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Cost Reduction Actions
 9 Months Ended
Sep. 30, 2026
Restructuring and Related Activities [Abstract]  
Cost Reduction Actions Cost Reduction Actions
2026 Actions
We recorded $40.4 million in restructuring charges, net of reversals, during the nine months ended September 30, 2026 related to our 2026 cost reduction actions. These charges consisted of severance and related costs for the reduction of approximately 690 positions, as well as asset impairment and lease cancellation charges, at certain locations across our company related to actions taken to optimize our operational footprint and workforce headcount.
During the nine months ended September 30, 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
September 30, 2026
2026 Actions
Severance and related costs
$— $36.4 $(29.4)$— $(.1)$6.9 
Asset impairment charges— 3.4 — (3.4)— — 
Lease cancellation charges
— .6 (.6)— — — 
2025 Actions
Severance and related costs
14.4 2.4 (10.1)— (.3)6.4 
Total$14.4 $42.8 $(40.1)$(3.4)$(.4)$13.3 
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 EndedNine Months Ended
(In millions)September 30, 2026September 27, 2025September 30, 2026September 27, 2025
Restructuring charges, net of reversals, by reportable segment and Corporate
Materials Group$4.8 $4.5 $14.2 $9.5 
Solutions Group3.5 5.2 28.3 12.4 
Corporate.1 .1 .3 .8 
Total$8.4 $9.8 $42.8 $22.7