TJ Maxx 2006 Annual Report Download - page 90

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The estimated prior service credit that will be amortized from accumulated other comprehensive income (loss)
into net periodic cost in fiscal 2008 is $3.8 million. The net actuarial loss that will be amortized from accumulated other
comprehensive income (loss) into net periodic benefit cost in fiscal 2008 is $343,000.
As of January 27, 2007 the net accrued liability of the postretirement medical plan is reflected on the consolidated
balance sheets as a non-current liability of $1.3 million and a current liability of $0.2 million. As of January 28, 2006 the
net accrued liability of $43.4 million is included in non-current liabilities.
Following are components of net periodic benefit cost (income) related to our Postretirement Medical plan:
Dollars In Thousands
January 27,
2007
January 28,
2006
January 29,
2005
Postretirement Medical
Fiscal Year Ended
Service cost $- $3,780 $3,920
Interest cost 80 2,142 2,332
Amortization of prior service cost (credit) (3,768) (946) 332
Recognized actuarial losses 338 300 130
Net periodic benefit cost (income) $(3,350) $5,276 $6,714
Weighted average assumptions for expense purposes:
Discount rate 5.25% 5.50% 6.00%
Following is a schedule of the benefits expected to be paid under the unfunded postretirement medical plan in
each of the next five fiscal years, and in the aggregate for the five fiscal years thereafter:
In Thousands
Expected Benefit
Payments
Fiscal Year
2008 $205
2009 182
2010 160
2011 142
2012 131
2013 through 2017 $502
K. Accrued Expenses and Other Liabilities, Current and Long-Term
The major components of accrued expenses and other current liabilities are as follows:
In Thousands
January 27,
2007
January 28,
2006
Employee compensation and benefits, current $ 307,986 $238,586
Rent, utilities and occupancy, including real estate taxes 138,293 122,787
Merchandise credits and gift certificates 128,781 127,526
Insurance 51,407 53,550
Sales tax collections and V.A.T. taxes 116,092 96,413
All other current liabilities 266,215 297,805
Accrued expenses and other current liabilities $1,008,774 $936,667
All other current liabilities include accruals for advertising, property additions, dividends, freight, income taxes
payable (fiscal 2006 only), and other items, each of which are individually less than 5% of current liabilities.
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