v3.23.3
RESTRUCTURING CHARGES (Tables)
 9 Months Ended
Sep. 30, 2023
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Program Charges
A summary of restructuring program charges is as follows:
Three months ended
September 30		Nine months ended
September 30
(In millions except for per share data)2023202220232022
Workforce reductions$— $5 $17 $11 
Plant closing and other7 17 29 38 
Total before income taxes7 22 46 49 
Income tax benefit1 4 9 10 
Total after income taxes$5 $18 $37 $39 
Per ordinary share - diluted$0.01 $0.04 $0.09 $0.10 
Restructuring program charges related to the following segments:
Three months ended
September 30		Nine months ended
September 30
(In millions)2023202220232022
Electrical Americas$— $4 $4 $14 
Electrical Global5 8 22 14 
Aerospace1 2 4 6 
Vehicle1 2 4 8 
eMobility— — 6 — 
Corporate— 5 6 7 
Total$7 $22 $46 $49 
Schedule of Liabilities Related to Restructuring A summary of liabilities related to workforce reductions, plant closing, and other associated costs is as follows:
(In millions)Workforce reductionsPlant closing and otherTotal
Balance at January 1, 2020$— $— $— 
Liability recognized
172 42 214 
Payments, utilization and translation(33)(39)(72)
Balance at December 31, 2020139 3 142 
Liability recognized
21 57 78 
Payments, utilization and translation(64)(52)(116)
Balance at December 31, 2021
96 8 104 
Liability recognized, net1
(13)47 33 
Payments, utilization and translation(45)(51)(96)
Balance at December 31, 2022
38 4 41 
Liability recognized, net17 29 46 
Payments
(15)(27)(41)
Balance at September 30, 2023
$40 $6 $46 
1The restructuring program liability was adjusted by $30 million in 2022 related to true-ups for completed workforce reductions and the decision not to close a facility in the Vehicle segment that was previously included in the program.