|
Retirement Benefit Plans (Net Periodic Expense) (Details) (USD $)
|
3 Months Ended |
12 Months Ended |
0 Months Ended |
1 Months Ended |
2 Months Ended |
3 Months Ended |
|
Oct. 27, 2012
|
Jan. 31, 2015
|
Feb. 01, 2014
|
Feb. 02, 2013
|
Sep. 30, 2012
|
Sep. 30, 2012
participant
|
Feb. 02, 2013
|
Nov. 30, 2012
participant
|
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] |
|
|
|
|
|
|
|
|
| Curtailments charges |
$ 7,000,000 |
|
|
|
|
|
|
|
| Discount rate |
|
3.87% |
4.89% |
4.19% |
4.25% |
4.25% |
4.19% |
|
| Defined benefit plan, description of plan amendment |
In September 2012, as a result of a plan amendment, we offered approximately 35,000 participants in the Primary Pension Plan who separated from service and had a deferred vested benefit as of August 31, 2012 the option to receive a lump-sum settlement payment. These participants had until November 30, 2012 to elect to receive the lump-sum settlement payment with the payments to be made by the Company beginning on December 4, 2012 using assets from the Primary Pension Plan. As a result of the approximately 25,000 participants who elected the lump-sum settlements, we made payments totaling $439 million from the Primary Pension Plan’s assets and recognized settlement expense of $148 million for unrecognized actuarial losses. We also amended the Primary Pension Plan to allow for participants that separate from the Company on or after September 1, 2012 the option of a lump-sum settlement payment from the plan. The amendment also provided for automatic lump-sum settlement payments for participants with vested balances less than $5,000. |
|
|
|
|
|
|
|
| Automatic lump sum settlement, maximum vested balance (less than) |
|
5,000 |
|
|
|
|
|
|
| Funded status of plan percentage, description |
|
As of the end of 2014, the funded status of the Primary Pension Plan was 104%. The PBO is the present value of benefits earned to date by plan participants, including the effect of assumed future salary increases. Under the Employee Retirement Income Security Act of 1974 (ERISA), the funded status of the plan exceeded 100% as of December 31, 2014 and 2013, the qualified pension plan’s year end. |
|
|
|
|
|
|
| Net Periodic Benefit Expense/(Income) [Abstract] |
|
|
|
|
|
|
|
|
| Net periodic benefit expense/(income) |
|
6,000,000 |
137,000,000 |
353,000,000 |
|
|
|
|
| Pension Plan [Member] |
|
|
|
|
|
|
|
|
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] |
|
|
|
|
|
|
|
|
| Projected benefit obligation, period increase/(decrease) |
|
|
|
|
166,000,000 |
|
|
|
| Effect of curtailments on projected benefit obligation |
80,000,000 |
|
|
|
|
|
|
|
| Balance at measurement date |
|
5,254,000,000 |
4,477,000,000 |
5,042,000,000 |
5,550,000,000 |
5,550,000,000 |
5,042,000,000 |
|
| Number of employees offered lump sum settlement |
|
|
|
|
|
35,000 |
|
|
| Number of employees that accepted lump sum settlement |
|
|
|
|
|
|
|
25,000 |
| Payments for lump sum settlement |
|
|
|
|
|
|
439,000,000 |
|
| Net Periodic Benefit Expense/(Income) [Abstract] |
|
|
|
|
|
|
|
|
| Service cost |
|
61,000,000 |
78,000,000 |
87,000,000 |
|
|
|
|
| Interest cost |
|
211,000,000 |
204,000,000 |
242,000,000 |
|
|
|
|
| Expected return on plan assets |
|
(348,000,000) |
(340,000,000) |
(382,000,000) |
|
|
|
|
| Amortization of actuarial loss/(gain) |
|
52,000,000 |
152,000,000 |
220,000,000 |
|
|
|
|
| Amortization of prior service cost/(credit) |
|
7,000,000 |
6,000,000 |
0 |
|
|
|
|
| Settlement expense |
|
0 |
0 |
148,000,000 |
|
|
(148,000,000) |
|
| Loss/(gain) on transfer of benefits |
|
15,000,000 |
0 |
0 |
|
|
|
|
| Net periodic benefit expense/(income) |
