{"url_path":"/sec/intu/8-k/2026-05-20/item-2-05","section_key":"item-2-05","section_title":"Item 2.05 COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-20","source_url":"https://www.sec.gov/Archives/edgar/data/896878/0000896878-26-000024-index.html","accession_number":"0000896878-26-000024","cik":"0000896878","ticker":"INTU","issuer_name":"INTUIT INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/896878/0000896878-26-000024-index.html","primary_entity_key":"0000896878","primary_entity_name":"INTUIT INC."},"word_count":218,"has_tables":true,"body_markdown":"ITEM 2.05 COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES.\n\nOn May 20, 2026, the Company announced a plan (the “Plan”) to simplify its organizational structure and become a faster, leaner, more focused company. As part of the Plan, the Company will reduce its full-time workforce by approximately 17% and is considering the closure of certain of its sites in service to growing technology teams and capabilities in strategic locations.\n\nThe Company estimates that it will incur approximately $300 million to $340 million in charges in connection with the Plan, primarily in its fourth fiscal quarter ending July 31, 2026. The Company expects these charges to consist primarily of future cash expenditures related to severance payments and employee benefits. The Company expects substantially all of the actions associated with the Plan to be completed by its first fiscal quarter ending October 31, 2026, subject to local law and consultation requirements.\n\nThe estimate of the charges that the Company expects to incur in connection with the Plan, and the timing thereof, are subject to a number of assumptions, including local law requirements in various jurisdictions, and actual amounts may differ materially from estimates. In addition, the Company may incur other charges not currently contemplated due to unanticipated events that may occur, including in connection with the implementation of the Plan."}