v3.26.3
Restructuring and Asset Impairment Charges
 9 Months Ended
Sep. 30, 2026
Restructuring and Related Activities [Abstract]  
Restructuring and Asset Impairment Charges Restructuring and Asset Impairment Charges
Restructuring
From time to time, the Company will incur costs related to restructuring actions in order to streamline our organization, optimize our cost base, and strengthen our competitive position and ability to better serve our customers. During the three and nine months ended September 30, 2026, we incurred restructuring charges of $8 million and $50 million, respectively. During the three and nine months ended September 30, 2025, we incurred restructuring charges of $23 million and $62 million, respectively.
The following table presents the components of restructuring expense and asset impairment charges:
Three Months EndedNine Months Ended
September 30,September 30,
(in millions)2026202520262025
By component:
Severance and other charges$8 $21 $51 $60 
Asset impairment— 3 1 4 
Reversal of restructuring accruals— (1)(2)(2)
Total restructuring costs8 23 50 62 
Asset impairment charges— — — 8 
Total restructuring and asset impairment charges$8 $23 $50 $70 
By segment:
Water Infrastructure$1 $16 $29 $38 
Applied Water1 4 5 16 
Measurement and Control Solutions6 1 12 7 
Water Solutions and Services — 1 4 6 
Corporate and Other— 1 — 3 
The following table displays a roll-forward of the restructuring accruals, presented on our Condensed Consolidated Balance Sheets within "Accrued and other current liabilities" and "Other non-current accrued liabilities," for the nine months ended September 30, 2026 and 2025:
(in millions)20262025
Restructuring accruals - January 1$34 $25 
Restructuring costs50 62 
Cash payments(59)(48)
Asset impairment(1)(4)
Foreign currency and other(1)— 
Restructuring accruals - September 30$23 $35 
By segment:
Water Infrastructure$4 $9 
Applied Water— 1 
Measurement and Control Solutions7 1 
Water Solutions and Services2 3 
Centralized support facilities (a)
10 21 
Corporate and other— — 
(a)    Centralized support facilities consist primarily of support functions, including selling and marketing organizations, that incurred restructuring expense which was allocated to the segments. However, the liabilities associated with restructuring expense were not allocated to the segments.
The following table presents the total costs expected to be incurred, the amount incurred in the period, and the cumulative costs incurred to date for our 2026 and 2025 restructuring actions:
(in millions)Water InfrastructureApplied WaterMeasurement and Control SolutionsWater Solutions and ServicesCorporateTotal
Actions Commenced in 2026:
Total expected costs$— $5 $1 $2 $1 $9 
Costs incurred during Q1 2026— — — — — $— 
Costs incurred during Q2 2026— 2 1 3 — $6 
Costs incurred during Q3 2026— 1 — (1)— — 
Total expected costs remaining$— $2 $— $— $1 $3 
Actions Commenced in 2025:
Total expected costs$85 $25 $22 $11 $— $143 
Costs incurred in 202555 23 9 6 — $93 
Costs incurred during Q1 202626 1 3 1 — $31 
Costs incurred during Q2 20262 1 1 — — $4 
Costs incurred during Q3 20261 — 6 1 — 8 
Total expected costs remaining$1 $— $3 $3 $— $7 
The actions commenced in 2026 consist primarily of severance charges. The actions are expected to continue through the end of 2027.
The actions commenced in 2025 consist primarily of severance charges. The actions are expected to continue through the end of 2026.
During the second quarter of 2026, we also incurred charges of $1 million within the Measurement and Control Solutions segment, related to actions commenced prior to 2024.
During the first quarter of 2026, we recognized $1 million in fixed asset impairment charges due to restructuring actions within our Measurement and Control Solutions segment.
During the third quarter of 2025, we recognized $3 million in fixed asset impairment charges due to restructuring actions within our Water Infrastructure segment.
During the second quarter of 2025, we recognized $1 million in fixed asset impairment charges due to restructuring actions within our Measurement and Control Solutions segment.
Asset Impairment
During the second quarter of 2025, we recognized $4 million of impairment charges for internally developed software and software assets within our Measurement and Control Solutions and Corporate segments.
During the first quarter of 2025, we recognized $4 million of impairment charges for internally developed software within our Water Solutions and Services and Water Infrastructure segments.
Refer to Note 9, "Goodwill and Other Intangible Assets," for additional information.