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RESTRUCTURING AND SEPARATION ACTIVITIES
6 Months Ended
Aug. 02, 2020
RESTRUCTURING AND SEPARATION ACTIVITIES  
RESTRUCTURING AND SEPARATION ACTIVITIES

NOTE 9 — RESTRUCTURING AND SEPARATION ACTIVITIES

On September 24, 2019, the Company announced its intention to separate its Facilities Maintenance and Construction & Industrial businesses into two independent publicly traded companies . On August 10, 2020, the Company entered into a definitive agreement to sell its Construction & Industrial business, rather than separate it through a tax-free distribution to shareholders. See "Note 14, Subsequent Event." During the three and six months ended August 2, 2020, the Company recognized $4 million and $10 million, respectively, in restructuring and separation charges.  These charges were primarily related to professional fees incurred to execute the separation, and to a lesser extent, severance and other employee-related costs and costs related to deferring certain projects during the separation preparations. As of August 2, 2020, remaining unpaid costs associated with these activities are immaterial.