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Impairment, Restructuring and Other Costs | 9 Months Ended
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Oct. 30, 2021
Restructuring Costs And Asset Impairment Charges [Abstract] |
Impairment, Restructuring and Other Costs |
2. | Impairment, Restructuring and Other Costs
|  | 13 Weeks Ended |  |  | 39 Weeks Ended |
|  | October 30, 2021 |  |  | October 31, 2020 |  |  | October 30, 2021 |  |  | October 31, 2020 |
|  | (millions) |
Impairments |  | $ | (10 | ) |  | $ | 6 |  |  | $ | 10 |  |  | $ | 3,170 |
Restructuring |  |  | — |  |  |  | 2 |  |  |  | (1 | ) |  |  | 196 |
Other |  |  | 10 |  |  |  | 12 |  |  |  | 12 |  |  |  | 79 |
Total |  | $ | — |  |  | $ | 20 |  |  | $ | 21 |  |  | $ | 3,445 |
During the 39 weeks ended October 31, 2020, primarily as a result of the COVID-19 pandemic, the Company incurred non-cash impairment charges totaling $3,170 million, the majority of which was recognized during the first quarter of 2020 and consisted of:
| • | $3,080 million of goodwill impairments, with $2,982 million attributable to the Macy's reporting unit and $98 million attributable to the bluemercury reporting unit.
| • | $90 million of impairments primarily related to long-lived tangible and right of use assets to adjust the carrying value of certain store locations to their estimated fair value.
A summary of the restructuring and other cash activity for the 13 and 39 weeks ended October 30, 2021 and October 31, 2020 related to the Polaris strategy, which was announced in February 2020 and included within accounts payable and accrued liabilities, is as follows:
|  | Severance and other benefits |  |  | Professional fees and other related charges |  |  | Total |
|  | (millions) |
Balance at February 1, 2020 |  | $ | 115 |  |  | $ | 9 |  |  | $ | 124 |
Additions charged to expense |  |  | 25 |  |  |  | 7 |  |  |  | 32 |
Cash payments |  |  | (82 | ) |  |  | (6 | ) |  |  | (88 | )
Balance at May 2, 2020 |  |  | 58 |  |  |  | 10 |  |  |  | 68 |
Additions charged to expense |  |  | 15 |  |  |  | 6 |  |  |  | 21 |
Cash payments |  |  | (67 | ) |  |  | (6 | ) |  |  | (73 | )
Balance at August 1, 2020 |  |  | 6 |  |  |  | 10 |  |  |  | 16 |
Additions charged to expense |  |  | 1 |  |  |  | 4 |  |  |  | 5 |
Cash payments |  |  | (6 | ) |  |  | (10 | ) |  |  | (16 | )
Balance at October 31, 2020 |  | $ | 1 |  |  | $ | 4 |  |  | $ | 5 |
|  | Severance and other benefits |  |  | Professional fees and other related charges |  |  | Total |
|  | (millions) |
Balance at January 30, 2021 |  | $ | 14 |  |  | $ | 2 |  |  | $ | 16 |
Additions charged to expense |  |  | 5 |  |  |  | — |  |  |  | 5 |
Cash payments |  |  | (16 | ) |  |  | (2 | ) |  |  | (18 | )
Balance at May 1, 2021 |  |  | 3 |  |  |  | — |  |  |  | 3 |
Additions charged to expense |  |  | — |  |  |  | — |  |  |  | — |
Cash payments |  |  | (1 | ) |  |  | — |  |  |  | (1 | )
Balance at July 31, 2021 |  |  | 2 |  |  |  | — |  |  |  | 2 |
Additions charged to expense |  |  | — |  |  |  | — |  |  |  | — |
Cash payments |  |  | (1 | ) |  |  | — |  |  |  | (1 | )
Balance at October 30, 2021 |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |

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- References No definition available. + Details
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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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