J. C. Penney Company, Inc. Quarterly report pursuant to Section 13 or 15(d)

Restructuring and Management Transition Charges (Tables)

6 Months Ended

Aug. 01, 2020

The composition of restructuring and management transition charges was as follows:


	Three Months Ended						Six Months Ended				Cumulative Amount From Program Inception Through August 1, 2020
($ in millions)	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Home office and stores	$	67	$	4	$	222	$	23	$	751
Management transition	—		3		—		4		269
Other	—		—		—		—		186
Total	$	67	$	7	$	222	$	27	$	1,206

Activity for the restructuring and management transition liability for the six months ended August 1, 2020 was as follows:


($ in millions)	Home Office and Stores		Management Transition		Total
February 1, 2020	$	6	$	2	$	8
Charges	59		—		59
Cash payments	(34)		(1)		(35)
Move to liabilities subject to compromise	(2)		—		(2)
August 1, 2020	$	29	$	1	$	30