v3.26.3
Restructuring (Tables)
9 Months Ended
Sep. 30, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Change in Balance Sheet Position of Employee Related Restructuring Reserves

The table below summarizes the change in the balance sheet position of the employee-related restructuring reserves (dollars in millions). The restructuring reserve balances are included within Accrued liabilities in the Condensed Consolidated Balance Sheets. The changes in the employee-related reserves have been charged against Other income (expense), net in the Consolidated Statements of Income. Restructuring costs consist substantially of employee related costs. In the second quarter of 2026, the Company recorded an impairment loss of $9 million for its long-lived assets in connection with the restructuring activities related to Türkiye.

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Reserve at beginning of the period

 

$

122

 

 

$

117

 

 

$

82

 

 

$

151

 

Provision - charge

 

 

7

 

 

 

2

 

 

 

80

 

 

 

4

 

Provision - reversal

 

 

(0

)

 

 

0

 

 

 

(0

)

 

 

(0

)

Cash payments

 

 

(17

)

 

 

(17

)

 

 

(48

)

 

 

(67

)

Translation difference

 

 

(0

)

 

 

(0

)

 

 

(3

)

 

 

14

 

Reserve at end of the period

 

$

111

 

 

$

101

 

 

$

111

 

 

$

101