Special Charges, Net

3 Months Ended

Feb. 01, 2025

Restructuring and Related Activities [Abstract]

Liabilities related to special charges, net are included in Accrued liabilities in the Condensed Consolidated Balance Sheets. The activity is detailed below:


Accrued Special Charges	Global Repositioning Actions















































Balance at November 2, 2024	$	13,855
Employee severance costs, net	56,334

Severance payments	(2,887)


Balance at February 1, 2025	$	67,302

The Company recorded net special charges of $63.9 million as part of its Global Repositioning Actions in the three months ended February 1, 2025. The Global Repositioning Actions were part of a transformation initiative aimed at aligning the Company’s enterprise strategy, organizational design and streamlining its operations to achieve its long-term strategic plan. The special charges include severance costs, in accordance with the Company’s ongoing benefit plan or statutory requirements at foreign locations, related to the termination of certain employees in manufacturing, engineering and selling, marketing, general and administrative roles.