v3.26.1
Restructuring and Related Implementation Charges (Tables)
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs
For the three and six months ended June 30, 2026, charges resulting from the Strategic Growth and Productivity Program are reflected in the income statement as follows:

Three Months Ended June 30, 2026
Six Months Ended June 30, 2026
Gross Profit$$
Selling, general and administrative expenses13 
Other (income) expense, net120 285 
Non-service related postretirement costs— 
Total Strategic Growth and Productivity Program, pre-tax$129 $305 
Total Strategic Growth and Productivity Program, after-tax$104 $242 
The following table summarizes the activity for the restructuring accrual:

Three Months Ended June 30, 2026
Employee-Related
Costs 
Asset-Related Costs & OtherTotal
Balance at March 31, 2026
$155 $$164 
Charges111 18 129 
Cash payments(51)(6)(57)
Charges against assets and liabilities— (3)(3)
Foreign exchange(5)— (5)
Balance at June 30, 2026
$210 $18 $228 

Six Months Ended June 30, 2026
Employee-Related
Costs
Asset-Related Costs & OtherTotal
Balance at December 31, 2025
$$$10 
Charges276 29 305 
Cash payments(53)(11)(64)
Charges against assets and liabilities(5)(4)(9)
Foreign exchange(14)— (14)
Balance at June 30, 2026
$210 $18 $228 
Schedule of Percent of Total Restructuring Charges Related To Segment for the period
Total charges incurred for the Strategic Growth and Productivity Program relate to initiatives undertaken by the following reportable operating segments and Corporate:

Three Months Ended June 30, 2026
Six Months Ended June 30, 2026
Program-to-date Accumulated Charges
North America5%10%10%
Latin America 35%15%14%
Europe, Middle East & Africa 20%25%25%
Asia Pacific3%2%2%
Hill’s Pet Nutrition
21%21%20%
Corporate16%27%29%
Total100%100%100%
Schedule of Cumulative Pretax Restructuring Charges
Since the inception of the Strategic Growth and Productivity Program, the Company has incurred cumulative pre-tax charges of $318 ($253 after-tax) in connection with the implementation of various projects as follows:

Cumulative Charges as of June 30, 2026
Employee-Related Costs$282 
Asset-Related Costs and Other36 
Total$318