Restructuring

12 Months Ended

Jul. 31, 2025

Restructuring and Related Activities [Abstract]


15. Restructuring

In July 2024, our management approved, committed to, and initiated a plan of reorganization (the Plan) focused on reallocating resources to our key growth areas. The Plan included the exit of employees and the closing of real estate sites in certain markets to support growing technology teams and capabilities in strategic locations. The actions associated with the Plan were substantially complete in the first quarter of fiscal 2025. Total restructuring costs associated with the Plan were $238 million. During the twelve months ended July 31, 2025 and 2024, we recorded charges in connection with the Plan of $15 million and $223 million, respectively. These charges are primarily related to severance and employee benefits and are recorded to restructuring in our consolidated statements of operations.

The following table summarizes the activity for the Plan by segment.


(In millions)	Accrued July 31, 2024		Additional Costs/Adjustments		Cash Payments		Non-Cash Items		Accrued July 31, 2025		Total Costs Incurred to Date		Total Expected Plan Cost
Global Business Solutions	$	84	$	5	$	(86)	$	—	$	3	$	101	$	101
Consumer	9		—		(9)		—		—		9		9
Credit Karma	—		—		—		—		—		—		—
ProTax	2		—		(2)		—		—		2		2
Corporate	92		10		(97)		(5)		—		126		126
Totals	$	187	$	15	$	(194)	$	(5)	$	3	$	238	$	238


	Accrued July 31, 2023		Initial Costs		Cash Payments		Non-Cash Items		Accrued July 31, 2024
Global Business Solutions	$	—	$	96	$	—	$	(12)	$	84
Consumer	—		9		—		—		9
Credit Karma	—		—		—		—		—
ProTax	—		2		—		—		2
Corporate	—		116		—		(24)		92
Totals	$	—	$	223	$	—	$	(36)	$	187

The liability for restructuring charges is included in accrued compensation and related liabilities in the accompanying consolidated balance sheets.