v3.26.1
Restructuring (Tables)
3 Months Ended
Mar. 31, 2026
Restructuring and Related Activities [Abstract]  
Schedule of restructuring expense
The following table details the cumulative restructuring charges reported in operating income for the JBT Marel 2025 Integration restructuring plan since its implementation:
Cumulative Amount
During the Quarter Ended
Cumulative Amount
(In millions)Balance as of December 31, 2025March 31, 2026Balance as of March 31, 2026
Severance and related expense, net of release$29 $(2)$27 
Gain on sale of building
— (1)(1)
Other
Total restructuring charges, net$31 $(2)$29 
Schedule of restructuring reserve by type of cost
The liability balance for the JBT Marel 2025 Integration restructuring plan is included in Other current liabilities in the Condensed Consolidated Balance Sheets. The table below details the activities for the three months ended March 31, 2026 for the JBT Marel 2025 Integration restructuring plan:
Impact to Earnings
(In millions)Balance as of December 31, 2025Charged to EarningsReleasesCash PaymentsBalance as of March 31, 2026
Severance and related $16 $$(4)$(5)$
Total$16 $$(4)$(5)$