Restructuring charges primarily consist of employee separation benefits under existing severance programs, foreign statutory termination benefits, certain one-time termination benefits, contract termination costs and other costs that are associated with restructuring actions. Certain restructuring charges are accrued prior to payments made in accordance with applicable guidance. For such charges, the amounts are determined based on estimates prepared at the time the restructuring actions were approved by management. Inventory write offs due to restructuring are reported in Cost of sales and all other restructuring charges are reported in Selling, general and administrative expense within the Condensed Consolidated Statements of Income.

In the first quarter of 2025, the Company implemented a restructuring plan (the “JBT Marel 2025 Integration restructuring plan”) aiming to achieve a portion of its synergy targets as a result of the Marel acquisition to optimize the overall cost structure for the combined Company on a global basis. The initiatives under this plan include streamlining operations and adjusting our general and administrative infrastructure to meet the strategic needs of the Company. The total estimated cost in connection with this plan is in the range of $55 million to $60 million. The Company expects to recognize the remaining costs by the end of 2026.

The following table summarizes the cumulative restructuring charges recognized in operating income under the Company's restructuring plans, including the JBT Marel 2025 Integration restructuring plan, from the date the plan was initiated through June 30, 2026.:


	Cumulative Amount		During the Quarter Ended				Cumulative Amount
(In millions)	Balance as of December 31, 2025		March 31, 2026		June 30, 2026			Balance as of June 30, 2026
Severance and related expense, net of release	$	29	$	(2)	$	12		$	39
Gain on sale of building	—		(1)		—			(1)

Other	2		1		—			3
Total restructuring charges, net	$	31	$	(2)	$	12		$	41

Restructuring charges, net were $12 million and $6 million for the three months ended June 30, 2026 and 2025, respectively, primarily related to severance and related costs in both periods.

The following table details the restructuring liability balance for the JBT Marel 2025 Integration restructuring plan, recorded in Other current liabilities on the Condensed Consolidated Balance Sheets, for the six months ended June 30, 2026:


			Impact to Earnings
(In millions)	Balance as of December 31, 2025		Charged to Earnings		Releases(1)		Cash Payments		Balance as of June 30, 2026
Severance and related	$	16	$	15	$	(5)	$	(8)	$	18

Total	$	16	$	15	$	(5)	$	(8)	$	18