v3.26.1
RESTRUCTURING CHARGES (Tables)
 6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Program Charges
A summary of restructuring program charges is as follows:
Three months ended
June 30		Six months ended
June 30
(In millions except for per share data)2026202520262025
Workforce reductions$18 $7 $42 $19 
Plant closing and other6 17 20 23 
Total before income taxes24 24 62 42 
Income tax benefit5 5 13 9 
Total after income taxes$19 $18 $49 $33 
Per ordinary share - diluted$0.05 $0.05 $0.13 $0.08 
Restructuring program charges (income) related to the following business segments:
Three months ended
June 30		Six months ended
June 30		Restructuring program charges incurred from inception through
(In millions)2026202520262025June 30, 2026
Electrical Americas$10 $9 $11 $10 $38 
Electrical Global9 5 40 19 191 
Aerospace— — — — 19 
Mobility(2)4 3 6 98 
Corporate6 6 9 7 51 
Total$24 $24 $62 $42 $397 
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, 2024
$35 $6 $41 
Liability recognized, net120 83 202 
Payments, utilization and translation(59)(81)(141)
Balance at December 31, 2024
96 7 103 
Liability recognized, net1
81 52 133 
Payments, utilization and translation(67)(51)(118)
Balance at December 31, 2025
109 8 118 
Liability recognized, net42 20 62 
Payments, utilization and translation(43)(21)(65)
Balance at June 30, 2026
$108 $7 $115 
1The restructuring program liability was adjusted by $12 million in the fourth quarter of 2025 primarily related to true-ups for completed workforce reductions in the Mobility business segment.