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Restructuring and Other Charges
 12 Months Ended
Sep. 26, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges Restructuring and Other Charges
During fiscal 2023, the Company implemented restructuring and separation initiatives relating to the Separation Transaction which continued through fiscal years 2024 and 2025 and are expected to be substantially completed by the end of calendar year 2025. Restructuring initiatives were also implemented during fiscal 2023 relating to our investment in PA Consulting, which are substantially completed. While restructuring activities for each of these programs are comprised mainly of employee termination costs, the separation activities and costs are primarily related to the engagement of outside services, dedicated internal personnel and other related costs dedicated to the Separation Transaction.
Collectively, the above-mentioned restructuring activities are referred to as “Restructuring and other charges”.
The following table summarizes the impacts of the Restructuring and other charges by operating segment for the years ended September 26, 2025, September 27, 2024 and September 29, 2023 (in thousands):
September 26, 2025September 27, 2024September 29, 2023
Infrastructure & Advanced Facilities$59,092 $128,529 $111,513 
PA Consulting2,224 6,382 14,706 
Total
61,316 134,911 126,219 
Amounts included in:
Operating profit (mainly selling, general and administrative expenses (“SG&A") (1)
61,316 169,844 129,596 
Other (Income), net (2)
— (34,933)(3,377)
$61,316 $134,911 $126,219 
(1)The years ended September 26, 2025, September 27, 2024 and September 29, 2023 included approximately $58.8 million, $163.4 million and $61.1 million, respectively, in restructuring and other charges relating to the Separation Transaction (primarily professional services and employee separation costs) and $2.2 million, $6.4 million and $14.3 million, respectively in restructuring and other charges relating to the Company's investment in PA Consulting (primarily employee separation costs). The year ended September 29, 2023 also included $49.1 million in charges mainly associated with real estate impairments, the majority of which related to Infrastructure & Advanced Facilities.
(2)The year ended September 27, 2024 included a $35.2 million realized gain on interest rate swaps settled during the fourth quarter of fiscal 2024. The year ended September 29, 2023 included gain of $3.4 million related to lease terminations.
The activity in the Company’s accrual for the Restructuring and other charges including the program activities described above for the year ended September 26, 2025 is as follows (in thousands):
Balance at September 27, 2024$44,935 
Net Charges61,316 
Payments & Other(91,735)
Balance at September 26, 2025$14,516 
The following table summarizes the Restructuring and other charges by major type of costs for the years ended September 26, 2025, September 27, 2024 and September 29, 2023 (in thousands):
September 26, 2025September 27, 2024September 29, 2023
Lease Abandonments and Impairments$— $49 $44,788 
Voluntary and Involuntary Terminations29,753 47,881 37,235 
Outside Services (1)
24,651 100,593 35,099 
Other (2)
6,912 (13,612)9,097 
Total$61,316 $134,911 $126,219 
(1)Amounts in the years ended September 26, 2025, September 27, 2024 and September 29, 2023 are mainly comprised of professional services relating to the Separation Transaction.
(2)Amounts in the years ended September 26, 2025, September 27, 2024 and September 29, 2023 are mainly comprised of activities associated with the Separation Transaction including a realized gain of $35.2 million on interest rate swaps settled during fourth quarter of fiscal 2024 and charges associated with the write off of fixed assets during fiscal 2023.
Cumulative amounts incurred to date for restructuring and other programs active at the end of fiscal 2025 by each major type of cost as of September 26, 2025 are as follows (in thousands):
Voluntary and Involuntary Terminations$109,042 
Outside Services158,475 
Other (1)
2,811 
Total$270,328 
(1)Cumulative amount