
	Three Months Ended March 31,
(in millions)	2026		2025

Adjustments associated with Spin-Off related balances	$	2	$	(3)

Costs to exit charging business	—		19

Loss on sale of businesses	—		1
Merger and acquisition expense, net	(2)		2




Other income, net	(5)		(2)
Other operating (income) expense, net	$	(5)	$	17

Adjustments associated with Spin-Off related balances: During the three months ended March 31, 2026 and 2025, the Company recorded expense of $2 million and income of $3 million, respectively, primarily for adjustments related to the contract manufacturing agreement with PHINIA and adjustments to net amounts owed to the Company related to the tax matters agreement between the Company and PHINIA.

Merger and acquisition expense, net: During the three months ended March 31, 2026, the Company recorded merger and acquisition income of $2 million, primarily related to a revision of the Company’s expected earn-out related to the Drivetek acquisition. Refer to Note 3, “Acquisitions and Dispositions,” to the Condensed Consolidated Financial Statements for more information. During the three months ended March 31, 2025, the Company recorded merger and acquisition expense of $2 million, primarily related to professional fees associated with specific acquisition initiatives.

Costs to exit charging business: During the three months ended March 31, 2025, the Company recorded charges of $19 million related to the exit of its charging business within its Battery Energy Systems reportable segment. Refer to Note 3, “Acquisitions and Dispositions,” and Note 11, “Goodwill and Other Intangibles,” to the Condensed Consolidated Financial Statements for more information.