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EMPLOYEE RETIREMENT PLANS (Details) (USD $)
In Millions, unless otherwise specified |
Jan. 28, 2013
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Pension | Merged Business
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| Employee retirement plans | |
| Fair value of plan assets | $ 479.2 |
| Benefit obligation | 576.1 |
| Unfunded status | (96.9) |
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Other Postretirement Benefits
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| Employee retirement plans | |
| Unfunded status | $ (182.9) |
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- Definition
The unfunded status is measured as the difference between the benefit obligation and the fair value of plan assets. Unfunded plans may include foreign pension plans, which may not be funded because there are no tax advantages to funding plans in those jurisdictions, and may also include other postretirement benefit plans. No definition available.
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- Definition
1) For defined benefit pension plans, the benefit obligation is the projected benefit obligation, which is the actuarial present value as of a date of all benefits attributed by the pension benefit formula to employee service rendered prior to that date. 2) For other postretirement defined benefit plans, the benefit obligation is the accumulated postretirement benefit obligation, which is the actuarial present value of benefits attributed to employee service rendered to a particular date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Assets, usually stocks, bonds, and other investments, that have been segregated and restricted (usually in a trust) to provide benefits, at their fair value as of the measurement date. Plan assets include amounts contributed by the employer (and by employees for a contributory plan) and amounts earned from investing the contributions, less benefits paid. If a plan has liabilities other than for benefits, those non-benefit obligations may be considered as reductions of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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