The Company continued to improve operational efficiencies through targeted restructuring activities during the third quarter of fiscal year 2026. During the three and nine-month periods ended December 31, 2025, the Company recognized $6 million and $39 million of restructuring charges, respectively, most of which related to employee severance. Certain restructuring charges of $2 million are included in segment income.

The following table summarizes the provisions, respective payments, and remaining accrued balance for charges incurred as of December 31, 2025:


	Severance		Long-Lived Asset Impairment		Other Exit Costs		Total
	(In millions)
Balance as of March 31, 2025	$	51	$	—	$	—	$	51
Provision for net charges incurred	26		9		4		39
Cash payments	(47)		—		(4)		(51)
Non-cash reductions	—		(9)		—		(9)
Other adjustments	—		—		1		1
Balance as of December 31, 2025	30		—		1		31
Less: Current portion (classified as other current liabilities)	30		—		1		31
Accrued restructuring costs, net of current portion (classified as other non-current liabilities)	$	—	$	—	$	—	$	—