The Este Lauder Companies Inc. (EL) filed an 8-K/A to provide updated details on its Profit Recovery and Growth Plan (PRGP) and associated restructuring program. The PRGP was launched on November 1, 2023, to rebuild profit margins in fiscal years 2025 and 2026. The initial restructuring program, committed on February 1, 2024, was expected to incur charges between $500 million and $700 million (before tax). On February 3, 2025, the company committed to an expansion of the PRGP and restructuring program, which began in fiscal 2025 third quarter. The expanded Restructuring Program now expects total charges between $1,200 million and $1,600 million (before tax). Cumulative initiatives under the Restructuring Program are expected to be approved by the end of fiscal 2026 and substantially completed by the end of fiscal 2027. The program focuses on reorganization, rightsizing, process simplification, outsourcing, and evolving go-to-market strategies to rebuild operating margin and fuel reinvestment. New initiatives approved since January 30, 2026, primarily relate to reorganizing and simplifying the global marketing and creative operating model, leading to a net reduction in workforce. Cumulative restructuring and other charges approved through March 31, 2026, total approximately $1,367 million (before tax). These charges include $15 million in Sales Returns, $3 million in Cost of Sales, $976 million in Operating Expenses, and $373 million in Other Charges. The $976 million in restructuring charges primarily consists of $827 million for employee-related costs, $91 million for asset-related costs, $26 million for contract terminations, and $32 million for other exit costs.