Restructuring and Other Charges. The Company has undertaken or committed to various restructuring initiatives, including workforce

reductions and the consolidation of manufacturing and service facilities. Restructuring and other charges primarily include employee-related

termination benefits associated with workforce reductions, facility exit costs, asset write-downs, and cease-use costs. We expect the

This table is inclusive of all restructuring charges and the charges are shown below for the business where they originated. Separately, in

our reported segment results, major restructuring programs are excluded from measurement of segment operating performance for internal

and external purposes; those excluded amounts are reported in Restructuring and other charges. See Note 24 for further information.


RESTRUCTURING AND OTHER CHARGES	Three months ended June 30		Six months ended June 30
	2026	2025	2026	2025
Workforce reductions	$(9)	$29	$27	$70
Plant closures and associated costs and other asset write-downs	(2)	9	—	31
Acquisition/disposition net charges and other	20	5	76	10
Total restructuring and other charges	$9	$43	$103	$111

Cost of equipment and services	$(1)	$24	$11	$78
Selling, general, and administrative expenses	9	19	92	33
Total restructuring and other charges	$9	$43	$103	$111

Power	$(14)	$12	$—	$23
Electrification	20	25	82	27
Wind	1	1	7	52
Other	2	5	14	9
Total restructuring and other charges(a)	$9	$43	$103	$111

(a) Includes $24 million and $14 million for the three months ended and $95 million and $42 million for the six months ended June 30, 2026

and 2025, respectively, primarily of non-cash impairment, accelerated depreciation, and other charges not reflected in the liability table

Liabilities associated with restructuring activities were primarily related to workforce reductions and were recorded in All other current

liabilities, All other liabilities, and Non-current compensation and benefits in our Consolidated Statement of Financial Position.

Total restructuring and other charges incurred for the three and six months ended June 30, 2026 and 2025 primarily relate to programs to

simplify the organizational structure of, reduce operating costs in, and to right-size the businesses. The costs for the three and six months

ended June 30, 2026 also include costs of $12 million and $68 million, respectively, related to the acquisition and integration of the

remaining 50% stake of Prolec GE in our Electrification segment. On July 21, 2025, we approved a restructuring plan (the Plan)

accelerating previously announced enterprise transformation activities to reduce general and administrative costs. We have incurred

$180 million of costs in connection with the Plan primarily consisting of termination benefits associated with a reduction in the workforce,

with $142 million of the costs resulting in cash expenditures. In the three and six months ended June 30, 2026, we incurred $(6) million and

Separation Costs. In connection with the separation from GE, the Company recognized separation costs of $38 million and $34 million for

Consolidated Statement of Income (Loss). Separation costs include system implementations, advisory fees, one-time stock option grant,