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...These (credits) charges are reflected in Restructuring and related charges (credits) in our Unaudited Condensed Consolidated Statements of Net Income. See Note 9, “Restructuring and Related Charges (Credits)” for more details on these credits and charges. For the impact of our restructuring program on diluted earnings per share, see the...

...The Company records approved charges associated with restructuring and other activities once the relevant accounting criteria have been met. Total cumulative charges recorded associated with restructuring and other activities for the PCBA Program were: Sales Returns (included in Net Sales) Cost of Sales Operating Expenses Total (In millions) Restructuring Charges...

...Following are the total restructuring and asset impairment charges, net of adjustments, recognized during the periods presented: Three Months Ended April 3, 2022 April 4, 2021 Restructuring and restructuring-related asset impairment charges $ 5,753 $ 2,697 Other asset impairments 6,389 4,149 Restructuring/Asset Impairment Charges $ 12,142...

...Three Months Ended March 31, 2023 April 1, 2022 Restructuring charges $ 1,064 $ 1,103 Acquisition and integration costs 382 1,936 Other general expenses 83 296 Total restructuring and other charges $ 1,529 $ 3,335 Restructuring programs The following table comprises restructuring and restructuring-related charges by income statement...

...Three Months Ended March 31, 2023 April 1, 2022 Restructuring charges $ 1,064 $ 1,103 Acquisition and integration costs 382 1,936 Other general expenses 83 296 Total restructuring and other charges $ 1,529 $ 3,335 Restructuring programs The following table comprises restructuring and restructuring-related charges by income statement...

...RESTRUCTURING 2024 Restructuring Program : The Company began a restructuring program (the “2024 Restructuring Program”) during the three months ended March 31, 2024 to drive our enterprise strategy and reduce our cost structure. The 2024 Restructuring Program will be executed in phases, focusing on waste reduction, reprioritizing our product and technology...

...RESTRUCTURING 2024 Restructuring Program : The Company began a restructuring program (the “2024 Restructuring Program”) during the three months ended March 31, 2024 to drive our enterprise strategy and reduce our cost structure. The 2024 Restructuring Program will be executed in phases, focusing on waste reduction, reprioritizing our product and technology...

...Restructuring and Other Charges Restructuring and other charges, net includes restructuring charges (credits) and impairment and accretion expense charges related to the lease assets of exited facilities. Refer to Note 14. Leases for additional information about exited facilities. In the three months ended June 30, 2022, restructuring and other charges...

...Restructuring and Other Charges Restructuring and other charges, net includes restructuring charges (credits) and impairment and accretion expense charges related to the lease assets of exited facilities. Refer to Note 14. Leases for additional information about exited facilities. In the three months ended June 30, 2022, restructuring and other charges...

...RESTRUCTURING ACTIVITIES In the fourth quarter of 2022, the Company began a restructuring initiative designed to reduce costs and streamline operations in support of enterprise prioritization efforts. The plan is expected to continue through 2023 and will include further prioritization, cost reductions, and organizational changes. For the three-month and...

...Restructuring, Acquisition, and Related Costs The following table summarizes restructuring, acquisition, and related costs in the accompanying consolidated statements of operations (in thousands): Three Months Ended April 2, April 3, 2021 2020 2020 restructuring $ 1,338 $ - 2019 restructuring 208 569 2018 restructuring - 86 Total restructuring charges 1,546 655 Acquisition...

...Restructuring, Acquisition, and Related Costs The following table summarizes restructuring, acquisition, and related costs in the accompanying consolidated statements of operations (in thousands): Three Months Ended April 2, April 3, 2021 2020 2020 restructuring $ 1,338 $ - 2019 restructuring 208 569 2018 restructuring - 86 Total restructuring charges 1,546 655 Acquisition...

...Restructuring Charges On June 11, 2025, the Board of Directors approved a strategic reprioritization and restructuring plan (the “2025 Restructuring”), pursuant to which the Company plans to shut down its UK facility and reduce the global workforce 7 Table of Contents across functions by approximately 30 %. Restructuring charges consist primarily...

...Restructuring Restructuring charges were as follows ($ in millions): Three Months Ended May 3, 2025 May 4, 2024 Best Buy Health Optimization and China Sourcing Initiative $ 111 $ - Fiscal 2024 Restructuring Initiative ( 2 ) 16 Fiscal 2023 Resource Optimization Initiative - ( 1 ) Total $ 109 $ 15 Best Buy Health Optimization and China Sourcing Initiative In...

...IMPAIRMENT, RESTRUCTURING AND OTHER Activity described herein is classified within the “Cost of sales-impairment, restructuring and other” and “Impairment, restructuring and other” lines in the Condensed Consolidated Statements of Operations. The following table details impairment, restructuring and other charges for each of the periods presented: Three Months Ended December...

...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 closure, and changes to the management structure to align with our operations. Other restructuring associated costs, primarily consist of equipment...

...Non-current restructuring liability 25 2 27 Current restructuring liability at March 31, 2022 $ 68 $ 9 $ 77 (in millions) Employee Termination Benefits Other Total Balance at January 1, 2021 $ 160 $ 13 $ 173 Restructuring expense, net 21 9 30 Cash payments ( 54 ) ( 12 ) ( 66 ) Balance at March 31, 2021 127 10...

...The Company’s ownership and operational structure through June 30, 2025 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 June 30, 2025 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...

...During the third quarter of 2021, the Company released $ 2 million of net restructuring expense due to a change in estimate related to previous restructuring actions. 8 During the second quarter of 2021, the Company approved and recorded $ 2 million of net restructuring expense for various restructuring actions, primarily impacting...