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Restructuring and Other Charges | 6 Months Ended
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Jan. 28, 2023
Restructuring Charges [Abstract] |
Restructuring and Other Charges | Restructuring and Other Charges In the second quarter of fiscal 2023, we announced a restructuring plan (the “Fiscal 2023 Plan”), in order to rebalance the organization and enable further investment in key priority areas. This rebalancing includes talent movement options and restructuring. Additionally, we have begun optimizing our real estate portfolio, aligned to the broader hybrid work strategy. The total pretax charges are estimated to be approximately $600 million and is expected to impact approximately 5% of our global workforce. In connection with the Fiscal 2023 Plan, we incurred charges of $243 million for the second quarter and first six months of fiscal 2023. These aggregate pretax charges will be primarily cash-based and will consist of severance and other one-time termination benefits, real estate-related charges, and other costs. We expect the plan to be substantially completed by the end of the first quarter of fiscal 2024. The following tables summarize the activities related to the restructuring and other charges (in millions):
|  | FISCAL 2021 AND PRIOR PLANS |  | FISCAL 2023 PLAN |  |
|  | Employee Severance |  | Other |  | Employee Severance |  | Other |  | Total
Liability as of July 30, 2022 |  | $ | 2 |  |  | $ | 7 |  |  | $ | — |  |  | $ | — |  |  | $ | 9 |
Charges |  | — |  |  | (2) |  |  | 223 |  |  | 20 |  |  | 241 |
Cash payments |  | (1) |  |  | (1) |  |  | (49) |  |  | (1) |  |  | (52) |
Non-cash items |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Liability as of January 28, 2023 |  | $ | 1 |  |  | $ | 4 |  |  | $ | 175 |  |  | $ | 19 |  |  | $ | 199 |
|  | FISCAL 2020 AND PRIOR PLANS |  | FISCAL 2021 PLAN |  |
|  | Employee Severance |  | Other |  | Employee Severance |  | Other |  | Total
Liability as of July 31, 2021 |  | $ | — |  |  | $ | 10 |  |  | $ | 16 |  |  | $ | 8 |  |  | $ | 34 |
Charges |  | — |  |  | (5) |  |  | 10 |  |  | 3 |  |  | 8 |
Cash payments |  | — |  |  | (1) |  |  | (16) |  |  | — |  |  | (17) |
Non-cash items |  | — |  |  | — |  |  | — |  |  | (5) |  |  | (5) |
Liability as of January 29, 2022 |  | $ | — |  |  | $ | 4 |  |  | $ | 10 |  |  | $ | 6 |  |  | $ | 20 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI https://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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