v3.26.1
Assets held for sale and divestitures
6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Assets held for sale and divestitures
3. Assets held for sale and divestitures
On January 27, 2026, the Company entered into an agreement to divest of its construction accessories operations for consideration of $0.7 billion. A goodwill impairment of $48 million was recognized on the operations' assets in the first quarter of 2026 to reflect the reduction to fair value less costs to sell, inclusive of Cumulative Translation Adjustment (CTA), the primary driver of the impairment. The transaction closed on May 29, 2026. The results of the divested operations, up to the date of divestiture, are reported in the International Solutions segment.
On March 16, 2026, the Company entered into an agreement to divest of its lawn and garden operations for consideration of $1.1 billion. The transaction closed on May 8, 2026. The results of the divested operations, up to the date of divestiture, are reported in the Americas Building Solutions segment.
Total second quarter divestitures resulted in a pre-tax gain of $266 million which is included in Other nonoperating income (expense), net in the Condensed Consolidated Statements of Income.