				19				17
Amortization of prior service credit	—				—				(1		)
	38				57				57
Other Changes in Plan Assets and Projected Benefit Obligation Recognized in Other Comprehensive Loss
Net actuarial (gain) loss	170				(17		)		34
Prior service cost	—				8				—
Amortization of net actuarial loss	(5		)		(19		)		(17		)
Amortization of prior service credit	—				—				1
	165				(28		)		18
Total recognized in net periodic pension cost and other comprehensive loss	$	203			$	29			$	75

Weighted Average Assumptions

The following weighted average assumption was used to determine the projected benefit obligations for the supplementary retirement plan at January 31, 2015 and February 1, 2014:

	2014			2013
Discount rate	3.55	%		4.50	%

The following weighted average assumptions were used to determine net pension costs for the supplementary retirement plan:

	2014			2013			2012
Discount rate	4.50	%		4.15	%		4.65	%
Rate of compensation increases	N/A			4.90	%		4.90	%

Estimated Future Benefit Payments

The following benefit payments are estimated to be funded by the Company and paid from the supplementary retirement plan:

	(millions)
Fiscal year
2015	$	69
2016	68
2017	70
2018	64
2019	68
2020-2024	267

X

- Definition

Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (d)(5)

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (k)

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the aggregate benefit obligation and aggregate fair value of plan assets for pension plans and/or other employee benefit plans with benefit obligations in excess of plan assets as of the measurement date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 3

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e2417-114920

+ Details

Name:	us-gaap_ScheduleOfBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (f)

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (h)

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis=us-gaap_PensionPlansDefinedBenefitMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis=us-gaap_SupplementalEmployeeRetirementPlanDefinedBenefitMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: