Impairments, Store Closing and Other Costs (Tables)

12 Months Ended

Jan. 28, 2017

Restructuring Cost and Reserve [Line Items]

Restructuring, Impairment, and Other Activities Disclosure [Text Block]

Impairments, Store Closing and Other Costs

During 2016, we closed 18 underperforming stores and recorded the following costs related to the store closures and the organizational realignment at our corporate office:

(Dollars in Millions)
Store leases:
Record future obligations	$	114
Write-off net obligations	(21		)
Impairments:
Software licenses	23
Buildings and other store assets	53
Severance and other	17
Impairments, store closing and other costs	$	186

The store lease future obligation charge represents the discounted value of rents and other lease liabilities under non-cancelable lease terms and will be paid over the next 13 years. All of the severance will be paid out within two years. The remaining charge is primarily non-cash write-offs of assets and liabilities that were previously recorded on our Balance Sheet.

The following table summarizes changes in the store closure and restructure reserve during 2016:

(Dollars in Millions)	Store Lease Obligations			Severance			Total
Charges	$	114		$	15		129
Payments	(11		)	(12		)	(23		)
Balance at end of year	$	103		$	3		$	106

Impairments, store closing and other costs

During 2016, we closed 18 underperforming stores and recorded the following costs related to the store closures and the organizational realignment at our corporate office:

(Dollars in Millions)
Store leases:
Record future obligations	$	114
Write-off net obligations	(21		)
Impairments:
Software licenses	23
Buildings and other store assets	53
Severance and other	17
Impairments, store closing and other costs	$	186

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The following table summarizes changes in the store closure and restructure reserve during 2016:

(Dollars in Millions)	Store Lease Obligations			Severance			Total
Charges	$	114		$	15		129
Payments	(11		)	(12		)	(23		)
Balance at end of year	$	103		$	3		$	106