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Restructuring | 6 Months Ended
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Jun. 30, 2026
Restructuring and Related Activities [Abstract] |
Restructuring | RESTRUCTURING Restructuring charges primarily consist of employee separation benefits under existing severance programs, foreign statutory termination benefits, certain one-time termination benefits, contract termination costs and other costs that are associated with restructuring actions. Certain restructuring charges are accrued prior to payments made in accordance with applicable guidance. For such charges, the amounts are determined based on estimates prepared at the time the restructuring actions were approved by management. Inventory write offs due to restructuring are reported in Cost of sales and all other restructuring charges are reported in Selling, general and administrative expense within the Condensed Consolidated Statements of Income. In the first quarter of 2025, the Company implemented a restructuring plan (the “JBT Marel 2025 Integration restructuring plan”) aiming to achieve a portion of its synergy targets as a result of the Marel acquisition to optimize the overall cost structure for the combined Company on a global basis. The initiatives under this plan include streamlining operations and adjusting our general and administrative infrastructure to meet the strategic needs of the Company. The total estimated cost in connection w ith this plan is in the range of $55 million to $60 million. The Company expects to recognize the remaining costs by the end of 2026. The following table summarizes the cumulative restructuring charges recognized in operating income under the Company's restructuring plans, including the JBT Marel 2025 Integration restructuring plan, from the date the plan was initiated through June 30, 2026.:
| Cumulative Amount |  | During the Quarter Ended |  | Cumulative Amount
(In millions) | Balance as of December 31, 2025 |  | March 31, 2026 |  | June 30, 2026 |  |  |  | Balance as of June 30, 2026
Severance and related expense, net of release | $ | 29 |  |  | $ | (2) |  |  | $ | 12 |  |  |  |  | $ | 39 |
Gain on sale of building | — |  |  | (1) |  |  | — |  |  |  |  | (1) |
Other | 2 |  |  | 1 |  |  | — |  |  |  |  | 3 |
Total restructuring charges, net | $ | 31 |  |  | $ | (2) |  |  | $ | 12 |  |  |  |  | $ | 41 |
Restructuring charges, net were $12 million and $6 million for the three months ended June 30, 2026 and 2025, respectively, primarily related to severance and related costs in both periods. The following table details the restructuring liability balance for the JBT Marel 2025 Integration restructuring plan, recorded in Other current liabilities on the Condensed Consolidated Balance Sheets, for the six months ended June 30, 2026:
|  |  | Impact to Earnings |  |  |  |
(In millions) | Balance as of December 31, 2025 |  | Charged to Earnings |  | Releases(1) |  | Cash Payments |  | Balance as of June 30, 2026
Severance and related | $ | 16 |  |  | $ | 15 |  |  | $ | (5) |  |  | $ | (8) |  |  | $ | 18 |
Total | $ | 16 |  |  | $ | 15 |  |  | $ | (5) |  |  | $ | (8) |  |  | $ | 18 |
(1) Includes reductions of severance liabilities resulting from revisions to estimated severance payments and employee attrition.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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