During the three months ended March 31, 2026, the Company recorded restructuring charges of $23 million. These charges included:


In millions	Three Months Ended March 31, 2026
Riceboro mill closure costs (a)	$	7
Resource and asset realignment - PS EMEA (b)	8
Resource and asset realignment - PS NA (c)	8
	$	23

(a) Includes severance charges of $3 million, the majority of which have been paid, and other costs of $4 million as of March 31, 2026.

(b) Includes severance charges of $4 million, of which $3 million is recorded in Accrued payroll and benefits in the accompanying condensed consolidated balance sheet as of March 31, 2026, and other costs of $4 million which were paid in the first quarter of 2026. The severance charges will be paid within the next twelve months.

(c) Includes severance charges of $6 million recorded in Accrued payroll and benefits in the accompanying condensed consolidated balance sheet as of March 31, 2026 and other costs of $2 million. The severance charges will be paid within the next twelve months.

During the three months ended March 31, 2025, the Company recorded restructuring charges of $83 million. The charges included:


In millions	Three Months Ended March 31, 2025
Red River mill closure costs (a)	$	78
Resource and asset realignment - PS NA (b)	5
	$	83

(a) Includes charges of $78 million for costs associated with the permanent closure of our Red River containerboard mill in Campti, Louisiana. Included in the $78 million of restructuring charges was $17 million of severance charges, $22 million of inventory charges and $39 million of other costs. The majority of the severance charges were paid in 2025.