v3.26.1
RESTRUCTURING CHARGES AND SEPARATION COSTS (Tables)
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs 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
below.
RESTRUCTURING LIABILITIES
2026
2025
Balance as of January 1
$279
$308
Additions
7
69
Payments
(74)
(79)
Foreign exchange and other
(3)
(21)
Balance as of June 30
$209
$277