During the three-month periods ended June 27, 2026 and June 28, 2025, the Company recorded $3.0 million and $6.4 million, respectively, of restructuring charges associated with severance and benefit costs. A summary of current period activity in the restructuring reserve related to the Company's restructuring activities is as follows:


	Severance and Benefit Costs		Total
	(millions)
Balance at March 28, 2026	$	25.8	$	25.8
Additions charged to expense	3.0		3.0
Cash payments applied against reserve	(7.8)		(7.8)

Balance at June 27, 2026	$	21.0	$	21.0

The Company began a multi-year global project during its fiscal year ended March 30, 2024 that is expected to significantly transform the way in which it operates its business and further enable its long-term strategic pivot towards a global direct-to-consumer-oriented model (the "Next Generation Transformation project" or "NGT project"). The NGT project will span the next several years, with implementation occurring in phases by region and/or capability, and involves the redesign of certain end-to-end processes and the implementation of a suite of technology systems on a global scale. These efforts are expected to result in significant process improvements and the creation of synergies across core areas of operations, as well as financial planning and reporting, better enabling the Company to optimize inventory levels and increase the speed with which it reacts to changes in consumer demand across markets, among other benefits.

The Company continues to advance key workstreams under the NGT project including completion of global design templates that support its core enterprise resource planning platform and related processes, automation of certain distribution center operations, and the global roll-out of merchandise allocation and long-range demand planning tools.

In connection with the NGT project, the Company recorded other charges of $20.8 million and $11.0 million during the three-month periods ended June 27, 2026 and June 28, 2025, respectively.