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


	Three months ended				Nine months ended
	May 31, 2026(1)		May 31, 2025(2)		May 31, 2026(1)		May 31, 2025(2)
Employee severance and benefit costs	$	5	$	5	$	38	$	50
Lease costs	3		2		3		6
Asset write-off costs	2		7		34		34
Other costs	(3)		2		13		54
Total restructuring, severance and related charges(3)	$	7	$	16	$	88	$	144

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

(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, 2026		May 31, 2025		May 31, 2026		May 31, 2025
Total restructuring, severance and related charges:
Regulated Industries	$	9	$	7	$	55	$	49
Intelligent Infrastructure	2		8		8		32
Connected Living and Digital Commerce	—		—		28		20
Non-allocated charges	(4)		1		(3)		43
Total	$	7	$	16	$	88	$	144

The table below summarizes the Company’s liability activity during the nine months ended May 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	38		3		34		13		88
Asset write-off charge and other non-cash activity	—		—		(34)		(12)		(46)
Cash payments	(42)		(3)		—		(13)		(58)
Balance as of May 31, 2026	$	12	$	—	$	—	$	5	$	17

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.