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


	Fiscal Year Ended August 31,
	2026(1)		2025(2)		2024(3)
Employee severance and benefit costs	$	44	$	58	$	177
Lease costs	4		6		2
Asset write-off costs	35		53		79
Other costs	14		64		38
Total restructuring, severance and related charges(4)	$	97	$	181	$	296

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

(4)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):


	Fiscal Year Ended August 31,
	2026		2025		2024
Total restructuring, severance and related charges:
Regulated Industries	$	57	$	80	$	75
Intelligent Infrastructure	10		34		69
Connected Living and Digital Commerce	30		21		84
Non-allocated charges	—		46		68
Total	$	97	$	181	$	296

The table below summarizes the Company’s liability activity during the fiscal year ended August 31, 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	44		4		35		14		97
Asset write-off charge and other non-cash activity	—		—		(35)		(12)		(47)
Cash payments	(50)		(4)		—		(15)		(69)
Balance as of August 31, 2026	$	10	$	—	$	—	$	4	$	14

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 August 31, 2026.

On September 26, 2023, the Company’s Board of Directors approved a restructuring plan to (i) realign the Company’s cost base for stranded costs associated with the Company’s sale and realignment of the Mobility Business and (ii) optimize the Company’s global footprint. This action includes headcount reductions across our SG&A cost base and capacity realignment (the “2024 Restructuring Plan”).

The 2024 Restructuring Plan, totaling approximately $300 million in pre-tax restructuring and other related costs, was substantially complete as of August 31, 2024.