Restructuring, Severance and Related Charges (Tables)

9 Months Ended

May 31, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring, Severance and Related Charges

Following is a summary of the Company’s restructuring, severance and related charges (in millions):

	Three months ended				Nine months ended
	May 31, 2023(1)		May 31, 2022		May 31, 2023(1)		May 31, 2022
Employee severance and benefit costs	$	—	$	—	$	36	$	1
Lease costs	—		—		—		(1)
Asset write-off costs	—		—		5		—
Other costs	—		—		4		—
Total restructuring, severance and related charges(2)	$	—	$	—	$	45	$	—

(1)Primarily relates to headcount reduction to further optimize the Company’s business activities and includes $0 million and $4 million recorded in the EMS segment, $0 million and $33 million recorded in the DMS segment and $0 million and $8 million of non-allocated charges for the three months and nine months ended May 31, 2023, respectively. Except for asset write-off costs, all restructuring, severance and related charges are cash costs.

(2)The restructuring liability is $25 million as of May 31, 2023, which primarily relates to employee severance and benefit costs incurred in fiscal year 2022 and the nine months ended May 31, 2023. We expect the majority of the severance to be paid during fiscal year 2023.