Company: SNPS
Filing Date: 2025-12-22
Form Type: 10-K
Source: 0000883241-25-000028
Chunk: 97

Company: SYNOPSYS INC
Filing Date: 2025-12-22
Form: 10-K
Item: Item 7
Chunk 97
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 under the 2026 Plan are expected to be in the range of $300.0 million and $350.0 million, and will consist primarily of severance costs, other one-time termination benefits and facility exit costs. The 2026 Plan is anticipated to be completed by the end of fiscal 2027, with majority of the workforce reduction in fiscal 2026.

See Note 20. Restructuring Charges of the Notes to Consolidated Financial Statements in this Annual Report for additional information.

Interest Expense

 Year Ended October 31,$ Change% Change$ Change% Change 2025202420232025 vs. 20242024 vs. 2023 (dollars in millions)Interest expense$(446.7)$(36.8)$(2.7)$(409.9)1114 %$(34.1)1263 %Percentage of total revenue(6)%(1)%— %

The increase in interest expense for fiscal 2025 as compared to fiscal 2024 was primarily due to interest on the Senior Notes and the borrowings under the Term Loan Agreement in fiscal 2025 in connection with the Ansys Merger.

The increase in interest expense for fiscal 2024 as compared to fiscal 2023 was primarily due to the amortization of bridge financing costs in fiscal 2024. See Note 10. Senior Notes, Bridge Commitment Letter, Term Loan and Revolving Credit Facilities of the Notes to Consolidated Financial Statements in this Annual Report for further detail on our debt obligations.

46

Other Income (Expense), Net

 Year Ended October 31,$ Change% Change$ Change% Change 2025202420232025 vs. 20242024 vs. 2023 (dollars in millions)Interest income$277.7 $67.0 $36.7 $210.7 314 %$30.3 83 %Gain on divestitures548.9 — — 548.9 100 %— — %Gains on assets related to deferred compensation plan65.5 85.4 20.2 (19.9)(23)%65.2 323 %Gain on sale of building51.4 1.9 — 49.5 2,605 %1.9 100 %Gain (loss) on sale of strategic investments(3.6)55.