v3.26.1
Restructuring (Tables)
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Change in Balance Sheet Position of Employee Related Restructuring Reserves

The table below summarizes the change in the balance sheet position of the employee-related restructuring reserves (dollars in millions). The restructuring reserve balances are included within Accrued expenses in the Condensed Consolidated Balance Sheets. The changes in the employee-related reserves have been charged against Other income (expense), net in the Consolidated Statements of Income. Restructuring costs other than employee related costs are immaterial for all periods presented.

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Reserve at beginning of the period

 

$

73

 

 

$

121

 

 

$

82

 

 

$

151

 

Provision - charge

 

 

67

 

 

 

1

 

 

 

73

 

 

 

2

 

Provision - reversal

 

 

(0

)

 

 

0

 

 

 

(0

)

 

 

(0

)

Cash payments

 

 

(17

)

 

 

(15

)

 

 

(31

)

 

 

(50

)

Translation difference

 

 

(1

)

 

 

9

 

 

 

(3

)

 

 

14

 

Reserve at end of the period

 

$

122

 

 

$

117

 

 

$

122

 

 

$

117