In the third quarter of 2026, the Company recorded Restructuring and other charges of $2, which were primarily due to a charge for layoff costs of $2 including the separation of 31 employees (23 in Fastening Systems and 8 in Corporate) and a charge for the termination of the United Kingdom (“U.K.”) pension plan of $1, partially offset by a gain related to post-closing adjustments from the May 2024 sale of a small U.K. manufacturing facility in Engineered Structures of $1. The post-closing adjustments related to this May 2024 sale have been completed.

In the nine months ended September 30, 2026, the Company recorded Restructuring and other credits of $91, which were primarily due to a gain on the sale of its disk forging facility in Savannah, Georgia within Engineered Structures of $93 in the first quarter of 2026 and a gain related to post-closing adjustments from the May 2024 sale of a small U.K. manufacturing facility in Engineered Structures of $1, partially offset by a charge for layoff costs of $2 including the separation of 31 employees (23 in Fastening Systems and 8 in Corporate) and a charge for the termination of the U.K. pension plan of $1.

In the third quarter of 2025, the Company recorded Restructuring and other credits of less than $1, which were primarily due to a gain related to post-closing adjustments from the May 2024 sale of a small U.K. manufacturing facility in Engineered Structures of $1, partially offset by exit related costs, including accelerated depreciation, of $1.

In the nine months ended September 30, 2025, the Company recorded Restructuring and other credits of $4, which were primarily due to a gain on the sale of assets at a small U.K. manufacturing facility in Engineered Structures of $3, a gain on the sale of assets at a previously closed facility in Forged Wheels of $2, a reversal of $2 for layoff reserves related to a prior period, and a gain related to post-closing adjustments from the May 2024 sale of a small U.K. manufacturing facility in Engineered Structures of $1, partially offset by a charge for layoff costs of $3 including the separation of 106 employees (79 in Fastening Systems and 27 in Forged Wheels) and exit related costs, including accelerated depreciation, of $1.


	Layoff costs		Other exit costs		Total
Reserve balances at December 31, 2025	$	1	$	—	$	1
Cash payments	—		(1)		(1)
Restructuring and other charges (credits)	2		(93)		(91)
Other(1)	—		94		94
Reserve balances at September 30, 2026	$	3	$	—	$	3

(1)In the nine months ended September 30, 2026, other for other exit costs were primarily due to a gain on the sale of the disk forging facility in Savannah, Georgia within Engineered Structures of $93 and a gain related to post-closing adjustments from the May 2024 sale of a small U.K. manufacturing facility in Engineered Structures of $1.