v3.25.2
Restructuring Charges (Tables)
 6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Components of restructuring and asset impairment charges
The following table presents the components of restructuring expense and asset impairment charges:
Three Months EndedSix Months Ended
June 30,June 30,
(in millions)2025202420252024
By component:
Severance and other charges$21 $8 $39 $17 
Asset impairment1 15 1 16 
Reversal of restructuring accruals— — (1)(1)
Total restructuring costs$22 $23 $39 $32 
Asset impairment charges4 — 8 1 
Total restructuring and asset impairment charges$26 $23 $47 $33 
By segment:
Water Infrastructure$9 $1 $22 $6 
Applied Water9 — 12 1 
Measurement and Control Solutions5 — 6 — 
Water Solutions and Services1 22 5 24 
Corporate and other2 — 2 2 
Restructuring Accruals
The following table displays a roll-forward of the restructuring accruals, presented on our Condensed Consolidated Balance Sheets within "Accrued and other current liabilities" and "Other non-current accrued liabilities", for the six months ended June 30, 2025 and 2024:
(in millions)20252024
Restructuring accruals - January 1$25 $24 
Restructuring costs, net39 32 
Cash payments(36)(18)
Asset impairment(1)(16)
Stock based compensation expense included within AOCL
— (2)
Foreign currency and other2 (1)
Restructuring accruals - June 30$29 $19 
By segment:
Water Infrastructure$4 $2 
Applied Water2 1 
Measurement and Control Solutions2 5 
Water Solutions and Services3 6 
Regional selling locations (a)18 3 
Corporate and other— 2 
(a)Regional selling locations consist primarily of selling and marketing organizations and related support services that incurred restructuring expense that was allocated to the segments. The liabilities associated with restructuring expense were not allocated to the segments.
Expected Restructuring Costs
The following table presents expected restructuring spend in 2025 and thereafter:
(in millions)Water InfrastructureApplied WaterMeasurement and Control SolutionsWater Solutions and ServicesCorporateTotal
Actions Commenced in 2025:
Total expected costs$37 $23 $8 $5 $4 $77 
Costs incurred during Q1 202512 2 1 1 — 16 
Costs incurred during Q2 20258 9 3 1 — 21 
Total expected costs remaining$17 $12 $4 $3 $4 $40 
Actions Commenced in 2024:
Total expected costs$15 $6 $1 $29 $1 $52 
Costs incurred in 202414 5 1 28 1 49 
Costs incurred during Q1 2025— 1 — — — 1 
Costs incurred during Q2 20251 — — — — 1 
Total expected costs remaining$— $— $— $1 $— $1