Company: LW
Filing Date: 2025-09-30
Form Type: 10-Q
Source: 0001679273-25-000070
Chunk: 48

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-09-30
Form: 10-Q
Item: Part I, Item 8
Chunk 48
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 (c)— 8.1 8.1 Professional services and other— 22.0 22.0 $1.8 $30.1 $31.9 ___________________________________________(a)These charges were included in Cost of sales and Restructuring expense in the Company’s Consolidated Statement of Earnings. They are included as “unallocated corporate costs” before being reconciled in the Segment Adjusted EBITDA to Net income table in Note 13, Segments, of these Condensed Notes to the Consolidated Financial Statements. (b)In the thirteen weeks ended August 24, 2025, all expenses relate to plant charges.(c)Includes employee severance and other one-time termination benefits related to reductions in headcount under the Cost Savings Program.Accruals remaining under the Plans are recorded as current liabilities within “Accounts payable” and “Accrued liabilities” in the accompanying Consolidated Balance Sheet at August 24, 2025. The following is a roll-forward of restructuring activity:(in millions)Restructuring Plan Cost Savings ProgramTotalAccrued restructuring liability, May 25, 2025$21.5 $— $21.5 Additions1.8 30.1 31.9 Payments(18.9)(7.2)(26.1)Accrued restructuring liability, August 24, 2025$4.4 $22.9 $27.3 

5. INVENTORIES

Inventories are valued at the lower of cost (determined using the first-in, first-out method) or net realizable value and include all costs directly associated with manufacturing products: materials, labor, and manufacturing overhead. The components of inventories were as follows:

(in millions)August 24,2025May 25,2025Raw materials and packaging$127.6 $171.5 Finished goods668.4 755.7 Supplies and other110.8 108.2 Inventories$906.8 $1,035.4 

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6. PROPERTY, PLANT AND EQUIPMENT

The components of property, plant and equipment were as follows:(in millions)August 24,2025May 25,2025Land and land improvements$210.2 $191.6 Buildings, machinery and equipment5,491.9 5,136.3 Furniture, fixtures, office