v3.24.1.u1
RESTRUCTURING AND ASSET RELATED CHARGES - NET (Tables)
3 Months Ended
Mar. 31, 2024
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Charges
The following table summarizes the charges incurred by segment related to the 2023-2024 Restructuring Program:
2023-2024 Restructuring Program Charges by SegmentThree Months Ended March 31, 2024
(In millions)
Electronics & Industrial$8 
Water & Protection 1
22 
Corporate & Other6 
Total$36 
1.Amount excludes raw materials inventory write-offs recorded during the three months ended March 31, 2024. Refer to Note 21 for additional information.
Schedule of Restructuring Activities
The following table summarizes the activities related to the 2023-2024 Restructuring Program:
2023-2024 Restructuring ProgramSeverance and Related Benefit CostAsset Related ChargesTotal
In millions
Reserve balance at December 31, 2023$79 $— $79 
Restructuring charges 1
23 13 36 
Charges against the reserve(2)(13)(15)
Cash payments(17)— (17)
Reserve balance at March 31, 2024
$83 $— $83 
1.Amount excludes raw materials inventory write-offs recorded during the three months ended March 31, 2024 impacting the Water & Protection segment. Refer to Note 21 for additional information.