Restructuring, Severance, and Related Charges

3 Months Ended

Nov. 30, 2025

Restructuring and Related Activities [Abstract]

Restructuring, Severance, and Related Charges

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


	Three months ended
		November 30, 2025(1)		November 30, 2024(2)
Employee severance and benefit costs		$	32	$	27
Lease costs		—		3
Asset write-off costs		31		23
Other costs		13		30
Total restructuring, severance and related charges(3)		$	76	$	83

(1)Primarily related to targeted restructuring activities to optimize our cost structure and improve operational efficiencies.

(2)Primarily related to the 2025 Restructuring Plan.

(3)Except for asset write-off costs, all restructuring, severance and related charges are cash costs.

The following table presents the Company’s restructuring, severance, and related charges disaggregated by segment (in millions):


	Three months ended
		November 30, 2025		November 30, 2024
Total restructuring, severance and related charges:
Regulated Industries		$	45	$	21
Intelligent Infrastructure		5		29
Connected Living and Digital Commerce		25		6
Non-allocated charges		1		27
Total		$	76	$	83

The table below summarizes the Company’s liability activity during the three months ended November 30, 2025 (in millions):


	Employee Severance and Benefit Costs		Lease Costs		Asset Write-off Costs		Other Related Costs		Total
Balance as of August 31, 2025	$	16	$	—	$	—	$	17	$	33
Restructuring related charges	32		—		31		13		76
Asset write-off charge and other non-cash activity	—		—		(31)		(10)		(41)
Cash payments	(23)		—		—		(6)		(29)
Balance as of November 30, 2025	$	25	$	—	$	—	$	14	$	39

2025 Restructuring Plan

On September 24, 2024, the Company’s Board of Directors approved a restructuring plan to align our support infrastructure to further optimize organizational effectiveness. This action includes headcount reductions across our Selling, General, and Administrative (“SG&A”) and manufacturing cost base and capacity realignment (the “2025 Restructuring Plan”).

The 2025 Restructuring Plan, totaling approximately $200 million in pre-tax restructuring and other related costs, was substantially complete as of November 30, 2025.