v3.26.3
RESTRUCTURING CHARGES (Tables)
 12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Program Charges
A summary of restructuring program charges is as follows:
(In millions except for per share data)202520242023
Workforce reductions$81 $120 $19 
Plant closing and other52 83 38 
Total before income taxes133 202 57 
Income tax benefit29 43 11 
Total after income taxes$103 $160 $46 
Per ordinary share - diluted$0.26 $0.40 $0.11 
Restructuring program charges related to the following segments:
(In millions)202520242023
Electrical Americas$14 $12 $5 
Electrical Global63 88 26 
Aerospace10 9 5 
Mobility1
31 64 13 
Corporate14 29 8 
Total$133 $202 $57 
Schedule of Liabilities Related to Restructuring
A summary of liabilities related to workforce reductions, plant closing, and other associated costs is as follows:
(In millions)Workforce reductionsPlant closing and otherTotal
Balance at January 1, 2024
$35 $6 $41 
Liability recognized, net120 83 202 
Payments, utilization and translation(59)(81)(141)
Balance at December 31, 2024
96 7 103 
Liability recognized, net1
81 52 133 
Payments, utilization and translation(67)(51)(118)
Balance at December 31, 2025
$109 $8 $118 
1The restructuring program liability was adjusted by $12 million in the fourth quarter of 2025 primarily related to true-ups for completed workforce reductions in the Mobility segment.