Macy's 2010 Annual Report Download - page 83

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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 29, 2011 and January 30, 2010:
2010 2009
(millions)
Change in projected benefit obligation
Projected benefit obligation, beginning of year .......................... $680 $599
Service cost ...................................................... 6 4
Interest cost ...................................................... 37 42
Actuarial loss .................................................... 22 113
Benefits paid ..................................................... (57) (78)
Projected benefit obligation, end of year ............................... $688 $680
Change in plan assets
Fair value of plan assets, beginning of year ............................. $ – $ –
Company contributions ............................................. 57 78
Benefits paid ..................................................... (57) (78)
Fair value of plan assets, end of year .................................. $ – $ –
Funded status at end of year ............................................. $(688) $(680)
Amounts recognized in the Consolidated Balance Sheets at
January 29, 2011 and January 30, 2010
Accounts payable and accrued liabilities ............................... $ (52) $ (54)
Other liabilities ................................................... (636) (626)
$(688) $(680)
Amounts recognized in accumulated other comprehensive (income) loss at
January 29, 2011 and January 30, 2010
Net actuarial loss ................................................. $113 $ 94
Prior service credit ................................................ (2) (3)
$ 111 $ 91
The accumulated benefit obligation for the supplementary retirement plan was $645 million as of
January 29, 2011 and $643 million as of January 30, 2010.
F-35