v3.25.4
Restructuring and Other Charges
 12 Months Ended
Jan. 31, 2026
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges Restructuring and Other Charges
The following table summarizes the Company’s restructuring and other charges during fiscal 2026, 2025 and 2024:
Year Ended January 31,
202620252024
(dollars in millions)
Severance and termination benefit costs$4 $11 $28 
Lease impairment charges— — 28
Total$4 $11 $56 
The following table summarizes the Company’s restructuring liability related to severance and termination benefit costs that is included in Accrued expenses and other current liabilities on the consolidated balance sheets:
Severance and termination benefit costs
(dollars in millions)
Balance as of January 31, 2024
$24 
Restructuring charges11 
Cash payments(24)
Balance as of January 31, 2025
11 
Restructuring charges4 
Cash payments(11)
Balance as of January 31, 2026
$4 
Severance and termination benefits are provided primarily under ongoing arrangements and are accrued when the obligation is probable and the amount can be reasonably estimated.
During fiscal 2026, the Company recognized $4 million in restructuring costs related to an insignificant workforce reduction that is expected to be substantially complete by the first quarter of fiscal 2027.
During fiscal 2025, the Company recognized $11 million in restructuring costs that was substantially complete by the first quarter of fiscal 2026.
During fiscal 2024, the Company recognized $24 million in restructuring costs that was substantially complete by the first quarter of fiscal 2025. Other charges during fiscal 2024 included $28 million in lease impairments and $4 million in severance for separate insignificant workforce reductions.