Following is a summary of the Company’s restructuring, severance, and related charges (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | 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 | |
(1)Primarily relates to the 2025 Restructuring Plan. (2)Primarily relates to the 2024 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 | | 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 | |
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 | |
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 | |
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