
	Three Months Ended				Nine Months Ended
	November 2, 2024		October 28, 2023		November 2, 2024		October 28, 2023
Fiscal 2024 Restructuring Initiative	$	(4)	$	-	$	6	$	-
Fiscal 2023 Resource Optimization Initiative		-		-		(2)		(16)
Total	$	(4)	$	-	$	4	$	(16)

During the fourth quarter of fiscal 2024, we commenced an enterprise-wide restructuring initiative intended to accomplish the following: (1) align field labor resources with where customers want to shop to optimize the customer experience; (2) redirect corporate resources for better alignment with our strategy; and (3) right-size resources to better align with our revenue outlook for fiscal 2025.

All charges incurred related to this initiative were comprised of employee termination benefits from continuing operations and were presented within Restructuring charges on our Condensed Consolidated Statements of Earnings as follows ($ in millions):


	Three Months Ended		Nine Months Ended		Cumulative Amount
	November 2, 2024		November 2, 2024		As of November 2, 2024
Domestic	$	(4)	$	6	$	169
International		-		-		8
Total	$	(4)	$	6	$	177

Restructuring accrual activity related to this initiative was as follows ($ in millions):



	Termination Benefits
	Domestic		International		Total
Balances at February 3, 2024	$	163	$	8	$	171
Charges		17		1		18
Cash payments		(82)		(2)		(84)
Adjustments⁽¹⁾		(11)		(1)		(12)
Balances at November 2, 2024	$	87	$	6	$	93

(1)Represents adjustments primarily related to higher-than-expected employee retention from previously planned organizational changes.

We do not expect to incur material future restructuring charges related to this initiative.

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. All charges incurred related to this initiative were comprised of employee termination benefits from continuing operations and were presented within Restructuring charges on our Condensed Consolidated Statements of Earnings.

We recorded reductions to employee termination benefits in the first nine months of fiscal 2025 and fiscal 2024, primarily within our Domestic segment, related to higher-than-expected employee retention. Cumulative charges incurred related to this initiative as of November 2, 2024, were $125 million, comprised of $122 million and $3 million within our Domestic and International segments, respectively. We do not expect to incur material future restructuring charges related to this initiative, and no material liability remains as of November 2, 2024.