
In millions	Three Months Ended June 30, 2026		Six Months Ended June 30, 2026
Riceboro mill closure costs (a)	$	(13)	$	(6)
Resource and asset realignment - PS EMEA (b)	14		22
Resource and asset realignment - PS NA (c)	8		16
	$	9	$	32

(a) Includes adjustments of $(13) million for the three months and six months ended June 30, 2026. Severance charges of $3 million and other costs of $4 million were included for the six months ended June 30, 2026. As of June 30, 2026, severance charges of $6 million are recorded in Accrued payroll and benefits, inventory charges of $10 million are recorded in Inventories and other costs of $24 million are recorded in Other current liabilities and Other liabilities in the accompanying condensed consolidated balance sheet. The severance charges will be paid within the next twelve months.

(b) Includes severance charges of $8 million and $12 million for three months and six months ended June 30, 2026, respectively, and other costs of $6 million and $10 million for the three and six months ended June 30, 2026, respectively. As of June 30, 2026, severance charges of $97 million are recorded in Accrued payroll and benefits and other costs of $54 million are recorded in Other current liabilities and Other liabilities in the accompanying condensed consolidated balance sheet. The severance charges will be paid within the next twelve months.

(c) Includes severance and other charges of $8 million and $16 million for the three months and six months ended June 30, 2026, respectively. As of June 30, 2026, severance charges of $17 million are recorded in Accrued payroll and benefits in the accompanying condensed consolidated balance sheet. The severance charges will be paid within the next twelve months.


In millions	Three Months Ended June 30, 2025		Six Months Ended June 30, 2025
Red River mill closure costs (a)	$	7	$	85
Resource and asset realignment - PS EMEA (b)	30		30
Resource and asset realignment - PS NA (c)	2		7
	$	39	$	122

(a) Includes charges of $7 million and $85 million for the three months and six months ended June 30, 2025, respectively, for costs associated with the permanent closure of our Red River containerboard mill in Campti, Louisiana. Included in the restructuring charges were severance charges of $17 million for the six months ended June 30, 2025, the majority of which have been paid, inventory charges of $3 million and $25 million for the three months and six months ended June 30, 2025, respectively, and other costs of $4 million and $43 million for three months and six months ended June 30, 2025, respectively.

(b) Includes restructuring charges of $30 million for the three months and six months ended June 30, 2025 for other costs related to our 80/20 strategic approach.