Restructuring Actions (Tables)

6 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

The related restructuring charges for periods presented were recorded in the income statement as follows:

	Three months ended June 30,				Six months ended June 30,
(Millions)	2025		2024		2025		2024
Cost of sales	$	—	$	2	$	1	$	4
Selling, general and administrative expenses	8		32		20		123
Research, development and related expenses	—		1		—		11
Total operating income impact	$	8	$	35	$	21	$	138

The business segment operating income impact of these restructuring charges is summarized as follows:

	Three months ended June 30,
	2025		2024
(Millions)	Employee related		Employee related		Asset-related and other		Total
Safety and Industrial	$	4	$	13	$	5	$	18
Transportation and Electronics	3		7		4		11
Consumer	1		4		2		6
Total operating expense	$	8	$	24	$	11	$	35
	Six months ended June 30,
	2025		2024
(Millions)	Employee Related		Employee Related		Asset-Related and Other		Total
Safety and Industrial	$	10	$	39	$	25	$	64
Transportation and Electronics	7		16		18		34
Consumer	4		9		11		20
Corporate and Other	—		6		14		20
Total operating expense	$	21	$	70	$	68	$	138

Schedule of Restructuring Reserve by Type of Cost

Restructuring actions, including cash and non-cash impacts, follow:

(Millions)	Employee-related
Accrued restructuring action balance as of December 31, 2024	$	80
Incremental expense incurred in the first quarter of 2025	13
Incremental expense incurred in the second quarter of 2025	8
Adjustments	(11)
Cash payments	(48)
Accrued restructuring action balance as of June 30, 2025	$	42

(Millions)	Employee-related
Accrued restructuring action balance as of December 31, 2024	$	86
Incremental expense incurred in the first quarter of 2025	5
Incremental expense incurred in the second quarter of 2025	4
Cash payments	(22)
Accrued restructuring action balance as of June 30, 2025	$	73