Restructuring and Related Activities |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Restructuring and Related Activities [Abstract] | |
| Restructuring and Related Activities Disclosure | RESTRUCTURING In February 2025, the Company approved and initiated a restructuring program to streamline our organization given the significantly lower number of countries that we operate in. Additionally, we right-sized our development company to focus on executing on the backlog and pursuing larger but fewer projects to better serve our core customers. No restructuring charges were recognized during the three months ended March 31, 2026. From inception, the cumulative amount of restructuring costs incurred to date as of March 31, 2026 was $54 million. During the three months ended March 31, 2025, pre-tax restructuring charges related to employee severance costs were $48 million, of which $ was classified within Cost of sales and $8 million was classified as General and administrative expenses on the Condensed Consolidated Statements of Operations. During the three months ended March 31, 2025, $17 million was recognized at the Energy Infrastructure SBU, $16 million at the Renewables SBU, $5 million at the Utilities SBU, and $10 million at Corporate and Other. As of December 31, 2025, $5 million of pre-tax restructuring charges were reflected within Accrued and other liabilities on the Condensed Consolidated Balance Sheets. During the three months ended March 31, 2026, the Company made cash payments of $3 million. As of March 31, 2026, $2 million of pre-tax restructuring charges were reflected within Accrued and other liabilities on the Condensed Consolidated Balance Sheets.
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