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Restructuring | 6 Months Ended
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Jan. 31, 2025
Restructuring and Related Activities [Abstract] |
Restructuring |
13. Restructuring
In July 2024, our management approved, committed to, and initiated a plan of reorganization (the Plan) focused on reallocating resources to our key growth areas. The Plan includes the exit of employees and the closing of real estate sites in certain markets in service to growing technology teams and capabilities in strategic locations. The actions associated with the Plan were substantially complete in the first quarter of fiscal 2025. Total restructuring costs associated with the Plan are estimated to be approximately $236 million. During the six months ended January 31, 2025, we recorded a $13 million charge in connection with the Plan. This charge is primarily related to severance, employee benefits, and site closure costs and is recorded to restructuring in our condensed consolidated statements of operations. Any changes to the estimates of executing the Plan will be reflected in future results of operations. The following table summarizes the activity for the Plan.
(In millions) | Accrued July 31, 2024 |  | Additional Costs/ Adjustments |  | Cash Payments |  | Non-Cash Items |  | Accrued January 31, 2025 |  | Total Costs Incurred to Date |  | Total Expected Plan Cost
Global Business Solutions | $ | 84 |  |  | $ | 4 |  |  | $ | (81) |  |  | $ | — |  |  | $ | 7 |  |  | $ | 100 |  |  | $ | 100 |
Consumer | 9 |  |  | — |  |  | (9) |  |  | — |  |  | — |  |  | 9 |  |  | 9 |
Credit Karma | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
ProTax | 2 |  |  | — |  |  | (2) |  |  | — |  |  | — |  |  | 2 |  |  | 2 |
Corporate (1) | 92 |  |  | 9 |  |  | (90) |  |  | (5) |  |  | 6 |  |  | 125 |  |  | 125 |
Totals | $ | 187 |  |  | $ | 13 |  |  | $ | (182) |  |  | $ | (5) |  |  | $ | 13 |  |  | $ | 236 |  |  | $ | 236 |
(1)Restructuring costs within corporate relate to platform expenses and other administrative functions that are not allocated to the segments. The liability for restructuring charges is included in accrued compensation and related liabilities in the accompanying condensed consolidated balance sheets.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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