Restructuring and Other Credits

3 Months Ended

Mar. 31, 2026

Restructuring and Related Activities [Abstract]

Restructuring and Other Credits

Restructuring and Other Credits

	First quarter ended
	March 31,
	2026		2025
Reversals of previously recorded layoff reserves	$	—	$	(1)
Net gains related to divestitures of assets and businesses (C)	(93)		(3)
Total restructuring and other credits	$	(93)	$	(4)

In the first quarter of 2026, the Company recorded Restructuring and other credits of $93, 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 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 and a reversal of $1 for a layoff reserve related to a prior period.

	Layoff costs		Other exit costs		Total
Reserve balances at December 31, 2025	$	1	$	—	$	1
Restructuring credits	—		(93)		(93)
Other(1)	—		93		93
Reserve balances at March 31, 2026	$	1	$	—	$	1

(1)In the first quarter ended March 31, 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.

The remaining reserves as of March 31, 2026 are expected to be paid in cash during the remainder of 2026.