Foot Locker 2014 Annual Report Download - page 84

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FOOT LOCKER, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
20. Retirement Plans and Other Benefits − (continued)
Pension Benefits Postretirement Benefits
2014 2013 2014 2013
(in millions)
Funded status $ (36) $ (24) $(19) $(15)
Amounts recognized on the balance sheet:
Other assets $13 $4 $— $—
Accrued and other liabilities (3) (3) (1) (1)
Other liabilities (46) (25) (18) (14)
$ (36) $ (24) $(19) $(15)
Amounts recognized in accumulated other
comprehensive loss, pre-tax:
Net loss (gain) $394 $399 $ (6) $(13)
Prior service cost 11——
$395 $400 $ (6) $(13)
As of January 31, 2015 and February 1, 2014, the Canadian qualified pension plan’s assets exceeded its
accumulated benefit obligation. Information for those pension plans with an accumulated benefit obligation in
excess of plan assets is as follows:
2014 2013
(in millions)
Projected benefit obligation $662 $603
Accumulated benefit obligation 662 603
Fair value of plan assets 613 575
The following tables set forth the changes in accumulated other comprehensive loss (pre-tax) at January 31,
2015:
Pension
Benefits Postretirement
Benefits
(in millions)
Net actuarial loss (gain) at beginning of year $399 $(13)
Amortization of net (loss) gain (15) 3
Loss arising during the year 15 4
Foreign currency fluctuations (5) —
Net actuarial loss (gain) at end of year
(1)
$394 $ (6)
Net prior service cost at end of year
(1)
1—
Total amount recognized $395 $ (6)
(1) The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit
cost (income) during the next year are approximately $14 million and $(2) million related to the pension and postretirement plans,
respectively. The net prior service cost did not change during the year.
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