ASSETS AND LIABILITIES HELD FOR SALE |
6 Months Ended | |||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||
| Discontinued Operations and Disposal Groups [Abstract] | ||||||||||||||||||||||||||||
| ASSETS AND LIABILITIES HELD FOR SALE | ASSETS AND LIABILITIES HELD FOR SALE. During the first quarter of 2026, we completed the sale of the Proficy manufacturing software business (Proficy) within our Grid Automation & Software business. In connection with the disposition, we received net cash proceeds of $598 million, subject to customary working capital and other post-close adjustments. As a result, we recognized a pre- tax gain of $330 million (after-tax gain of $210 million), recorded in Other income (expense) - net in our Consolidated Statement of Income (Loss). See Note 19 for further information. Additionally, during the first quarter of 2026, we completed the sale of the issued and outstanding membership interests of Linden VFT LLC, a merchant transmission facility within our Gas Power business. In connection with the disposition, we received net cash proceeds of $138 million, subject to customary working capital and other post-close adjustments. As a result, we recognized a pre-tax gain of $1 million (after-tax gain of $1 million), recorded in Other income (expense) - net in our Consolidated Statement of Income (Loss). The major components of assets and liabilities held for sale in the Company’s Consolidated Statement of Financial Position are summarized as follows:
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