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Cost Reduction Actions
 3 Months Ended
Mar. 31, 2026
Restructuring and Related Activities [Abstract]  
Cost Reduction Actions Cost Reduction Actions
2026 Actions
We recorded $15.9 million in restructuring charges during the three months ended March 31, 2026. These charges consisted of severance and related costs for the reduction of approximately 370 positions, as well as asset impairment charges, at various locations across our company as a result of actions taken to optimize our operational footprint and workforce headcount.
During the three months ended March 31, 2026, restructuring charges and payments were as follows:
(In millions)
Accrual at
December 31, 2025
Charges,
Net of
Reversals
Cash
Payments
Non-cash
Impairment
Foreign
Currency
Translation
Accrual at
March 31, 2026
2026 Actions
Severance and related costs
$— $14.6 $(11.8)$— $— $2.8 
Asset impairment
— .7 — (.7)— — 
Lease cancellation charges
— .6 — — — .6 
2025 Actions
Severance and related costs
$14.4 $(.1)$(2.5)$— $(.2)$11.6 
Total$14.4 $15.8 $(14.3)$(.7)$(.2)$15.0 
Accruals for severance and related costs, as well as lease cancellation charges, were included in “Other current liabilities” and “Long-term retirement benefits and other liabilities” in the unaudited Condensed Consolidated Balance Sheets. Asset impairment charges were based on the estimated market value of the assets, less selling costs, if applicable. Restructuring charges were included in “Other expense (income), net” in the unaudited Condensed Consolidated Statements of Income.
The table below shows the amount of restructuring charges, net of reversals, incurred by reportable segment and Corporate.
Three Months Ended
(In millions)March 31, 2026March 29, 2025
Restructuring charges, net of reversals, by reportable segment and Corporate
Materials Group$6.6 $2.5 
Solutions Group9.0 2.0 
Corporate.2 .4 
Total$15.8 $4.9