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RESTRUCTURING ACTIVITIES
3 Months Ended
Apr. 30, 2017
RESTRUCTURING ACTIVITIES  
RESTRUCTURING ACTIVITIES

 

NOTE 8—RESTRUCTURING ACTIVITIES

 

As a result of the sale of the Power Solutions business unit in fiscal 2015, management evaluated the Company’s talent alignment and functional support strategies. Consequently, during fiscal 2015, the Company initiated a restructuring plan to strategically align its leadership and functional support teams. During the three months ended May 1, 2016, the Company incurred $7 million of restructuring charges under this plan. The Company completed the activities under this plan in fiscal 2016 and does not expect to incur any additional charges. As of April 30, 2017 and January 29, 2017, the Company’s liability balance for these restructuring activities was $4 million and $5 million respectively, and is included in Other current liabilities in the Consolidated Balance Sheets. Payments for these charges are expected to be substantially complete by the end of fiscal 2017.