In the first three months of fiscal 2027, management approved a restructuring plan to redirect resources to the highest return activities and reduce costs. Charges related to the plan consisted primarily of employee severance-related costs. The activities under the plan are expected to be substantially complete by the end of fiscal 2027.

Activities related to our restructuring plans are summarized as follows (in millions):


	Three Months Ended
	July 31, 2026			July 25, 2025
Balance at beginning of period	$	6		$	51
Net charges		56			2
Cash payments		(22	)		(37	)
Balance at end of period	$	40		$	16

Liabilities for our restructuring activities are included in accrued expenses in our condensed consolidated balance sheets.