Annual report pursuant to Section 13 and 15(d)

Restructuring, Impairment, Store Closing and Other Costs (Tables)

v3.21.1
Restructuring, Impairment, Store Closing and Other Costs (Tables)
12 Months Ended
Jan. 30, 2021
Restructuring Costs And Asset Impairment Charges [Abstract]  
Restructuring, Impairments, Store Closing and Other Costs (Income)

Restructuring, impairment, store closing and other costs (income) consist of the following:

 

 

 

2020

 

 

2019

 

 

2018

 

 

 

 

 

 

 

(millions)

 

 

 

 

 

Asset Impairments

 

$

3,280

 

 

$

197

 

 

$

64

 

Restructuring

 

 

224

 

 

 

123

 

 

 

80

 

Other

 

 

75

 

 

 

34

 

 

 

(8

)

 

 

$

3,579

 

 

$

354

 

 

$

136

 

Summary of Restructuring and Other Cash Activity

A summary of the restructuring and other cash activity for 2020 and 2019 related to the Polaris strategy, which are included within accounts payable and accrued liabilities, is as follows:

 

 

 

 

 

 

 

Professional

 

 

 

 

 

 

 

 

 

 

 

fees and

 

 

 

 

 

 

 

Severance and

 

 

other related

 

 

 

 

 

 

 

other benefits

 

 

charges

 

 

Total

 

 

 

 

 

 

 

(millions)

 

 

 

 

 

Balance at February 2, 2019

 

$

 

 

$

 

 

$

 

Additions charged to expense

 

 

121

 

 

 

36

 

 

 

157

 

Cash payments

 

 

(6

)

 

 

(27

)

 

 

(33

)

Balance at February 1, 2020

 

 

115

 

 

 

9

 

 

 

124

 

Additions charged to expense

 

 

55

 

 

 

17

 

 

 

72

 

Cash payments

 

 

(156

)

 

 

(24

)

 

 

(180

)

Balance at January 30, 2021

 

$

14

 

 

$

2

 

 

$

16