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Retirement and Other Benefit Plans
6 Months Ended
Aug. 02, 2025
Retirement and Other Benefit Plans  
Retirement and Other Benefit Plans

Note 13  Retirement and Other Benefit Plans

The following table sets forth the components of net periodic benefit expense (income) for the Company, including the domestic and Canadian plans:

Pension Benefits

    

Other Postretirement Benefits

    

Thirteen Weeks Ended

Thirteen Weeks Ended

($ thousands)

August 2, 2025

    

August 3, 2024

    

August 2, 2025

    

August 3, 2024

Service cost

$

1,115

$

1,274

$

$

Interest cost

 

3,623

 

3,787

 

11

 

10

Expected return on assets

 

(5,561)

 

(6,055)

 

 

Amortization of:

 

 

 

 

Actuarial loss (gain)

 

1,378

 

1,485

 

(19)

 

(26)

Prior service cost

 

12

 

 

 

Total net periodic benefit expense (income)

$

567

$

491

$

(8)

$

(16)

Pension Benefits

    

Other Postretirement Benefits

    

Twenty-Six Weeks Ended

Twenty-Six Weeks Ended

($ thousands)

    

August 2, 2025

    

August 3, 2024

    

August 2, 2025

    

August 3, 2024

Service cost

$

2,339

$

2,466

$

$

Interest cost

 

7,244

 

7,519

 

24

 

23

Expected return on assets

 

(11,117)

 

(12,131)

 

 

Amortization of:

 

 

 

Actuarial loss (gain)

 

2,856

 

3,024

 

(39)

 

(54)

Prior service cost

 

19

 

24

 

 

Total net periodic benefit expense (income)

$

1,341

$

902

$

(15)

$

(31)

Service cost is included in selling and administrative expenses.  All other components of net periodic benefit expense (income) are included in other income, net in the condensed consolidated statements of earnings.