v3.26.1
Restructuring (Tables)
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs
The following table summarizes the restructuring charges recorded for the three and six months ended June 30, 2026 and 2025 by operating segment:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in millions)
Engineered Components$$17 $12 $33 
Intelligent Systems16 10 28 16 
Total$24 $27 $40 $49 
Schedule of Restructuring Reserve by Type of Cost
The table below summarizes the activity in the restructuring liability for the six months ended June 30, 2026:
Employee Termination Benefits LiabilityOther Exit Costs LiabilityTotal
(in millions)
Accrual balance at January 1, 2026$73 $— $73 
Provision for estimated expenses incurred during the period40 — 40 
Payments made during the period(54)— (54)
Foreign currency and other(2)— (2)
Accrual balance at June 30, 2026$57 $— $57