Restructuring Charges (Tables)

3 Months Ended

May 04, 2013

Restructuring and Related Activities [Abstract]

The composition of the restructuring charges we incurred for this program in the three months ended May 4, 2013, as well as the cumulative amount incurred through May 4, 2013, was as follows ($ in millions):



	Three Months Ended May 4, 2013		Cumulative Amount through May 4, 2013
Discontinued operations
Property and equipment impairments	$	45	$	57
Termination benefits	2		21
Tradename impairment	4		4
Facility closure and other costs	2		7
Total	$	53	$	89



	Domestic				International				Total
	Three Months Ended May 4, 2013		Cumulative Amount through May 4, 2013		Three Months Ended May 4, 2013		Cumulative Amount through May 4, 2013		Three Months Ended May 4, 2013		Cumulative Amount through May 4, 2013
Continuing operations
Inventory write-downs	$	—	$	1	$	—	$	—	$	—	$	1
Property and equipment impairments	1		8		—		23		1		31
Termination benefits	—		46		4		13		4		59
Investment impairments	—		27		—		—		—		27
Facility closure and other costs	—		3		1		56		1		59
Total	$	1	$	85	$	5	$	92	$	6	$	177

The composition of the restructuring charges we incurred for this program in the three months ended May 4, 2013 and May 5, 2012, as well as the cumulative amount incurred through May 4, 2013, was as follows ($ in millions):



	Three Months Ended				Cumulative Amount through May 4, 2013
	May 4, 2013		May 5, 2012		Cumulative Amount through May 4, 2013
Continuing operations
Property and equipment impairments	$	—	$	25	$	29
Termination benefits	—		107		77
Facility closure and other costs, net	—		1		151
Total	$	—	$	133	$	257

Restructuring charges incurred in the three months ended May 4, 2013 and May 5, 2012 for our restructuring activities were as follows ($ in millions):



	Three Months Ended
	May 4, 2013		May 5, 2012
Continuing operations
Renew Blue	$	6	$	—
Fiscal 2013 U.S. restructuring	—		133
Fiscal 2012 restructuring	—		6
Fiscal 2011 restructuring	—		(12		)
Total	6		127
Discontinued operations
Fiscal 2013 Europe restructuring	53		—
Fiscal 2012 restructuring	—		3
Fiscal 2011 restructuring	—		3
Total (Note 2)	53		6
Total	$	59	$	133

The composition of the restructuring charges we incurred for this program in the three months ended May 5, 2012, as well as the cumulative amount incurred through May 4, 2013, was as follows ($ in millions):



	Domestic				International				Total
	Three Months Ended May 5, 2012		Cumulative Amount through May 4, 2013		Three Months Ended May 5, 2012		Cumulative Amount through May 4, 2013		Three Months Ended May 5, 2012		Cumulative Amount through May 4, 2013
	Three Months Ended May 5, 2012		Cumulative Amount through May 4, 2013		Three Months Ended May 5, 2012		Cumulative Amount through May 4, 2013		Three Months Ended May 5, 2012		Cumulative Amount through May 4, 2013
Continuing operations
Property and equipment impairments	$	1	$	17	$	—	$	15	$	1	$	32
Termination benefits	—		1		—		—		—		1
Facility closure and other costs	5		5		—		—		5		5
Total	6		23		—		15		6		38
Discontinued operations
Inventory write-downs	—		—		—		11		—		11
Property and equipment impairments	—		—		—		96		—		96
Termination benefits	—		—		1		17		1		17
Facility closure and other costs	—		—		2		79		2		79
Total	—		—		3		203		3		203
Total	$	6	$	23	$	3	$	218	$	9	$	241

Restructuring accrual activity

The following table summarizes our restructuring accrual activity during the three months ended May 4, 2013, and the two months ended May 5, 2012, related to termination benefits and facility closure and other costs associated with this program ($ in millions):



	Termination Benefits		Facility Closure and Other Costs⁽¹⁾			Total
Balance at February 2, 2013	$	—	$	36		$	36
Charges	—		—			—
Cash payments	—		(29		)	(29		)
Adjustments	—		—			—
Changes in foreign currency exchange rates	—		(2		)	(2		)
Balance at May 4, 2013	$	—	$	5		$	5



	Termination Benefits			Facility Closure and Other Costs⁽¹⁾			Total
Balance at March 3, 2012	$	17		$	85		$	102
Charges	1			2			3
Cash payments	(14		)	(43		)	(57		)
Adjustments	—			34			34
Changes in foreign currency exchange rates	—			3			3
Balance at May 5, 2012	$	4		$	81		$	85


⁽¹⁾	Included within the adjustments to facility closure and other costs is $34 million from the first quarter of fiscal 2013, representing an adjustment to exclude non-cash charges or benefits, which had no impact on our Consolidated Statements of Earnings in the first quarter of fiscal 2013.

The following table summarizes our restructuring accrual activity during the three months ended May 4, 2013 related to termination benefits and facility closure and other costs associated with this program ($ in millions):



	Termination Benefits			Facility Closure and Other Costs			Total
Balance at February 2, 2013	$	—		$	5		$	5
Charges	2			2			4
Cash payments	(1		)	(4		)	(5		)
Adjustments	—			—			—
Balance at May 4, 2013	$	1		$	3		$	4



	Termination Benefits			Facility Closure and Other Costs			Total
Balance at February 2, 2013	$	54		$	54		$	108
Charges	4			4			8
Cash payments	(35		)	(3		)	(38		)
Adjustments	(2		)	8			6
Changes in foreign currency exchange rates	—			(1		)	(1		)
Balance at May 4, 2013	$	21		$	62		$	83



	Termination Benefits			Facility Closure and Other Costs			Total
Balance at February 2, 2013	$	4		$	113		$	117
Charges	—			2			2
Cash payments	(2		)	(9		)	(11		)
Adjustments	(2		)	(4		)	(6		)
Balance at May 4, 2013	$	—		$	102		$	102



	Termination Benefits		Facility Closure and Other Costs		Total
Balance at March 3, 2012	$	—	$	—	$	—
Charges	103		1		104
Cash payments	—		—		—
Adjustments	—		—		—
Balance at May 5, 2012	$	103	$	1	$	104

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

+ References+ Details

- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References+ Details