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 remaining stores in Mexico were closed in the first quarter of fiscal 2022 and we do not expect to incur material future restructuring charges related to the exit.

Charges incurred in our Domestic segment primarily related to actions taken to align our organizational structure in support of our strategy. During the first quarter of fiscal 2022, 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. As we continue to evolve our strategy, it is possible that we will incur material future restructuring costs, but we are unable to forecast the timing and magnitude of such costs.

All charges incurred related to the exit from Mexico and strategic realignment described above were from continuing operations and were presented as follows ($ in millions):


	Statement of	Three Months Ended May 1, 2021						Cumulative as of April 30, 2022
	Earnings Location	Domestic		International		Total		Domestic		International		Total
Inventory markdowns	Cost of sales	$	-	$	(6)	$	(6)	$	-	$	17	$	17
Asset impairments⁽¹⁾	Restructuring charges		-		3		3		10		63		73
Termination benefits	Restructuring charges		(44)		(1)		(45)		83		19		102
Currency translation adjustment	Restructuring charges		-		-		-		-		39		39
Other⁽²⁾	Restructuring charges		-		-		-		-		6		6
		$	(44)	$	(4)	$	(48)	$	93	$	144	$	237

(1)Remaining net carrying value approximates fair value and was immaterial as of April 30, 2022.

There were no material restructuring charges in the first quarter of fiscal 2023 and no material liability remains.