Quarterly report pursuant to Section 13 or 15(d)

Restructuring and Management Transition

v3.8.0.1
Restructuring and Management Transition
3 Months Ended
May 05, 2018
Restructuring and Related Activities [Abstract]  
Restructuring and Management Transition
Restructuring and Management Transition

In the first quarter of 2017, the Company finalized plans to close 138 stores to help align the Company's brick-and-mortar presence with its omnichannel network, thereby redirecting capital resources to invest in locations and initiatives that offer the greatest revenue potential. The store closures resulted in a $77 million asset impairment charge for store assets with limited future use and a $14 million severance charge for the expected displacement of store associates.
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;
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 and costs related to the closure of certain supply chain locations.
The composition of Restructuring and management transition charges was as follows: 
 
Three Months Ended
 
Cumulative
Amount From Program Inception Through
May 5, 2018
($ in millions)
May 5,
2018
 
April 29,
2017
 
Home office and stores
$
7

 
$
98

 
$
480

Other

 
2

 
185

Total
$
7

 
$
100

 
$
665



Activity for the Restructuring and management transition liability for the three months ended May 5, 2018 was as follows:
($ in millions)
Home Office
and Stores
 
Other
 
Total
February 3, 2018
$
34

 
$
7

 
$
41

Charges
9

 
1

 
10

Cash payments
(18
)
 

 
(18
)
May 5, 2018
$
25

 
$
8

 
$
33