v3.26.1
Restructuring
6 Months Ended
Jun. 30, 2026
Expense Of Restructuring Activities And Other [Abstract]  
Restructuring
(16)
Restructuring

The Company recorded $4 and $7 of restructuring charges in restructuring and other during the three and six months ended June 30, 2026, respectively, primarily related to severance costs incurred as a result of a reorganization of certain business units within PSD, which was implemented in the first quarter of 2026, and the planned closing of a PSD facility in Europe, which was initiated during the first quarter of 2026. The facility closing is expected to be completed in early 2027. The Company recorded $3 and $19 of restructuring charges in restructuring and other during the three and six months ended June 30, 2025, respectively, primarily related to severance costs incurred as a result of a cost saving initiative implemented during the first quarter of 2025, mainly in the general metal finishing business within MSD.

The activity related to the Company’s restructuring accrual is shown below:

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

Beginning of period

 

$

6

 

 

$

3

 

Charged to expense

 

 

7

 

 

 

19

 

Payments and adjustments

 

 

(10

)

 

 

(7

)

End of period

 

$

3

 

 

$

15