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...Aurinia executed a corporate restructuring in the first quarter that reduced employee headcount by approximately 25 % and discontinued its AUR300 research and development program. For further discussion, refer to Note 19, Restructuring. On November 7, 2024, Aurinia announced it was implementing a strategic restructuring to sharpen the Company's focus...

...RESTRUCTURING ACTIVITIES Fiscal 2024 Oracle Restructuring Plan During the first quarter of fiscal 2024, our management approved, committed to and initiated plans to restructure and further improve efficiencies in our operations due to our acquisitions and certain other operational activities (2024 Restructuring Plan). The total estimated restructuring costs associated with...

...Troubled Debt Restructurings and Vintage Disclosures." The amendments in this update eliminate the accounting guidance for troubled debt restructurings while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. The amendments in this update also require that an entity disclose current...

...17 Table of Contents The total expected restructuring costs, the restructuring costs recognized, and the remaining expected restructuring costs related to the 2023 Projects were as follows: In thousands Total Expected Costs at March 31, 2023 Costs Recognized in Prior Periods Costs Recognized During the Three Months Ended March 31...

...17 Table of Contents The total expected restructuring costs, the restructuring costs recognized, and the remaining expected restructuring costs related to the 2023 Projects were as follows: In thousands Total Expected Costs at March 31, 2023 Costs Recognized in Prior Periods Costs Recognized During the Three Months Ended March 31...

...The Company’s ownership and operational structure through September 30, 2024 were the result of (i) certain mergers with affiliates of Brookfield completed on September 30, 2019 (the “Mergers”) and the subsequent restructuring completed on October 1, 2019 in connection with the Mergers (the “2019 Restructuring”), (ii) the restructuring completed...

...The Company’s ownership and operational structure through September 30, 2024 were the result of (i) certain mergers with affiliates of Brookfield completed on September 30, 2019 (the “Mergers”) and the subsequent restructuring completed on October 1, 2019 in connection with the Mergers (the “2019 Restructuring”), (ii) the restructuring completed...

...MMA Restructuring Plan On October 2, 2025, the Company approved a restructuring plan to permanently close its methyl methacrylate (“MMA”) production operations in Rho, Italy and its acetone cyanohydrin (“ACH”) production operations in Porto Marghera, Italy (the “MMA Restructuring Plan”). The MMA Restructuring Plan is intended to streamline the company...

...MMA Restructuring Plan On October 2, 2025, the Company approved a restructuring plan to permanently close its methyl methacrylate (“MMA”) production operations in Rho, Italy and its acetone cyanohydrin (“ACH”) production operations in Porto Marghera, Italy (the “MMA Restructuring Plan”). The MMA Restructuring Plan is intended to streamline the company...

...There were no acquisition and integration costs during the nine months ended June 30, 2023. (4) Restructuring Project Momentum Restructuring - In November 2022, the Board of Directors approved a profit recovery program, Project Momentum, which includes an enterprise-wide restructuring focused on recovering operating margins, optimizing our manufacturing, distribution and...

...Restructuring for further information on restructuring charges. NOTE 15. RESTRUCTURING Restructuring charges primarily consist of employee separation benefits under existing severance programs, foreign statutory termination benefits, certain one-time termination benefits, contract termination costs, asset impairment charges and other costs that are associated with restructuring actions. Certain restructuring charges are...

...Restructuring for further information on restructuring charges. NOTE 15. RESTRUCTURING Restructuring charges primarily consist of employee separation benefits under existing severance programs, foreign statutory termination benefits, certain one-time termination benefits, contract termination costs, asset impairment charges and other costs that are associated with restructuring actions. Certain restructuring charges are...

...Restructuring and Asset-Related Charges We engage in restructuring activities focused on improving productivity and operating margins. Restructuring costs primarily relate to costs associated with workforce reductions, plant consolidations and closures, and changes to the management structure to align with our operations. Other restructuring associated costs primarily consist of equipment...

...Restructuring and Asset Impairment Charges Restructuring From time to time, the Company will incur costs related to restructuring actions in order to optimize our cost base and more strategically position itself. During the three and nine months ended September 30, 2022, we incurred restructuring costs of $ 3 million and $ 9...

...The restructuring actions relate to cost reduction initiatives and consist primarily of workforce reductions in EMEA. The restructuring actions are expected to be substantially completed by fiscal 2026. Restructuring costs are included in restructuring and impairment costs in the consolidated statements of income (loss). The following tables summarize the changes...

...Restructuring and Asset Impairment Charges Restructuring During the three and six months ended June 30, 2025, we incurred restructuring charges of $22 million and $39 million, respectively. During the three and six months ended June 30, 2024, we incurred restructuring charges of $23 million and $32 million, respectively For the...

...Non-current restructuring liability 6 - 6 Current restructuring liability at September 30, 2025 $ 32 $ 12 $ 44 11 Table o f Contents 2024 Structural Cost Plan In June 2024, the Company approved an approximately $ 75 million restructuring plan to address the cost structure in its PowerDrive Systems segment due to electric...

...Notes to Unaudited Condensed Financial Statements Restructuring, Impairment and Costs of Suspended Programs The Company recognizes restructuring charges related to the 2025 Restructuring when liabilities have been incurred. In connection with these activities, the Company records restructuring charges at fair value for: • severance and benefit expense in full for employees...

...Restructuring Support Agreement On April 14, 2020, the Company Parties entered into a Restructuring Support Agreement (the Restructuring Support Agreement) with certain of its noteholders (the Consenting Noteholders) , pursuant to which the Consenting Noteholders agreed, subject to certain terms and conditions, to support a financial restructuring (the Restructuring) of the...

...Restructuring Support Agreement On April 14, 2020, the Company Parties entered into a Restructuring Support Agreement (the Restructuring Support Agreement) with certain of its noteholders (the Consenting Noteholders) , pursuant to which the Consenting Noteholders agreed, subject to certain terms and conditions, to support a financial restructuring (the Restructuring) of the...