During the first quarter of fiscal year 2024, the Company began a multi‑year restructuring program (the “Restructuring Program”) and incurred charges related to contract terminations, asset write‑downs, employee‑related costs, and other transformation-related expenses.

For the fiscal year ended June 30, 2026, expenses associated with the Restructuring Program in the amount of $22,039, $5,224, and $10, respectively, were recorded in productivity and transformation costs, cost of sales, and long-lived asset and intangibles impairment, respectively, on the consolidated statements of operations. For the fiscal year ended June 30, 2025, expenses associated with the Restructuring Program in the amount of $21,530, $2,685 and $1,599 were recorded in productivity and transformation costs, long-lived asset and intangibles impairment, and cost of sales, respectively, on the consolidated statements of operations. The table below sets forth expenses associated with the Restructuring Program for the fiscal years ended June 30, 2026 and 2025 by reportable segment and Corporate and Other.

The following table displays the activities and liability balances relating to the Restructuring Program for the fiscal years ended June 30, 2026 and 2025. The Company expects to pay the remaining accrued restructuring costs during the next 12 months.

1Employee-related costs include $833 of severance related to executive officer succession.
2Represents non-cash asset write-downs including asset impairment and accelerated depreciation.
3Other transformation-related expenses primarily include consultancy charges related to reorganization of global functions and related personnel resource requirements, and rationalizing sourcing and supply chain processes.