Macy's 2014 Annual Report Download - page 79
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
F-32
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, 2015 and February 1, 2014:
2014 2013
(millions)
Change in projected benefit obligation
Projected benefit obligation, beginning of year ....................................................... $ 770 $ 795
Service cost .............................................................................................................. — 6
Interest cost .............................................................................................................. 33 32
Actuarial (gain) loss ................................................................................................. 170 (17)
Plan amendment....................................................................................................... — 8
Benefits paid............................................................................................................. (53)(54)
Projected benefit obligation, end of year ................................................................. 920 770
Change in plan assets
Fair value of plan assets, beginning of year............................................................. — —
Company contributions ............................................................................................ 53 54
Benefits paid............................................................................................................. (53)(54)
Fair value of plan assets, end of year ....................................................................... — —
Funded status at end of year............................................................................................ $ (920) $ (770)
Amounts recognized in the Consolidated Balance Sheets at
January 31, 2015 and February 1, 2014
Accounts payable and accrued liabilities ................................................................. $ (69) $ (59)
Other liabilities......................................................................................................... (851)(711)
$(920) $ (770)
Amounts recognized in accumulated other comprehensive loss at
January 31, 2015 and February 1, 2014
Net actuarial loss...................................................................................................... $ 341 $ 176
Prior service cost...................................................................................................... 8 8
$ 349 $ 184
The accumulated benefit obligation for the supplementary retirement plan was $920 million as of January 31, 2015
and $770 million as of February 1, 2014.