v3.26.3
Subsequent Events
9 Months Ended
Sep. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events SUBSEQUENT EVENTS
On October 23, 2026, the Company completed the sale of the Capacity and LayMor businesses to Right Lane Industries for total consideration of approximately $33 million, pursuant to the terms of the related purchase agreement. Capacity and LayMor were previously reported within the SV segment. During the three and nine months ended September 30, 2026, the Company recognized a non-cash loss of $20 million to adjust the carrying value of the assets and liabilities of these businesses that were classified as held for sale as of September 30, 2026 to their fair value. The Company will recognize any adjustments to this non-cash loss in the fourth quarter 2026.

In October 2026, the Board authorized additional repurchases of up to $500 million of the Company’s outstanding shares of common stock. This authorization is in addition to the Company’s existing share repurchase programs of $150 million each, authorized in December 2022 and July 2025.