From time to time, the Company will incur costs related to restructuring actions in order to streamline our organization, optimize our cost base, and strengthen our competitive position and ability to better serve our customers. During the three and six months ended June 30, 2026, we incurred restructuring charges of $11 million and $42 million, respectively. During the three and six months ended June 30, 2025, we incurred restructuring charges of $22 million and $39 million, respectively.

The following table presents the components of restructuring expense and asset impairment charges:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)	2026		2025		2026		2025
By component:
Severance and other charges	$	12	$	21	$	43	$	39

Asset impairment	—		1		1		1

Reversal of restructuring accruals	(1)		—		(2)		(1)
Total restructuring costs	$	11	$	22	$	42	$	39
Asset impairment charges	—		4		—		8
Total restructuring and asset impairment charges	$	11	$	26	$	42	$	47

By segment:
Water Infrastructure	$	2	$	9	$	28	$	22
Applied Water	3		9		4		12
Measurement and Control Solutions	3		5		6		6
Water Solutions and Services	3		1		4		5
Corporate and other	—		2		—		2

The following table displays a roll-forward of the restructuring accruals, presented on our Condensed Consolidated Balance Sheets within "Accrued and other current liabilities" and "Other non-current accrued liabilities", for the six months ended June 30, 2026 and 2025:


(in millions)	2026		2025
Restructuring accruals - January 1	$	34	$	25
Restructuring costs	42		39
Cash payments	(49)		(36)
Asset impairment	(1)		(1)
Foreign currency and other	(1)		2
Restructuring accruals - June 30	$	25	$	29

By segment:
Water Infrastructure	$	5	$	4
Applied Water	1		2
Measurement and Control Solutions	3		2
Water Solutions and Services	3		3
Centralized support facilities (a)	13		18
Corporate and other	—		—

(a)Centralized support facilities consist primarily of support functions, including selling and marketing organizations, that incurred restructuring expense that was allocated to the segments. However, the liabilities associated with restructuring expense were not allocated to the segments.

The following table presents the total costs expected to be incurred, the amount incurred in the period, and the cumulative costs incurred to date for our 2025 and 2026 restructuring actions:


(in millions)	Water Infrastructure		Applied Water		Measurement and Control Solutions		Water Solutions and Services		Corporate		Total

Actions Commenced in 2026:
Total expected costs	$	—	$	7	$	1	$	3	$	—	$	11
Costs incurred during Q1 2026	—		—		—		—		—		—
Costs incurred during Q2 2026	—		2		1		3		—		6

Total expected costs remaining	$	—	$	5	$	—	$	—	$	—	$	5


(in millions)	Water Infrastructure		Applied Water		Measurement and Control Solutions		Water Solutions and Services		Corporate		Total

Actions Commenced in 2025:
Total expected costs	$	87	$	26	$	20	$	11	$	—	$	144
Costs incurred in 2025	55		23		9		6		—		93
Costs incurred during Q1 2026	26		1		3		1		—		31
Costs incurred during Q2 2026	2		1		1		—		—		4

Total expected costs remaining	$	4	$	1	$	7	$	4	$	—	$	16

During the second quarter of 2026, we also incurred charges of $1 million within the Measurement and Control Solutions segment, related to actions commenced prior to 2024.

During the first quarter of 2026, we recognized $1 million in fixed asset impairment charges due to restructuring actions within our Measurement and Control Solutions segment.

During the second quarter of 2025, we recognized $1 million in fixed asset impairment charges due to restructuring actions within our Measurement and Control Solutions segment.

During the second quarter of 2025, we recognized $4 million of impairment charges for internally developed software and software assets within our Measurement and Control Solutions and Corporate segments.

During the first quarter of 2025, we recognized $4 million of impairment charges for internally developed software within our Water Solutions and Services and Water Infrastructure segments.