Macy's 2008 Annual Report Download - page 84

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Supplementary Retirement Plan
The following provides a reconciliation of benefit obligations, plan assets and funded status of the
supplementary retirement plan as of January 31, 2009 and February 2, 2008:
2008 2007
(millions)
Change in projected benefit obligation
Projected benefit obligation, beginning of year .......................... $643 $673
Service cost ...................................................... 8 7
Interest cost ...................................................... 39 38
Adjustment for measurement date change .............................. – (6)
Actuarial gain .................................................... (57) (27)
Benefits paid ..................................................... (34) (42)
Projected benefit obligation, end of year ............................... $599 $643
Change in plan assets
Fair value of plan assets, beginning of year ............................. $ – $ –
Company contributions ............................................. 34 42
Benefits paid ..................................................... (34) (42)
Fair value of plan assets, end of year .................................. $ – $ –
Funded status at end of year ............................................. $(599) $(643)
Amounts recognized in the Consolidated Balance Sheets at
January 31, 2009 and February 2, 2008
Accounts payable and accrued liabilities ............................... $ (47) $ (50)
Other liabilities ................................................... (552) (593)
$(599) $(643)
Amounts recognized in accumulated other comprehensive (income) loss at
January 31, 2009 and February 2, 2008
Net actuarial (gain) loss ............................................ $ (19) $ 38
Prior service credit ................................................ (5) (7)
$ (24) $ 31
The accumulated benefit obligation for the supplementary retirement plan was $561 million as of
January 31, 2009 and $603 million as of February 2, 2008.
F-36