v3.26.1
Restructuring
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Restructuring
Note 11. Restructuring

Beginning in the fourth quarter of 2025, we initiated new restructuring actions to reduce our cost structure and streamline our operations. Those restructuring actions, which were primarily undertaken by our Europe segment, included initiatives to optimize our supply chain network and reduce our overhead costs. We recorded restructuring charges related to those actions, consisting of severance and related costs, of $11 million and $59 million in the three and six months ended June 30, 2026, which are classified within asset impairment and exit costs.

The activity for the liabilities related to these restructuring actions for the six months ended June 30, 2026 was:
Total
(in millions)
Liability balance, December 31, 2025$23 
Charges59 
Payments(18)
Currency(1)
Liability balance, June 30, 2026$63 
At June 30, 2026, $40 million of our restructuring liabilities were recorded within other current liabilities and $23 million were recorded within other long-term liabilities.