v3.25.2
Basis of Presentation (Tables)
6 Months Ended
Aug. 02, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Changes in Restructuring Reserve

The following table summarizes the changes in the restructuring reserve related to the closure of our Monroe, Ohio E-commerce Fulfillment Center, for the six months ended August 2, 2025:

 

(Dollars in Millions)

Severance

Other Exit Costs

Total Costs

Balance - February 1, 2025

$—

$—

$—

Additions

7

4

11

Payments and reversals

(4)

(4)

Balance - August 2, 2025

$7

$—

$7

 

The following table summarizes the changes in the restructuring reserve established in the fourth quarter of 2024, related to the closure of our San Bernardino E-commerce Fulfillment Center and 27 underperforming stores, for the six months ended August 2, 2025:

 

(Dollars in Millions)

Severance

Other Exit Costs

Total Costs

Balance - February 1, 2025

$14

$30

$44

Additions

Payments and reversals

(14)

(27)

(41)

Balance - August 2, 2025

$—

$3

$3