v3.26.1
Restructuring (Tables)
 6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Charges Related to Restructuring Program Activities by Type of Cost
The following tables summarize the charges related to restructuring program activities by type of cost:
Three Months Ended June 30, 2026Six Months Ended June 30, 2026
($ in millions)
Accelerated Depreciation
Separation Costs
Other Exit Costs
Total
Accelerated
Depreciation
Separation Costs
Other Exit Costs
Total
2025 Restructuring Program
Cost of sales$76 $— $9 $85 $88 $— $141 $229 
Research and development— — (1)(1)— — 33 33 
Restructuring costs— 63 25 88 — 186 42 228 
76 63 33 172 88 186 216 490 
2024 Restructuring Program
Cost of sales39 — 60 99 135 — 57 192 
Restructuring costs— (1)64 63 — (1)119 118 
39 (1)124 162 135 (1)176 310 
$115 $62 $157 $334 $223 $185 $392 $800 
Three Months Ended June 30, 2025Six Months Ended June 30, 2025
($ in millions)
Accelerated Depreciation
Separation Costs
Other Exit Costs
Total
Accelerated
Depreciation
Separation Costs
Other Exit Costs
Total
2025 Restructuring Program
Cost of sales$— $— $100 $100 $— $— $100 $100 
Research and development— — 53 53 — — 53 53 
Restructuring costs— 481 15 496 — 481 15 496 
— 481 168 649 — 481 168 649 
2024 Restructuring Program
Cost of sales55 — 10 65 96 — 5 101 
Selling, general and administrative— — 1 1 — — 1 1 
Restructuring costs— 6 58 64 — 7 126 133 
55 6 69 130 96 7 132 235 
$55 $487 $237 $779 $96 $488 $300 $884 
Schedule of Charges and Spending Relating to Restructuring Activities by Program
The following table summarizes the charges and spending related to restructuring program activities for the six months ended June 30, 2026:
($ in millions)
Accelerated Depreciation
Separation
Costs
Other Exit Costs
Total
2025 Restructuring Program
Restructuring reserves January 1, 2026
$— $502 $288 $790 
Expenses
88 186 216 490 
(Payments) receipts, net— (271)(211)(482)
Non-cash activity(88)(9)(145)(242)
Restructuring reserves June 30, 2026
$— $408 $148 $556 
2024 Restructuring Program
Restructuring reserves January 1, 2026
$— $506 $— $506 
Expenses135 (1)176 310 
(Payments) receipts, net— (109)(121)(230)
Non-cash activity(135)12 (55)(178)
Restructuring reserves June 30, 2026
$— $408 $— $408