Restructuring, transformation, and impairment charges (recoveries) were as follows:


	Quarter Ended		Nine-Month Period Ended
In Millions	Feb. 22, 2026	Feb. 23, 2025	Feb. 22, 2026	Feb. 23, 2025
Supply chain actions	$25.1	$—	$75.4	$—
Other intangible asset impairment	—	—	52.9	—
Charges (recoveries) associated with restructuring and transformation actions previously announced	7.7	(0.6)	47.9	3.6
Total	$32.8	$(0.6)	$176.2	$3.6

In the third quarter of fiscal 2026, we did not undertake any new restructuring or transformation actions. We recorded $25.1 million of

restructuring charges in the third quarter of fiscal 2026 and $75.4 million of restructuring charges in the nine-month period ended

February 22, 2026, related to the multi-year organizational initiative to increase the competitiveness of our supply chain approved in

the second quarter of fiscal 2026. In the third quarter of fiscal 2026, we increased the estimate of restructuring charges that we expect

to incur related to these supply chain actions due to the identification of additional opportunities. As a result, we expect to incur a total

of approximately $96 million of restructuring charges for this initiative, of which approximately $28 million will be cash. These

charges are expected to consist of approximately $66 million of asset write-offs and $30 million of other costs, including severance.

We recorded $7.7 million of restructuring and transformation charges in the third quarter of fiscal 2026 and $47.9 million of

restructuring and transformation charges in the nine-month period ended February 22, 2026, related to actions previously announced.

We recorded a $0.6 million net recovery of restructuring charges in the third quarter of fiscal 2025 and $3.6 million of restructuring

charges in the nine-month period ended February 23, 2025, related to restructuring actions previously announced. We expect these

We paid net $67.1 million of cash in the nine-month period ended February 22, 2026, related to restructuring and transformation

actions. We paid net $7.0 million of cash in the same period of fiscal 2025.

In the second quarter of fiscal 2026, we recorded a $52.9 million non-cash impairment charge related to our Uncle Toby’s brand

Restructuring, transformation, and impairment charges (recoveries) are recorded in our Consolidated Statements of Earnings as


	Quarter Ended		Nine-Month Period Ended
In Millions	Feb. 22, 2026	Feb. 23, 2025	Feb. 22, 2026	Feb. 23, 2025
Restructuring, transformation, impairment, and other exit costs (recoveries)	$24.4	$(0.8)	$162.8	$2.6
Cost of sales	8.4	0.2	13.4	1.0
Total restructuring, transformation, and impairment charges (recoveries)	$32.8	$(0.6)	$176.2	$3.6

The roll forward of our restructuring, transformation, and other exit cost reserves, included in other current liabilities, is as follows:


In Millions	Total
Reserve balance as of May 25, 2025	$77.1
Fiscal 2026 charges, including foreign currency translation	4.7
Utilized in fiscal 2026	(28.8)
Reserve balance as of Feb. 22, 2026	$53.0

The restructuring, transformation, and other exit cost reserves balance as of February 22, 2026, is primarily related to severance costs.

The charges recognized in the roll forward of our reserves for restructuring, transformation, and other exit costs do not include items

charged directly to expense (e.g., asset write-offs, asset impairment charges, and the gain or loss on the sale of restructured assets) and

other periodic exit costs recognized as incurred, as those items are not reflected in our restructuring, transformation, and other exit cost