| ← Cover Page | ||||||
| 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. | ||||||