Restructuring costs for ongoing employee benefit arrangements, inclusive of statutory requirements, are recognized in accordance with ASC 712, Compensation - Non-retirement Post-employment Benefits when it becomes probable that an obligation has been incurred and the amount can be reasonably estimated. If applicable, the Company recognizes restructuring costs over the terminated employees’ remaining service period. The liabilities for restructuring costs are recognized in Accounts payable and other accrued liabilities on the condensed consolidated balance sheets.

During the six months ended June 30, 2026, the Company initiated the closure of its Indian subsidiary. The Company recognized $3 million of restructuring expenses related to post-employment benefits for approximately 150 employees, as well as other cost associated with the closure, including $1 million related to the early termination of a lease. Payments for restructuring costs incurred during the six months ended June 30, 2026 will be substantially completed by the fourth quarter of 2026.

During the six months ended June 30, 2025, the Company recognized $6 million of restructuring expenses related to post-employment benefits for approximately 125 employees, as well as other cost reduction efforts. Additionally, the Company incurred $3 million of costs related to the early termination of a lease. Payments for restructuring costs incurred during the six months ended June 30, 2025 were substantially completed by the third quarter of 2025.

As of June 30, 2026 and December 31, 2025, the restructuring liability balance was $2 million and $1 million, respectively.



	June 30, 2026



Balance-December 31, 2025	$	1
Additions charged to expense	3
Costs paid or otherwise settled	(2)
Balance- June 30, 2026	$	2