Company: LW
Filing Date: 2025-09-30
Form Type: 10-Q
Source: 0001679273-25-000070
Chunk: 14

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-09-30
Form: 10-Q
Item: Part I, Item 1
Chunk 14
---
 and other one-time termination benefits related to headcount reductions. In connection with the Restructuring Plan, we have recognized $187.6 million of pre-tax charges since it was announced. We do not expect any future costs in connection with the Restructuring Plan at this time. For the thirteen weeks ended August 24, 2025, we recorded $31.9 million of pre-tax charges related to the Plans, all of which were cash charges.(in millions)Thirteen Weeks Ended August 24, 2025Expenses related to: (a)Restructuring PlanCost Savings ProgramTotalAccelerated depreciation, retirement of assets, and other plant charges (b)$1.8 $— $1.8 Employee-related costs (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