v3.26.1
Restructuring and Other Charges (Income) (Tables)
 6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Other Charges (Income)
Our restructuring and other charges (income) are comprised of restructuring, asset disposals and other charges (income) as noted below.
 Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2026202520262025
Restructuring charges$139.5 $13.0 $234.0 $26.6 
Other charges (income), net82.8 23.7 65.3 27.9 
Total restructuring and other charges (income)$222.3 $36.7 $299.3 $54.5 
Schedule of Restructuring Charges
Restructuring Charges
(in Millions)
Severance and Employee Benefits
Other Charges (Income) (1)
Asset Disposal Charges (Income) (2)
Total
Project Focus$0.2 $2.7 $— $2.9 
Project Foundation5.3 (3.0)134.2 136.5 
Other items— 0.1 — 0.1 
Three Months Ended June 30, 2026$5.5 $(0.2)$134.2 $139.5 
Project Focus$5.4 $4.9 $2.5 $12.8 
Other items— 0.2 — 0.2 
Three Months Ended June 30, 2025$5.4 $5.1 $2.5 $13.0 
Project Focus$0.5 $6.7 $— $7.2 
Project Foundation11.5 16.2 198.9 226.6 
Other items— 0.2 — 0.2 
Six Months Ended June 30, 2026$12.0 $23.1 $198.9 $234.0 
Project Focus$9.6 $11.5 $5.6 $26.7 
Other items(0.4)0.3 — (0.1)
Six Months Ended June 30, 2025$9.2 $11.8 $5.6 $26.6 
____________________ 
(1)Other charges primarily third-party costs associated with various restructuring activities. Other income, if applicable, primarily represents favorable developments on previously recorded exit costs and recoveries associated with restructuring.
(2)Primarily represents asset write-offs (recoveries), including the write-off of certain receivables as discussed further below, and accelerated depreciation and impairment charges on long-lived assets which were or are to be abandoned. To the extent incurred, the acceleration effect of re-estimating settlement dates and revised cost estimates associated with asset retirement obligations due to facility shutdowns, are also included within the asset disposal charges.
Schedule of Roll Forward of Restructuring Reserve
The following table shows a roll forward of restructuring reserves that will result in cash spending. These amounts exclude write-offs of fixed assets, asset impairment charges and asset retirement obligations.
(in Millions)
Balance at
December 31, 2025 (5)
Change in
reserves (4)
Cash
payments
Other (5)
Balance at
June 30, 2026 (5)
Project Focus (1)
$106.2 $7.2 $(58.8)$(0.1)$54.5 
Project Foundation (2)
1.8 41.2 (19.9)(0.2)22.9 
DuPont Crop restructuring (3)
2.9 — — — 2.9 
Other workforce related and facility shutdowns (4)
0.7 0.1 (0.1)— 0.7 
Total$111.6 $48.5 $(78.8)$(0.3)$81.0 
____________________ 
(1)Relates to the global restructuring plan initiated in 2023. The reserve consists primarily of contract abandonment charges recorded during 2024 resulting from the reorganization of our supply chain footprint.
(2)Relates to management’s comprehensive plan initiated in 2025 and primarily relates severance charges and related benefit costs as well as other miscellaneous fees, which include contract exit costs and professional service provider costs.
(3)Represents remaining cash spending on facility separation costs associated with DuPont Crop restructuring activities.
(4)Includes exit costs related to workforce reductions and facility shutdowns on previously implemented restructuring initiatives.
(5)Included in Accrued and other liabilities and Other long-term liabilities on the consolidated balance sheets.
Schedule of Other Charges (Income), Net
Other charges (income), net
 Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2026202520262025
Environmental charges, net$5.4 $7.4 $9.3 $10.9 
India held for sale business74.3 — 56.6 — 
Furadan® product exit— 11.9 — 11.9 
Other items, net3.1 4.4 (0.6)5.1 
Other charges (income), net$82.8 $23.7 $65.3 $27.9