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Restructuring expenses
 3 Months Ended
Mar. 31, 2026
Restructuring and Related Activities [Abstract]  
Restructuring expenses Restructuring expenses
The Company’s restructuring expenses are summarized below:
Three months ended
March 31,
(In millions)20262025
Corporate restructuring expenses$2 $— 
Business restructuring expenses— 51 
Restructuring expenses$2 $51 
Corporate restructuring expenses
In the first quarter of 2026, corporate restructuring expenses primarily related transition activities following the establishment of our parent company’s domicile in the United States. The Company does not expect further charges to be material.
Business restructuring expenses
In the first quarter of 2025, the Company implemented targeted actions to streamline operations, enhancing speed and efficiency to better serve customers and drive further profitable growth. As a result of these actions, non-recurring business restructuring expenses of $51 million were incurred in the quarter, primarily in the United States. The charges primarily related to severance costs of $36 million, as well as $15 million of non-cash branch and facility costs, mainly related to lease impairments.