|
(2,000,000) |
100,000,000 |
315,000,000 |
|
|
|
|
| Supplemental Employee Retirement Plan [Member] |
|
|
|
|
|
|
|
|
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] |
|
|
|
|
|
|
|
|
| Employee retirement age |
|
60 years |
|
|
|
|
|
|
| Termination of company-paid term life insurance, employee age |
|
70 years |
|
|
|
|
|
|
| Termination of employee-paid term life insurance, employee age |
|
65 years |
|
|
|
|
|
|
| Projected benefit obligation, period increase/(decrease) |
|
|
|
|
55,000,000 |
|
|
|
| Effect of curtailments on projected benefit obligation |
13,000,000 |
|
|
|
|
|
|
|
| Balance at measurement date |
|
191,000,000 |
219,000,000 |
303,000,000 |
300,000,000 |
300,000,000 |
303,000,000 |
|
| Net Periodic Benefit Expense/(Income) [Abstract] |
|
|
|
|
|
|
|
|
| Service cost |
|
0 |
0 |
1,000,000 |
|
|
|
|
| Interest cost |
|
9,000,000 |
12,000,000 |
13,000,000 |
|
|
|
|
| Amortization of actuarial loss/(gain) |
|
14,000,000 |
24,000,000 |
23,000,000 |
|
|
|
|
| Amortization of prior service cost/(credit) |
|
0 |
1,000,000 |
1,000,000 |
|
|
|
|
| Loss/(gain) on transfer of benefits |
|
(15,000,000) |
0 |
0 |
|
|
|
|
| Net periodic benefit expense/(income) |
|
8,000,000 |
37,000,000 |
38,000,000 |
|
|
|
|
| Supplemental Employee Retirement Plan [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] |
|
|
|
|
|
|
|
|
| Employee retirement age for equal social security benefits |
|
60 years |
|
|
|
|
|
|
| Supplemental Employee Retirement Plan [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] |
|
|
|
|
|
|
|
|
| Employee retirement age for equal social security benefits |
|
62 years |
|
|
|
|
|
|
| Primary and Supplemental Pension Plans Total |
|
|
|
|
|
|
|
|
| Net Periodic Benefit Expense/(Income) [Abstract] |
|
|
|
|
|
|
|
|
| Service cost |
|
61,000,000 |
78,000,000 |
88,000,000 |
|
|
|
|
| Interest cost |
|
220,000,000 |
216,000,000 |
255,000,000 |
|
|
|
|
| Expected return on plan assets |
|
(348,000,000) |
(340,000,000) |
(382,000,000) |
|
|
|
|
| Amortization of actuarial loss/(gain) |
|
66,000,000 |
176,000,000 |
243,000,000 |
|
|
|
|
| Amortization of prior service cost/(credit) |
|
7,000,000 |
7,000,000 |
1,000,000 |
|
|
|
|
| Settlement expense |
|
0 |
0 |
148,000,000 |
|
|
|
|
| Loss/(gain) on transfer of benefits |
|
0 |
0 |
0 |
|
|
|
|
| Net periodic benefit expense/(income) |
|
6,000,000 |
137,000,000 |
353,000,000 |
|
|
|
|
| Social Security Benefits [Member] |
|
|
|
|
|
|
|
|
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] |
|
|
|
|
|
|
|
|
| Employee retirement age |
|
62 years |
|
|
|
|
|
|
| Primary Pension Plan and Benefit Restoration Plan [Member] |
|
|
|
|
|
|
|
|
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] |
|
|
|
|
|
|
|
|
| Employee retirement age |
|
65 years |
|
|
|
|
|
|
| Other Postretirement Benefit Plan, Defined Benefit [Member] |
|
|
|
|
|
|
|
|
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] |
|
|
|
|
|
|
|
|
| Projected benefit obligation, period increase/(decrease) |
|
|
|
|
(5,000,000) |
|
|
|
| Effect of curtailments on projected benefit obligation |
2,000,000 |
|
|
|
|
|
|
|
| Balance at measurement date |
|
11,000,000 |
15,000,000 |
18,000,000 |
18,000,000 |
18,000,000 |
18,000,000 |
|
| Net Periodic Benefit Expense/(Income) [Abstract] |
|
|
|
|
|
|
|
|
| Interest cost |
|
1,000,000 |
1,000,000 |
1,000,000 |
|
|
|
|
| Amortization of actuarial loss/(gain) |
|
(1,000,000) |
(1,000,000) |
(1,000,000) |
|
|
|
|
| Amortization of prior service cost/(credit) |
|
(8,000,000) |
(8,000,000) |
(14,000,000) |
|
|
|
|
| Net periodic benefit expense/(income) |
|
$ (8,000,000) |
$ (8,000,000) |
$ (14,000,000) |
|
|
|
|