Macy's 2013 Annual Report Download - page 77
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Table of Contents
Supplementary Retirement Plan
The following provides a reconciliation of benefit obligations, plan assets and funded status of the supplementary retirement plan as of February 1,
2014 and February 2, 2013:
Change in projected benefit obligation
Projected benefit obligation, beginning of year $795
$ 771
Service cost 6
6
Interest cost 32
35
Actuarial (gain) loss (17)
76
Plan amendment 8
—
Benefits paid (54)
(51)
Actuarial gain due to curtailment —
(42)
Projected benefit obligation, end of year 770
795
Change in plan assets
Fair value of plan assets, beginning of year —
—
Company contributions 54
51
Benefits paid (54)
(51)
Fair value of plan assets, end of year —
—
Funded status at end of year $(770)
$(795)
Amounts recognized in the Consolidated Balance Sheets at
February 1, 2014 and February 2, 2013
Accounts payable and accrued liabilities $(59)
$ (58)
Other liabilities (711)
(737)
$(770)
$(795)
Amounts recognized in accumulated other comprehensive loss at
February 1, 2014 and February 2, 2013
Net actuarial loss $176
$ 212
Prior service cost 8
—
$184
$ 212
The accumulated benefit obligation for the supplementary retirement plan was $770 million as of February 1, 2014 and $788 million as of February 2,
2013.
F-31