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...Restructuring and impairment charges Three Months Ended April 2, 2023 March 27, 2022 Restructuring and impairment charges $ 2.2 $ 2.4 Restructuring charges for the three months ended April 2, 2023 primarily consisted of termination benefits related to the 2022 restructuring plan. Ongoing restructuring plans We have ongoing restructuring initiatives...

...Restructuring In December 2023, our management approved a new global restructuring program (the “2023 Restructuring Plan”) intended to optimize our cost structure and drive greater efficiencies throughout the company. The 2023 Restructuring Plan is expected to result in total pre-tax restructuring charges of approximately $ 120 million. The pre-tax...

...Restructuring In December 2023, our management approved a new global restructuring program (the “2023 Restructuring Plan”) intended to optimize our cost structure and drive greater efficiencies throughout the company. The 2023 Restructuring Plan is expected to result in total pre-tax restructuring charges of approximately $ 120 million. The pre-tax...

...Restructuring and Impairments Strategic Restructuring Plan In February 2024, the Company announced a strategic restructuring plan (the “Strategic Restructuring Plan”) designed to free up additional funds to invest in music and accelerate the Company’s growth for the next decade. Under the Strategic Restructuring Plan, the Company expects a reduction...

...Restructuring and Asset Impairment Charges From time to time, the Company will incur costs related to restructuring actions in order to optimize our cost base and more strategically position ourselves. During the three months ended March 31, 2021, we recognized restructuring charges of $ 5 million, of which $ 4 million relates...

...RESTRUCTURING AND RELATED CHARGES FY21 Restructuring Actions In the September quarter of fiscal 2020, we announced the initiation of restructuring actions in Germany associated with our simplification/modernization initiative to reduce structural costs. Subsequently, we also announced the acceleration of our other structural cost reduction plans including the closure of...

...The restructuring actions relate to cost reduction initiatives and consist primarily of workforce reductions and lease contract terminations. The restructuring actions are expected to be substantially completed by fiscal 2022. During fiscal 2020, Adient committed to a restructuring plan ("2020 Plan") of $205 million. Of the restructuring costs recorded, $20...

...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 Nine...

...Gross profit margin decreased 610 basis points to 23.0%, primarily driven by an increase in restructuring and restructuring-related charges and cost inflation, partially offset by favorable product mix. Molding Technology Solutions gross profit included restructuring and restructuring-related charges of $12.0 in 2024. Excluding these charges, adjusted...

...RESTRUCTURING 2025 Restructuring Program : In the second quarter of 2025, we initiated a new restructuring program (the “2025 Restructuring Program”) aimed at enhancing operational efficiency and achieving cost savings through the adoption of advanced technologies, including artificial intelligence. The program is centered around two key initiatives: Process Optimization and Workforce...

...RESTRUCTURING 2025 Restructuring Program : In the second quarter of 2025, we initiated a new restructuring program (the “2025 Restructuring Program”) aimed at enhancing operational efficiency and achieving cost savings through the adoption of advanced technologies, including artificial intelligence. The program is centered around two key initiatives: Process Optimization and Workforce...

...Restructuring charges and project-related costs Restructuring charges and project-related costs related to a commercial strategy restructuring action and previously announced restructuring actions recorded in fiscal 2024. Restructuring charges for previously announced restructuring actions recorded in fiscal 2023. Please see Note 3 to the Consolidated Financial Statements in Part...

...Amounts related to the reorganization of operations in China are included within Other restructuring. Restructuring Accruals. The following table summarizes the accrual balance and utilization for restructuring actions, which are primarily for severance costs: (dollars in millions) UpLift Actions Other Actions Total Restructuring Actions Restructuring accruals as of December 31...

...NOTES TO CONSOLIDATED FINANCIAL STATEMENTS LBF Program Restructuring and Other Charges Total cumulative charges recorded associated with restructuring and other activities for the LBF Program were: (In millions) Sales Returns (included in Net Sales) Cost of Sales Operating Expenses Total Restructuring Charges Other Charges Total Charges (Adjustments) Cumulative through June...

...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 charges and project-related costs Restructuring charges and project-related costs related to commercial strategy restructuring actions and previously announced restructuring actions recorded in fiscal 2024. Restructuring charges for previously announced restructuring actions recorded in fiscal 2023. Please see Note 3 to the Consolidated Financial Statements in Part I...

...Restructuring Restructuring charges were as follows ($ in millions): Three Months Ended Nine Months Ended November 1, 2025 November 2, 2024 November 1, 2025 November 2, 2024 Fiscal 2026 Labor and Store Optimization Initiative $ ( 1 ) $ - $ 121 $ - Best Buy Health Optimization and China Sourcing Initiative ( 3 ) - 102 - Fiscal 2024 Restructuring Initiative ( 1...

...Restructuring In December 2023, our management approved a new global restructuring program (the “2023 Restructuring Plan”) intended to optimize our cost structure and drive greater efficiencies throughout the company. The 2023 Restructuring Plan is expected to result in total pre-tax restructuring charges of approximately $ 120 million. The pre-tax...

...Restructuring In December 2023, our management approved a new global restructuring program (the “2023 Restructuring Plan”) intended to optimize our cost structure and drive greater efficiencies throughout the company. The 2023 Restructuring Plan is expected to result in total pre-tax restructuring charges of approximately $ 120 million. The pre-tax...