v3.26.1
Restructuring and Employee Severance
12 Months Ended
Jun. 30, 2026
Restructuring Charges [Abstract]  
Restructuring and Employee Severance
3. Restructuring and Employee Severance
The following table summarizes restructuring and employee severance costs:
(in millions)202620252024
Employee-related costs $62 $61 $95 
Facility exit and other costs 44 27 80 
Total restructuring and employee severance$106 $88 $175 
Employee-related costs primarily consist of termination benefits provided to employees who have been involuntarily terminated, duplicate payroll costs, and retention bonuses incurred during transition periods. Facility exit and other costs primarily consist of project consulting fees, accelerated depreciation, professional project management and other service fees to support divestitures, costs associated with vacant facilities, and certain other divestiture-related costs.
Restructuring and employee severance costs in fiscal 2026 and 2025 primarily resulted from certain initiatives to rationalize our manufacturing operations and other cost-savings initiatives within our GMPD segment. Restructuring and employee severance costs in fiscal 2024 primarily resulted from certain projects resulting from the reviews of our strategy, portfolio, capital-allocation framework, and operations and from enterprise-wide cost-savings initiatives.
The following table summarizes activity related to liabilities associated with restructuring and employee severance:
(in millions)Employee-
Related Costs
Facility Exit
and Other Costs
Total
Balance at June 30, 2024$92 $$97 
Additions40 — 40 
Payments and other adjustments(53)(5)(58)
Balance at June 30, 202579 — 79 
Additions46  46 
Payments and other adjustments(70) (70)
Balance at June 30, 2026$55 $ $55