v3.26.1
Restructuring Charges (Tables)
 6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Components of restructuring and asset impairment charges
The following table presents the components of restructuring expense and asset impairment charges:
Three Months EndedSix Months Ended
June 30,June 30,
(in millions)2026202520262025
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 Water3 9 4 12 
Measurement and Control Solutions3 5 6 6 
Water Solutions and Services3 1 4 5 
Corporate and other— 2 — 2 
Restructuring Accruals
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)20262025
Restructuring accruals - January 1$34 $25 
Restructuring costs42 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 $4 
Applied Water1 2 
Measurement and Control Solutions3 2 
Water Solutions and Services3 3 
Centralized support facilities (a)13 18 
Corporate and other— — 
(a)Centralized support facilities consist primarily of support functions, including selling and marketing organizations, that incurred restructuring expense that was allocated to the segments. However, the liabilities associated with restructuring expense were not allocated to the segments.
Expected Restructuring Costs
The following table presents the total costs expected to be incurred, the amount incurred in the period, and the cumulative costs incurred to date for our 2025 and 2026 restructuring actions:
(in millions)Water InfrastructureApplied WaterMeasurement and Control SolutionsWater Solutions and ServicesCorporateTotal
Actions Commenced in 2026:
Total expected costs$— $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 InfrastructureApplied WaterMeasurement and Control SolutionsWater Solutions and ServicesCorporateTotal
Actions Commenced in 2025:
Total expected costs$87 $26 $20 $11 $— $144 
Costs incurred in 202555 23 9 6 — 93 
Costs incurred during Q1 202626 1 3 1 — 31 
Costs incurred during Q2 20262 1 1 — — 4 
Total expected costs remaining$4 $1 $7 $4 $— $16