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
Employee severance costs, net	5,189

Severance payments	(51,448)



Balance at May 3, 2025	$	21,043
Employee severance costs, net	2,444

Severance payments	(14,195)


Balance at August 2, 2025	$	9,292

The Company recorded net special charges of $70.0 million as part of its Global Repositioning Actions in the nine months ended August 2, 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.

During the second quarter of fiscal 2025, the Company completed the sale of its facility in Milpitas, CA, that was previously classified as held for sale, for approximately $39.7 million, net of selling costs, which resulted in an immaterial loss recorded in Special charges, net.