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Restructuring | 12 Months Ended
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May 31, 2023
Restructuring and Related Activities [Abstract] |
Restructuring | NOTE B — RESTRUCTURING We record restructuring charges associated with management-approved restructuring plans to either reorganize one or more of our business segments, or to remove duplicative headcount and infrastructure associated with our businesses. Restructuring charges can include severance costs to eliminate a specified number of associates, infrastructure charges to vacate facilities and consolidate operations, contract cancellation costs and other costs. We record the short-term portion of our restructuring liability in other accrued liabilities and the long-term portion, if any, in other long-term liabilities in our Consolidated Balance Sheets. MAP to Growth During 2018, we approved and implemented the initial phases of a multi-year restructuring plan, which is referred to as MAP to Growth. On May 31, 2021, we formally concluded MAP to Growth. However, certain projects identified prior to that date were completed during fiscal 2023. For MAP to Growth, we incurred $3.8 million, $6.3 million and $18.1 million of restructuring costs for the years ended May 31, 2023, 2022 and 2021, respectively. We have incurred $121.1 million of costs associated with this plan to date and we do not expect any future costs associated with this plan. MAP 2025 In August 2022, we approved and announced MAP 2025, which is a multi-year restructuring plan to build on the achievements of MAP to Growth and designed to improve margins by streamlining business processes, reducing working capital, implementing commercial initiatives to drive improved mix and sales force effectiveness and improving operating efficiency. Initial phases of the plan have focused on commercial initiatives, operational efficiencies, and procurement. Most activities under MAP 2025 are anticipated to be completed by the end of fiscal year 2025. The current total expected costs associated with this plan are outlined below. Throughout our MAP 2025 initiative, we will continue to assess and find areas of improvement and cost savings. As such, the final implementation of the aforementioned phases and total expected costs are subject to change. Following is a summary of the charges recorded in connection with MAP 2025 by reportable segment as well as the total expected costs related to projects identified to date:
|  | Year Ended |  | Cumulative Costs |  | Total Expected |
(In thousands) |  | May 31, 2023 |  | to Date |  | Costs |
CPG Segment: |  |  |  |  |  |  |
Severance and benefit costs |  | $ | 6,092 |  | $ | 6,092 |  | $ | 8,494 |
Facility closure and other related costs |  |  | - |  |  | - |  |  | 321 |
Total Charges |  | $ | 6,092 |  | $ | 6,092 |  | $ | 8,815 |
PCG Segment: |  |  |  |  |  |  |
Severance and benefit costs |  | $ | 1,148 |  | $ | 1,148 |  | $ | 3,155 |
Facility closure and other related costs |  |  | - |  |  | - |  |  | 1,000 |
Other asset write-offs (1) |  |  | 2,537 |  |  | 2,537 |  |  | 2,537 |
Total Charges |  | $ | 3,685 |  | $ | 3,685 |  | $ | 6,692 |
Consumer Segment: |  |  |  |  |  |  |
Severance and benefit costs |  | $ | 507 |  | $ | 507 |  | $ | 507 |
Facility closure and other related costs |  |  | 621 |  |  | 621 |  |  | 621 |
Total Charges |  | $ | 1,128 |  | $ | 1,128 |  | $ | 1,128 |
SPG Segment: |  |  |  |  |  |  |
Severance and benefit costs |  | $ | 805 |  | $ | 805 |  | $ | 1,751 |
Facility closure and other related costs |  |  | - |  |  | - |  |  | 4,359 |
Total Charges |  | $ | 805 |  | $ | 805 |  | $ | 6,110 |
Corporate/Other Segment: |  |  |  |  |  |  |
Severance and benefit (credits) |  | $ | (50 | ) | $ | (50 | ) | $ | (50 | )
Total Charges |  | $ | (50 | ) | $ | (50 | ) | $ | (50 | )
Consolidated: |  |  |  |  |  |  |
Severance and benefit costs |  | $ | 8,502 |  | $ | 8,502 |  | $ | 13,857 |
Facility closure and other related costs |  |  | 621 |  |  | 621 |  |  | 6,301 |
Other asset write-offs |  |  | 2,537 |  |  | 2,537 |  |  | 2,537 |
Total Charges |  | $ | 11,660 |  | $ | 11,660 |  | $ | 22,695 |
(1) Other restructuring costs are associated with the impairment of an indefinite-lived tradename as described below in Note C, "Goodwill and Other Intangible Assets," of the Consolidated Financial Statements. A summary of the activity in the restructuring reserves related to MAP 2025 is as follows:
(In thousands) | Severance and Benefits Costs |  | Facility Closure and Other Related Costs |  | Other Asset Write-Offs |  | Total |
Balance at June 1, 2022 | $ | - |  | $ | - |  | $ | - |  | $ | - |
Additions charged to expense |  | 8,502 |  |  | 621 |  |  | 2,537 |  |  | 11,660 |
Cash payments charged against reserve |  | (5,486 | ) |  | (121 | ) |  | - |  |  | (5,607 | )
Non-cash charges and other adjustments |  | (299 | ) |  | (500 | ) |  | (2,537 | ) |  | (3,336 | )
Balance at May 31, 2023 | $ | 2,717 |  | $ | - |  | $ | - |  | $ | 2,717 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI https://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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