v3.26.1
Restructuring and Other Charges, Net (Tables)
9 Months Ended
Jun. 26, 2026
Restructuring and Other Charges, Net  
Schedule of net restructuring and other charges

For the

For the

Quarters Ended

Nine Months Ended

June 26,

June 27,

June 26,

June 27,

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

(in millions)

Restructuring charges, net

$

83

$

10

$

96

$

97

Costs related to change in place of incorporation

11

Other charges, net

 

 

4

 

7

 

1

Restructuring and other charges, net

$

83

$

14

$

103

$

109

Net restructuring charges by segment

For the

For the

Quarters Ended

Nine Months Ended

June 26,

June 27,

June 26,

June 27,

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

(in millions)

Transportation Solutions

$

79

$

7

$

84

$

66

Industrial Solutions

 

4

 

3

 

12

 

31

Restructuring charges, net

$

83

$

10

$

96

$

97

Summary of activity in restructuring reserves

Balance at

Balance at

  ​

September 26,

Changes in

Cash

Non-Cash

Currency

June 26,

  ​ ​ ​

2025

  ​ ​ ​

Charges

  ​ ​ ​

Estimate

  ​ ​ ​

Payments

  ​ ​ ​

Items

  ​ ​ ​

Translation

  ​ ​ ​

2026

  ​ ​ ​

(in millions)

Fiscal 2026 Actions:

Employee severance

$

$

81

$

$

(1)

$

$

(1)

$

79

Facility and other exit costs

2

(2)

Property, plant, and equipment

3

(3)

Total

86

(3)

(3)

(1)

79

Fiscal 2025 Actions:

Employee severance

75

(3)

(29)

(2)

41

Facility and other exit costs

1

(1)

Total

75

1

(3)

(30)

(2)

41

Pre-Fiscal 2025 Actions:

Employee severance

98

9

2

(41)

(1)

67

Facility and other exit costs

4

(4)

Property, plant, and equipment

1

(1)

Total

102

9

3

(45)

(1)

(1)

67

Total Activity

$

177

$

96

$

$

(78)

$

(4)

$

(4)

$

187

Restructuring reserves included on Consolidated Balance Sheets

June 26,

September 26,

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

(in millions)

Accrued and other current liabilities

$

92

$

163

Other liabilities

 

95

 

14

Restructuring reserves

$

187

$

177