v3.26.1
Environmental Obligations (Tables)
 6 Months Ended
Jun. 30, 2026
Environmental Remediation Obligations [Abstract]  
Schedule of Environmental Reserves Rollforward, Continuing and Discontinued The following table is a roll forward of our total environmental reserves, continuing and discontinued:
(in Millions)Gross
Recoveries (3)
Net
Total environmental reserves at December 31, 2025$705.7 $(13.0)$692.7 
Provision (Benefit)15.6 (0.3)15.3 
(Spending) Recoveries(34.7)— (34.7)
Foreign currency translation adjustments(3.4)— (3.4)
Net change(22.5)(0.3)(22.8)
Total environmental reserves at June 30, 2026$683.2 $(13.3)$669.9 
Environmental reserves, current (1)
$108.2 $(1.2)$107.0 
Environmental reserves, long-term (2)
575.0 (12.1)562.9 
Total environmental reserves at June 30, 2026$683.2 $(13.3)$669.9 
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(1)These amounts are included within Accrued and other liabilities on the consolidated balance sheets.
(2)These amounts are included in Environmental liabilities, continuing and discontinued on the consolidated balance sheets.
(3)These recorded recoveries represent probable realization of claims against U.S. government agencies and are recorded as an offset to our environmental reserves in the consolidated balance sheets.
Schedule of Environmental Recoveries
The table below provides a roll forward of our environmental recoveries representing probable realization of claims against insurance carriers and other third parties. These recoveries are recorded as Prepaid and other current assets and Other assets including long-term receivables, net in the consolidated balance sheets.
(in Millions)December 31, 2025Increase (Decrease) in recoveriesCash receivedJune 30, 2026
Environmental recoveries$6.6 $0.5 $(0.5)$6.6 
Schedule of Net Environmental Provision by Operating and Discontinued sites
Our net environmental provisions relate to costs for the continued cleanup of both continuing and discontinued manufacturing operations from previous years. The net provisions are comprised as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in Millions)2026202520262025
Environmental provisions, net - recorded to liabilities (1)
$8.4 $11.7 $15.3 $17.8 
Environmental provisions, net - recorded to assets (2)
(0.3)(0.2)(0.5)(0.3)
Environmental provision, net$8.1 $11.5 $14.8 $17.5 
Continuing operations (3)
$5.4 $7.4 $9.3 $10.9 
Discontinued operations (4)
2.7 4.1 5.5 6.6 
Environmental provision, net$8.1 $11.5 $14.8 $17.5 
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(1)See above roll forward of our total environmental reserves as presented on the consolidated balance sheets.
(2)See above roll forward of our total environmental recoveries as presented on the consolidated balance sheets.
(3)Recorded as a component of Restructuring and other charges (income) on the consolidated statements of income (loss). See Note 8. Environmental obligations for continuing operations primarily represent obligations at shut down or abandoned facilities within businesses that do not meet the criteria for presentation as discontinued operations.
(4)Recorded as a component of Discontinued operations, net of income taxes on the consolidated statements of income (loss).