Macy's 2014 Annual Report Download - page 73

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
F-26
Pension Plan
The following provides a reconciliation of benefit obligations, plan assets, and funded status of the Pension Plan as
of January 31, 2015 and February 1, 2014:
2014 2013
(millions)
Change in projected benefit obligation
Projected benefit obligation, beginning of year ....................................................... $ 3,473 $ 3,555
Service cost .............................................................................................................. 6 112
Interest cost .............................................................................................................. 151 143
Actuarial (gain) loss ................................................................................................. 563 (117)
Benefits paid............................................................................................................. (227)(220)
Projected benefit obligation, end of year ................................................................. 3,966 3,473
Changes in plan assets
Fair value of plan assets, beginning of year............................................................. 3,546 3,387
Actual return on plan assets ..................................................................................... 317 379
Company contributions ............................................................................................ — —
Benefits paid............................................................................................................. (227)(220)
Fair value of plan assets, end of year ....................................................................... 3,636 3,546
Funded status at end of year............................................................................................ $ (330) $ 73
Amounts recognized in the Consolidated Balance Sheets at
January 31, 2015 and February 1, 2014
Other assets .............................................................................................................. $ — $ 73
Other liabilities......................................................................................................... (330) —
$(330) $ 73
Amounts recognized in accumulated other comprehensive loss at
January 31, 2015 and February 1, 2014
Net actuarial loss...................................................................................................... $ 1,397 $ 931
The accumulated benefit obligation for the Pension Plan was $3,951 million as of January 31, 2015 and $3,453
million as of February 1, 2014.