Restructuring charges incurred in the third quarter and first nine months of fiscal 2020 were $(7) million and $41 million, respectively, related to U.S. retail operating model changes. Restructuring charges incurred in the third quarter and first nine months of fiscal 2019 were $0 million and $47 million, respectively, related to Best Buy Mobile.

In the second quarter of fiscal 2020, we made changes primarily related to our U.S. retail operating model to increase organization effectiveness and create a more seamless customer experience across all channels. All charges incurred relate to termination benefits from continuing operations and are presented in Restructuring charges on our Condensed Consolidated Statements of Earnings.

The following table summarizes our restructuring accrual activity during the first nine months of fiscal 2020 ($ in millions):


	Termination Benefits
Balance at February 2, 2019	$	-
Charges		48
Cash payments		(23)
Adjustments⁽¹⁾		(7)
Balance at November 2, 2019	$	18

(1)Adjustments are related to higher-than-expected employee retention, and therefore lower severance expenses.

On March 1, 2018, we announced our intent to close all of our 257 remaining Best Buy Mobile stand-alone stores in the U.S. This decision was a result of changing economics in the mobile industry since we began opening these stores in 2006, along with the integration of our mobile model into our core stores and online channel, which are more economically compelling today. All restructuring charges related to this plan are from continuing operations and are presented in Restructuring charges on our Condensed Consolidated Statements of Earnings.



	Three Months Ended ‎November 3, 2018		Nine Months Ended ‎November 3, 2018		Cumulative Amount ‎as of November 2, 2019
Property and equipment impairments	$	-	$	-	$	1
Termination benefits		-		(2)		6
Facility closure and other costs		-		49		49
Total restructuring charges	$	-	$	47	$	56

The following table summarizes our restructuring accrual activity during the first nine months of fiscal 2019 ($ in millions):



	Termination Benefits		Facility Closures ‎and Other Costs		Total
Balances at February 3, 2018	$	8	$	-	$	8
Charges		1		49		50
Cash payments		(6)		(48)		(54)
Adjustments⁽¹⁾		(3)		-		(3)
Balances at November 3, 2018	$	-	$	1	$	1