v3.26.1
Strategic Restructuring Plan (Tables)
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Summary of restructuring charges and amounts paid or settled

The following table presents the details of the Company’s restructuring charges and amounts paid or settled during the six months ended June 30, 2026 (in millions):

 

 

Employee-Related

 

 

Manufacturing Related

 

 

Total

 

Balance as of December 31, 2025

 

$

 

 

$

 

 

$

 

Restructuring expense

 

 

8

 

 

 

22

 

 

 

30

 

Cash settled/ adjustment

 

 

(8

)

 

 

(22

)

 

 

(30

)

Balance as of June 30, 2026

 

$

 

 

$

 

 

$

 

Summary of Total restructuring charges recognized on the Condensed Consolidated Statements of Operations

Total restructuring charges recognized on the Condensed Consolidated Statements of Operations during the three and six months ended June 30, 2026 were as below (in millions):

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2026

 

2026

 

Research and development

 

$

 

$

28

 

Selling, general and administrative

 

 

 

 

2

 

Total restructuring expense

 

$

 

$

30