Litigation and Other Charges

3 Months Ended

May 05, 2018

Litigation and Other Charges [Abstract]

Litigation and Other Charges

4. Litigation and Other Charges

As more fully discussed in Note 14, Legal Proceedings, during the first quarter of 2018 the Company recorded a $12 million charge related to the pension litigation. This charge comprised $11 million related to the estimated cost of the reformation and $1 million in professional fees incurred in connection with the plan reformation.

During the third quarter of the prior year, the Company reorganized its organizational structure by adjusting certain divisional responsibilities between our various businesses. The following is a reconciliation of the accrual recorded in connection with that event for the quarter ended May 5, 2018: 

		Severance and		Other Related
		Benefit Costs		Charges		Total
	($ in millions)
Balance at February 3, 2018	$	5	$	2	$	7
Amounts charged to expense		—		—		—
Cash payments		(2)		—		(2)
Balance at May 5, 2018	$	3	$	2	$	5