
	Three months ended				Nine months ended
	May 31, 2025(1)		May 31, 2024(2)		May 31, 2025(1)		May 31, 2024(2)
Employee severance and benefit costs	$	5	$	33	$	50	$	156
Lease costs	2		1		6		2
Asset write-off costs	7		17		34		72
Other costs	2		4		54		22
Total restructuring, severance and related charges(3)	$	16	$	55	$	144	$	252


	Three months ended				Nine months ended
	May 31, 2025		May 31, 2024		May 31, 2025		May 31, 2024
Total restructuring, severance and related charges:
Regulated Industries	$	7	$	7	$	49	$	43
Intelligent Infrastructure	8		23		32		63
Connected Living and Digital Commerce	—		8		20		86
Non-allocated charges	1		17		43		60
Total	$	16	$	55	$	144	$	252

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 reflects the Company’s intention only and restructuring decisions, and the timing of such decisions, at certain locations are still subject to consultation with the Company’s employees and their representatives.

The Company expects to recognize approximately $200 million in pre-tax restructuring and other related costs over the course of the Company’s 2025 fiscal year. The charges relating to the 2025 Restructuring Plan are currently expected to result in net cash expenditures of approximately $100 million to $130 million that will be payable over the course of the Company’s fiscal years 2025 and 2026. The restructuring and other related charges are expected to include $60 million to $70 million of employee severance and benefit costs; $65 million to $70 million of asset write-off costs; and $55 million to $65 million of contract termination costs and other related costs. The amount and timing of the actual charges may vary due to a variety of factors, including the finalization of timetables for the transition of functions, consultation with employees and their representatives, as well as the impact of jurisdictional statutory severance requirements. The Company’s estimates for the charges discussed above exclude any potential income tax effects.

The table below summarizes the Company’s liability activity, primarily associated with the 2025 Restructuring Plan (in millions):


	Employee Severance and Benefit Costs		Lease Costs		Asset Write-off Costs		Other Related Costs		Total
Balance as of August 31, 2024	$	—	$	—	$	—	$	—	$	—
Restructuring related charges	55		6		26		48		135
Asset write-off charge and other non-cash activity	—		—		(26)		(25)		(51)
Cash payments	(45)		(6)		—		(8)		(59)
Balance as of May 31, 2025	$	10	$	—	$	—	$	15	$	25

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 table below summarizes the Company’s liability activity, primarily associated with the 2024 Restructuring Plan (in millions):


	Employee Severance and Benefit Costs		Lease Costs		Asset Write-off Costs		Other Related Costs		Total
Balance as of August 31, 2024	$	66	$	1	$	—	$	5	$	72
Restructuring related charges	(5)		—		8		6		9
Asset write-off charge and other non-cash activity	—		—		(8)		(2)		(10)
Cash payments	(48)		(1)		—		(7)		(56)
Balance as of May 31, 2025	$	13	$	—	$	—	$	2	$	15