Restructuring, Severance, and Related Charges

6 Months Ended

Feb. 28, 2026

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				Six months ended
	February 28, 2026(1)		February 28, 2025(2)		February 28, 2026(1)		February 28, 2025(2)
Employee severance and benefit costs	$	1	$	18	$	33	$	45
Lease costs	—		1		—		4
Asset write-off costs	1		4		32		27
Other costs	3		22		16		52
Total restructuring, severance and related charges(3)	$	5	$	45	$	81	$	128

(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				Six months ended
	February 28, 2026		February 28, 2025		February 28, 2026		February 28, 2025
Total restructuring, severance and related charges:
Regulated Industries	$	1	$	3	$	46	$	24
Intelligent Infrastructure	1		21		6		50
Connected Living and Digital Commerce	3		(1)		28		5
Non-allocated charges	—		22		1		49
Total	$	5	$	45	$	81	$	128

The table below summarizes the Company’s liability activity during the six months ended February 28, 2026 (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	33		—		32		16		81
Asset write-off charge and other non-cash activity	—		—		(32)		(12)		(44)
Cash payments	(34)		—		—		(9)		(43)
Balance as of February 28, 2026	$	15	$	—	$	—	$	12	$	27

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.