Restructuring expenses in our consolidated statements of operations consist of severance and employee benefits and certain other exit costs from management-approved restructuring plans that were developed for strategic purposes, as further described below. The liability for restructuring charges is included in accrued compensation and related liabilities in the accompanying consolidated balance sheets.

In May 2026, our management approved and initiated a plan of reorganization (the 2026 Plan) to simplify the company’s organizational structure and become a faster, leaner, more focused company. As part of the 2026 Plan, we are reducing our full-time workforce and are closing certain sites in service to growing technology teams and capabilities in strategic locations. We expect the actions associated with the 2026 Plan to be substantially complete by the first quarter of fiscal 2027. Total restructuring costs associated with the 2026 Plan are estimated to be approximately $315 million. During the twelve months ended July 31, 2026, we recorded a $293 million charge in connection with the 2026 Plan. This charge was primarily related to severance and employee benefits and was recorded to restructuring in our consolidated statements of operations. Actual costs may vary from the estimates provided above.


(In millions)	Accrued July 31, 2025		Initial Costs		Cash Payments		Non-Cash Items		Accrued July 31, 2026		Total Costs Incurred to Date		Total Expected Plan Cost
Global Business Solutions	$	—	$	51	$	(1)	$	—	$	50	$	51	$	52
Consumer	—		28		(1)		—		27		28		34
Corporate	—		214		(2)		(12)		200		214		229
Totals	$	—	$	293	$	(4)	$	(12)	$	277	$	293	$	315

In July 2024, our management approved and initiated a plan of reorganization (the 2024 Plan) focused on reallocating resources to our key growth areas. The 2024 Plan included the exit of employees and the closing of real estate sites in certain markets to support growing technology teams and capabilities in strategic locations. The actions associated with the 2024 Plan were substantially complete in the first quarter of fiscal 2025. Total restructuring costs associated with the 2024 Plan were $238 million. During the twelve months ended July 31, 2025 and 2024, we recorded charges in connection with the 2024 Plan of $15 million and $223 million, respectively. These charges are primarily related to severance and employee benefits and were recorded to restructuring in our consolidated statements of operations.


(In millions)	Accrued July 31, 2025		Additional Costs/Adjustments		Cash Payments		Non-Cash Items		Accrued July 31, 2026
Global Business Solutions	$	3	$	—	$	(3)	$	—	$	—
Consumer	—		—		—		—		—
Corporate	—		—		—		—		—
Totals	$	3	$	—	$	(3)	$	—	$	—


	Accrued July 31, 2023		Initial Costs		Non-Cash Items		Accrued July 31, 2024		Additional Costs/Adjustments		Cash Payments		Non-Cash Items		Accrued July 31, 2025
Global Business Solutions	$	—	$	96	$	(12)	$	84	$	5	$	(86)	$	—	$	3
Consumer	—		11		—		11		—		(11)		—		—
Corporate	—		116		(24)		92		10		(97)		(5)		—
Totals	$	—	$	223	$	(36)	$	187	$	15	$	(194)	$	(5)	$	3