The Este Lauder Companies Inc. is filing an amendment to its Form 8-K to provide further details on specific initiatives approved under its Profit Recovery and Growth Plan (PRGP). The PRGP, initially announced on November 1, 2023, aims to rebuild profit margins in fiscal years 2025 and 2026 through a two-year restructuring program. The company committed to an expanded restructuring program on February 1, 2024, with cumulative approved initiatives expected to be substantially completed by the end of fiscal 2027. The expanded program focuses on reorganization, process simplification, outsourcing, and evolving go-to-market strategies. As of June 30, 2026, cumulative approved restructuring and other charges are expected to total approximately $1,748 million (before tax). These charges include employee-related costs ($1,044 million), asset-related costs ($196 million), contract terminations ($28 million), and other exit costs ($44 million) related to restructuring. Additional charges include sales returns ($43 million), cost of sales ($15 million), operating expenses ($1,312 million), and other charges ($378 million) totaling $1,748 million.