Target 2013 Annual Report Download - page 63

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58
The following table summarizes the changes in accumulated other comprehensive income for the years ended
February 1, 2014 and February 2, 2013, related to our pension and postretirement health care plans:
Change in Accumulated Other Comprehensive Income
Pension Benefits Postretirement
Health Care Benefits
(millions) Pretax Net of Tax Pretax Net of Tax
January 28, 2012 $ 1,027 $ 623 $ 3 $ 2
Net actuarial loss 23 13 18 11
Amortization of net actuarial losses (103) (63) (4) (2)
Amortization of prior service costs and transition — — 10 6
Plan amendments (91) (56) (3) (2)
February 2, 2013 856 517 24 15
Net actuarial gain (52) (32) (3) (2)
Amortization of net actuarial losses (103) (62) (6) (4)
Amortization of prior service costs and transition 11 7 16 10
Plan amendment — — (44) (27)
February 1, 2014 $ 712 $ 430 $ (13) $ (8)
The following table summarizes the amounts in accumulated other comprehensive income expected to be amortized
and recognized as a component of net periodic benefit expense in 2014:
Expected Amortization of Amounts in Accumulated Other Comprehensive Income
(millions) Pretax Net of Tax
Net actuarial loss $ 70 $ 43
Prior service credits (27) (16)
Total amortization expense $ 43 $ 27
The following table summarizes our net pension and postretirement health care benefits expense for the years 2013,
2012 and 2011:
Net Pension and Postretirement Health Care
Benefits Expense Pension Benefits Postretirement
Health Care Benefits
(millions) 2013 2012 2011 2013 2012 2011
Service cost benefits earned during the period $ 118 $ 121 $ 117 $ 6 $ 10 $ 10
Interest cost on projected benefit obligation 137 139 137 23 4
Expected return on assets (235)(220) (206) —— —
Amortization of losses 103 103 67 63 4
Amortization of prior service cost (11) — (2) (16) (10) (10)
Settlement and Special Termination Charges 3— — —— —
Total $ 115 $ 143 $ 113 $ (2) $ 6 $ 8
Prior service cost amortization is determined using the straight-line method over the average remaining service period
of team members expected to receive benefits under the plan.