Subsequent Events |
9 Months Ended |
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May 31, 2022 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
Note 16. Subsequent Event
On June 27, 2022, the Company approved a new restructuring plan in connection with the initiatives identified as part of the ASCEND transformation program (see Note 3, “ASCEND Transformation Program”) to drive greater efficiency and productivity in global selling, general and administrative resources. The total costs of this plan are estimated at $6 to $10 million, will be predominately employee-related costs impacting both IT&S and Corporate, and will be incurred over the next 24 months, ending in the fourth quarter of fiscal year 2024. As the ASCEND transformation program continues to develop, additional restructuring actions associated with other elements of the program may be initiated in future periods.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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