Restructuring Initiatives

During the six months ended August 1, 2015, we initiated a series of headquarters workforce reductions intended to increase organizational effectiveness and provide cost savings that can be reinvested in our growth initiatives. As a result, we recorded $11 million and $114 million of severance and other benefits-related charges within selling, general and administrative expenses (SG&A) during the three and six months ended August 1, 2015, respectively. The vast majority of these expenses will require cash expenditures. These costs were not included in our segment results.



Restructuring Costs	August 1, 2015
(millions)	Three Months Ended		Six Months Ended
Severance	$	9	$	108
Pension and other	2		6
Total	$	11	$	114

Accruals for restructuring costs are included in other current liabilities.



Restructuring-Related Liabilities (millions)	Severance			Pension and Other			Total
Restructuring liability as of January 31, 2015	$	—		$	—		$	—
Charges during period	108			6			114
Paid or otherwise settled	(94		)	(6		)	(100		)
Restructuring liability as of August 1, 2015	$	14		$	—		$	14