Annual report pursuant to Section 13 and 15(d)

Restructuring and Management Transition

v3.3.1.900
Restructuring and Management Transition
12 Months Ended
Jan. 30, 2016
Restructuring and Related Activities [Abstract]  
Restructuring and Management Transition
Restructuring and Management Transition
The components of Restructuring and management transition include:
Home office and stores -- charges for actions to reduce our store and home office expenses including employee termination benefits, store lease termination and impairment charges;
Store fixtures -- charges for increased depreciation and impairments of certain store fixtures;
Management transition -- charges related to implementing changes within our management leadership team for both incoming and outgoing members of management; and
Other -- charges related primarily to contract termination costs and other costs associated with our previous shops strategy.
 
The composition of restructuring and management transition charges was as follows:    
 
 
 
 
 
 
 
 
Cumulative Amount From Program Inception Through
($ in millions)
 
2015
 
2014
 
2013
 
2015
Home office and stores
 
$
42

 
$
45

 
$
48

 
$
289

Store fixtures
 

 

 
55

 
133

Management transition
 
28

 
16

 
37

 
252

Other
 
14

 
26

 
75

 
163

Total
 
$
84

 
$
87

 
$
215

 
$
837


 
Activity for the restructuring and management transition liability for 2015 and 2014 was as follows:
($ in millions)
 
Home Office and Stores
 
Management Transition
 
Other
 
Total
February 1, 2014
 
$

 
$
3

 
$
30

 
$
33

Charges
 
45

 
16

 
26

 
87

Cash payments
 
(8
)
 
(16
)
 
(38
)
 
(62
)
Non-cash
 
(28
)
 
(3
)
 
(1
)
 
(32
)
January 31, 2015
 
9

 

 
17

 
26

Charges
 
42

 
28

 
14

 
84

Cash payments
 
(33
)
 
(9
)
 
(7
)
 
(49
)
Non-cash
 

 
(9
)
 
(1
)
 
(10
)
January 30, 2016
 
$
18

 
$
10

 
$
23

 
$
51



Non-cash amounts represent charges that do not result in cash expenditures including increased depreciation and write-off of store fixtures and stock-based compensation.