Rendering
Component: (Network and Table) |
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Network | 2352301 - Disclosure - RETIREMENT PLAN BENEFITS (Tables) (http://www.dell.com/role/RetirementPlanBenefitsTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0001571996 (http://www.sec.gov/CIK) |
Compensation and Retirement Disclosure [Abstract] | Period [Axis] |
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2016-01-30 - 2017-02-03 |
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Compensation and Retirement Disclosure [Abstract] | |
Reconciliation of the Pension Plan Benefit Obligation | The following table presents a reconciliation of the Pension Plan benefit obligation: | | | | | | Benefit Obligation | | (in millions) | Benefit obligation as of September 7, 2016 | $ | 590 |
| Interest cost | 8 |
| Benefits paid | (11 | ) | Actuarial loss (gain) | (52 | ) | Benefit obligation as of February 3, 2017 | $ | 535 |
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Reconciliation of Fair Values of Plan Assets | The following table presents a reconciliation of the fair value of plan assets: | | | | | | Plan Assets | | (in millions) | Fair value of plan assets as of September 7, 2016 | $ | 493 |
| Actual return on plan assets | (12 | ) | Benefits paid | (11 | ) | Fair value of plan assets as of February 3, 2017 | $ | 470 |
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Components of Net Periodic Benefit Costs Recognized | The following table presents the components of net periodic benefit cost recognized in the period presented: | | | | | | September 7, 2016 through February 3, 2017 | | (in millions) | Interest cost | $ | 8 |
| Expected return on plan assets | (16 | ) | Recognized actuarial loss | — |
| Net periodic benefit cost | $ | (8 | ) |
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Fair Value of Each Class of Plan Assets by Level within the Fair Value Hierarchy | The following table presents the fair value of each class of plan assets by level within the fair value hierarchy as of February 3, 2017: | | | | | | | | | | | | | | | | | | February 3, 2017 | | Level 1 | | Level 2 | | Level 3 | | Total | | (in millions) | Common collective trusts (a) | $ | — |
| | $ | 331 |
| | $ | — |
| | $ | 331 |
| U.S. Treasury securities | 1 |
| | — |
| | — |
| | 1 |
| Corporate debt securities (b) | — |
| | 137 |
| | — |
| | 137 |
| Total | $ | 1 |
| | $ | 468 |
| | $ | — |
| | 469 |
| Plan payables, net of accrued interest and dividends (c) | | | | | | | 1 |
| Total, net | | | | | | | $ | 470 |
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_________________ | | (a) | Common collective trusts are valued at the net asset value calculated by the fund manager based on the underlying investments and are classified within Level 2 of the fair value hierarchy. |
| | (b) | Corporate debt securities are valued daily at the closing price reported in active U.S. financial markets and are classified within Level 2 of the fair value hierarchy. |
| | (c) | Dividends, accrued interest and net plan payables are not material to the plan assets and therefore have not been classified into the fair value hierarchy. |
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