Business Consolidation and Other Activities |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Business Consolidation and Other Activities | |
| Business Consolidation and Other Activities | 6. Business Consolidation and Other Activities 2026 During the three and six months ended June 30, 2026, the company recorded net charges of $22 million and $33 million, respectively. During the three and six months ended June 30, 2026, the net charges were primarily composed of expenses associated with tariff contingencies where the company is seeking recovery and costs for previously announced facility closures. 2025 During the three and six months ended June 30, 2025, the company recorded net charges of $12 million and $25 million, respectively. During the three and six months ended June 30, 2025, the net charges were primarily composed of costs for previously announced facility closures and the loss related to the aluminum cups business transaction. The charges for the six months ended June 30, 2025, were partially offset by income from the receipt of insurance proceeds for replacement costs related to the 2023 fire at the company’s Verona, Virginia extruded aluminum slug manufacturing facility. See Note 4 for further details on the aluminum cups transaction. |