v3.26.3
RESTRUCTURING CHARGES AND SEPARATION COSTS (Tables)
9 Months Ended
Sep. 30, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs This table is inclusive of all restructuring charges and the charges are shown below for the business where they originated. Separately, in
our reported segment results, major restructuring programs are excluded from measurement of segment operating performance for internal
and external purposes; those excluded amounts are reported in Restructuring and other charges. See Note 24 for further information.
RESTRUCTURING AND OTHER CHARGES
Three months ended September 30
Nine months ended September 30
2026
2025
2026
2025
Workforce reductions
$(9)
$74
$18
$144
Plant closures and associated costs and other asset write-downs
3
5
3
37
Acquisition/disposition net charges and other
14
8
90
17
Total restructuring and other charges
$8
$86
$110
$197
Cost of equipment and services
$(3)
$14
$8
$92
Selling, general, and administrative expenses
10
72
102
105
Total restructuring and other charges
$8
$86
$110
$197
Power
$1
$34
$1
$58
Electrification
5
22
87
49
Wind
1
—
8
52
Other
—
28
14
38
Total restructuring and other charges(a)
$8
$86
$110
$197
(a) Includes $15 million and $14 million for the three months ended and $111 million and $56 million for the nine months ended September
30, 2026 and 2025, respectively, primarily of non-cash impairment, accelerated depreciation, and other charges not reflected in the
liability table below.
RESTRUCTURING LIABILITIES
2026
2025
Balance as of January 1
$279
$308
Additions
—
141
Payments
(101)
(126)
Foreign exchange and other
(5)
(21)
Balance as of September 30
$173
$302