v3.26.1
Restructuring (Tables)
3 Months Ended
Mar. 31, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs
The following table summarizes the restructuring charges recorded for the three months ended March 31, 2026 and 2025 by operating segment:
 Three Months Ended March 31,
20262025
 (in millions)
Electrical Distribution Systems$46 $16 
Engineered Components15 
Intelligent Systems12 
Total$62 $37 
Schedule of Restructuring Reserve by Type of Cost
The table below summarizes the activity in the restructuring liability for the three months ended March 31, 2026:
Employee Termination Benefits LiabilityOther Exit Costs LiabilityTotal
 (in millions)
Accrual balance at January 1, 2026$122 $— $122 
Provision for estimated expenses incurred during the period62 — 62 
Payments made during the period(58)— (58)
Accrual balance at March 31, 2026$126 $— $126