Annual report pursuant to Section 13 and 15(d)

Gain on Sale of Properties, Impairments, Store Closing Costs and Division Consolidation Costs (Tables)

v2.4.0.6
Gain on Sale of Properties, Impairments, Store Closing Costs and Division Consolidation Costs (Tables)
12 Months Ended
Jan. 28, 2012
Impairments, Store Closing Costs and Division Consolidation Costs
Gain on sale of properties, impairments, store closing costs, and division consolidation costs consist of the following:
 
 
2011
 
2010
 
2009
 
(millions)
Gain on sale of properties
$
(54
)
 
$

 
$

Impairments of properties held and used
22

 
18

 
115

Store closing costs:
 
 
 
 
 
Severance
4

 
1

 
2

Other
3

 
6

 
4

Division consolidation costs

 

 
270

 
$
(25
)
 
$
25

 
$
391

Closure of Stores [Member]
 
Activity Associated with Severance Accrual Established in Connection with Restructuring Initiative
The following table shows for 2011, 2010 and 2009, the beginning and ending balance of, and the activity associated with, the severance accruals established in connection with announced store closings:
 
 
2011
 
2010
 
2009
 
(millions)
Balance, beginning of year
$
1

 
$
2

 
$
4

Charged to store closing costs
4

 
1

 
2

Payments
(1
)
 
(2
)
 
(4
)
Balance, end of year
$
4

 
$
1

 
$
2

Division Consolidations and Localization Initiative [Member]
 
Activity Associated with Severance Accrual Established in Connection with Restructuring Initiative
The following table shows for 2010 and 2009, the beginning and ending balance of, and the activity associated with, the severance accruals established in connection with the division consolidations and localization initiatives:
 
 
2010
 
2009
 
 
Balance, beginning of year
$
69

 
$
30

Charged to division consolidation costs

 
166

Payments
(69
)
 
(127
)
Balance, end of year
$

 
$
69