The Company continued to improve operational efficiencies through targeted restructuring activities during the first quarter of fiscal year 2027. During the three-month periods ended June 26, 2026, the Company recognized $2 million of restructuring and impairment charges, of which $1 million related to employee severance and $1 million for impairment.

The following table summarizes the provisions, respective payments, and remaining accrued balance for restructuring charges incurred as of June 26, 2026:


	Severance
	(In millions)
Balance as of March 31, 2026	$	63
Provision for net charges incurred	1
Cash payments	(22)
Non-cash reductions	—
Balance as of June 26, 2026	42
Less: Current portion (classified as other current liabilities)	42
Accrued restructuring costs, net of current portion (classified as other non-current liabilities)	$	—