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13. INTEGRATION COSTS
($ in millions)
           
  FY2026E FY2027E FY2028E FY2029E FY2030E
ONE-TIME INTEGRATION COSTS          
Severance & Restructuring ($75) ($40) ($10) - -
IT Systems Migration ($30) ($25) ($15) - -
Facilities Closure / Relocation ($20) ($15) ($5) - -
Rebranding & Marketing ($15) ($10) - - -
Total One-Time Integration Costs ($140) ($90) ($30) - -
           
After-Tax Integration Costs ($105) ($68) ($23) - -
Cumulative Integration Costs ($140) ($230) ($260) ($260) ($260)
           
NET SYNERGY vs. INTEGRATION          
Total Synergies (Pre-Tax) $163 $315 $488 $600 $600
Total Integration Costs ($140) ($90) ($30) - -
Net Synergy Benefit $23 $225 $458 $600 $600
Note: Integration costs are one-time charges expected over 2–3 years post-close. Blue = editable inputs. Source: Management integration plan estimates.