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Restructuring | 6 Months Ended
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Jul. 30, 2022
Restructuring [Abstract] |
Restructuring | 2. Restructuring Restructuring charges were as follows ($ in millions):
| Three Months Ended |  | Six Months Ended
| July 30, 2022 |  | July 31, 2021 |  | July 30, 2022 |  | July 31, 2021
Fiscal 2023 Resource Optimization Initiative |  | $ | 34 |  |  | $ | - |  |  | $ | 34 |  |  | $ | - |
Mexico Exit and Strategic Realignment(1) |  | - |  |  |  | 4 |  |  |  | 1 |  |  |  | (44) |
Total | $ | 34 |  |  | $ | 4 |  |  | $ | 35 |  |  | $ | (44) |
(1)Includes ($6) million related to inventory markdowns recorded in Cost of Sales on our Condensed Consolidated Statements of Earnings for the six months ended July 31, 2021. Fiscal 2023 Resource Optimization Initiative In light of ongoing changes in business trends, during the second quarter of fiscal 2023, we commenced an enterprise-wide initiative to better align our spending with critical strategies and operations, as well as to optimize our cost structure. We incurred $34 million of charges in our Domestic segment related to termination benefits. We currently expect to incur additional charges through the remainder of fiscal 2023, primarily within our Domestic segment, of approximately $40 million to $65 million related to this initiative. All charges incurred related to this plan were from continuing operations and were presented within Restructuring charges on our Condensed Consolidated Statements of Earnings. There were $1 million of cash payments related to this initiative during the second quarter of fiscal 2023, and our remaining termination benefits liability as of July 30, 2022, was $33 million. Mexico Exit and Strategic Realignment In the third quarter of fiscal 2021, we made the decision to exit our operations in Mexico and began taking other actions to more broadly align our organizational structure in support of our strategy. Charges incurred in our International segment primarily related to our decision to exit our operations in Mexico. All of our former stores in Mexico were closed as of the first quarter of fiscal 2022. Charges incurred in our Domestic segment primarily related to actions taken to align our organizational structure in support of our strategy. During the six months ended July 31, 2021, we recorded a $44 million credit primarily due to a reduction in expected termination benefits resulting from adjustments to previously planned organizational changes and higher-than-expected employee retention. All charges incurred related to this plan were from continuing operations and were presented as follows ($ in millions):
| Statement of | Three Months Ended July 31, 2021 |  | Six Months Ended July 31, 2021
| Earnings Location | Domestic |  | International |  | Total |  | Domestic |  | International |  | Total
Inventory markdowns | Cost of sales | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | (6) |  |  | $ | (6) |
Asset impairments | Restructuring charges |  | - |  |  |  | 4 |  |  |  | 4 |  |  |  | - |  |  |  | 7 |  |  |  | 7 |
Termination benefits | Restructuring charges |  | - |  |  |  | - |  |  |  | - |  |  |  | (44) |  |  |  | (1) |  |  |  | (45) |
|  |  |  |  | $ | - |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | (44) |  |  | $ | - |  |  | $ | (44) |
| Statement of | Cumulative Amount as of July 30, 2022
| Earnings Location |  |  |  | Domestic |  | International |  | Total
Inventory markdowns | Cost of sales |  |  |  | $ | - |  |  | $ | 17 |  |  | $ | 17 |
Asset impairments(1) | Restructuring charges |  |  |  |  | 10 |  |  |  | 63 |  |  |  | 73 |
Termination benefits | Restructuring charges |  |  |  |  | 83 |  |  |  | 19 |  |  |  | 102 |
Currency translation adjustment | Restructuring charges |  |  |  |  | - |  |  |  | 39 |  |  |  | 39 |
Other(2) | Restructuring charges |  |  |  |  | - |  |  |  | 6 |  |  |  | 6 |
|  |  |  |  | $ | 93 |  |  | $ | 144 |  |  | $ | 237 |
(1)Remaining net carrying value approximates fair value and was immaterial as of July 30, 2022. (2)Other charges are primarily comprised of contract termination costs. We do not expect to incur material future restructuring charges related to the exit from Mexico or strategic realignment initiatives described above, and no material liability remains as of July 30, 2022.

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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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