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RESTRUCTURING CHARGES (Tables)

12 Months Ended

Dec. 31, 2025

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Program Charges

A summary of restructuring program charges is as follows:

(In millions except for per share data)															2025						2024						2023
Workforce reductions															$	81					$	120					$	19
Plant closing and other															52						83						38
Total before income taxes															133						202						57
Income tax benefit															29						43						11
Total after income taxes															$	103					$	160					$	46
Per ordinary share - diluted															$	0.26					$	0.40					$	0.11

Restructuring program charges related to the following segments:

(In millions)															2025						2024						2023
Electrical Americas															$	14					$	12					$	5
Electrical Global															63						88						26
Aerospace															10						9						5
Vehicle1															13						40						6
eMobility															18						25						7
Corporate															14						29						8
Total															$	133					$	202					$	57

Schedule of Liabilities Related to Restructuring

A summary of liabilities related to workforce reductions, plant closing, and other associated costs is as follows:

(In millions)			Workforce reductions						Plant closing and other						Total
Balance at January 1, 2024			$	35					$	6					$	41
Liability recognized, net			120						83						202
Payments, utilization and translation			(59)						(81)						(141)
Balance at December 31, 2024			96						7						103
Liability recognized, net1			81						52						133
Payments, utilization and translation			(67)						(51)						(118)
Balance at December 31, 2025			$	109					$	8					$	118

1The restructuring program liability was adjusted by $12 million in the fourth quarter of 2025 primarily related to true-ups for completed workforce reductions in the Vehicle segment.

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

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-Name Accounting Standards Codification
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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

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-Section S99
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