v3.25.3
RESTRUCTURING CHARGES AND SEPARATION COSTS (Tables)
9 Months Ended
Sep. 30, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs This table is inclusive of all restructuring charges and the charges are shown below for the business where they originated. Separately, in
our reported segment results, major restructuring programs are excluded from measurement of segment operating performance for internal
and external purposes; those excluded amounts are reported in Restructuring and other charges. See Note 23 for further information.
RESTRUCTURING AND OTHER CHARGES
Three months ended September 30
Nine months ended September 30
2025
2024
2025
2024
Workforce reductions
$74
$48
$144
$159
Plant closures and associated costs and other asset write-downs
5
160
37
251
Acquisition/disposition net charges and other
8
(1)
17
7
Total restructuring and other charges
$86
$207
$197
$417
Cost of equipment and services
$14
$148
$92
$268
Selling, general, and administrative expenses
72
59
105
149
Total restructuring and other charges
$86
$207
$197
$417
Power
$34
$192
$58
$289
Wind
15
52
117
Electrification
22
49
17
Other
28
38
(6)
Total restructuring and other charges(a)
$86
$207
$197
$417
(a) Includes $14 million and $144 million for the three months ended and $56 million and $237 million for the nine months ended
September 30, 2025 and 2024, respectively, primarily of non-cash impairment, accelerated depreciation, and other charges not
reflected in the liability table below.
RESTRUCTURING LIABILITIES
2025
2024
Balance as of January 1
$308
$276
Additions
141
180
Payments
(126)
(198)
Foreign exchange and other
(21)
108
Balance as of September 30
$302
$366