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Restructuring Charges | 9 Months Ended
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Sep. 30, 2025
Restructuring and Related Activities [Abstract] |
Restructuring Charges | Restructuring and Asset Impairment Charges Restructuring During the three and nine months ended September 30, 2025, we incurred restructuring charges of $23 million and $62 million, respectively. The incurred charges primarily related to actions taken to further streamline our organization through simplification efforts in order to strengthen our competitive positioning and ability to better serve our customers. During the three and nine months ended September 30, 2024, we incurred restructuring costs of $4 million and $36 million, respectively. The charges incurred primarily related to strengthening our competitive positioning and the integration of Evoqua. The following table presents the components of restructuring expense and asset impairment charges:
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
(in millions) | 2025 |  | 2024 |  | 2025 |  | 2024
By component: |  |  |  |  |  |  |
Severance and other charges | $ | 21 |  |  | $ | 4 |  |  | $ | 60 |  |  | $ | 21 |
Asset impairment | 3 |  |  | 3 |  |  | 4 |  |  | 19 |
Reversal of restructuring accruals | (1) |  |  | (3) |  |  | (2) |  |  | (4) |
Total restructuring costs | $ | 23 |  |  | $ | 4 |  |  | $ | 62 |  |  | $ | 36 |
Asset impairment charges | — |  |  | — |  |  | 8 |  |  | 1 |
Total restructuring and asset impairment charges | $ | 23 |  |  | $ | 4 |  |  | $ | 70 |  |  | $ | 37 |
By segment: |  |  |  |  |  |  |
Water Infrastructure | $ | 16 |  |  | $ | 3 |  |  | $ | 38 |  |  | $ | 9 |
Applied Water | 4 |  |  | 1 |  |  | 16 |  |  | 2 |
Measurement and Control Solutions | 1 |  |  | (3) |  |  | 7 |  |  | (3) |
Water Solutions and Services | 1 |  |  | 3 |  |  | 6 |  |  | 27 |
Corporate and other | 1 |  |  | — |  |  | 3 |  |  | 2 |
The following table displays a roll-forward of the restructuring accruals, presented on our Condensed Consolidated Balance Sheets within "Accrued and other current liabilities" and "Other non-current accrued liabilities", for the nine months ended September 30, 2025 and 2024:
(in millions) |  | 2025 |  | 2024
Restructuring accruals - January 1 |  | $ | 25 |  |  | $ | 24 |
Restructuring costs, net |  | 62 |  |  | 36 |
Cash payments |  | (48) |  |  | (24) |
Asset impairment |  | (4) |  |  | (19) |
Stock based compensation expense included within AOCL |  | — |  |  | (2) |
Foreign currency and other |  | — |  |  | — |
Restructuring accruals - September 30 |  | $ | 35 |  |  | $ | 15 |
By segment: |  |  |  |
Water Infrastructure |  | $ | 9 |  |  | $ | 4 |
Applied Water |  | 1 |  |  | — |
Measurement and Control Solutions |  | 1 |  |  | 3 |
Water Solutions and Services |  | 3 |  |  | 4 |
Regional selling locations (a) |  | 21 |  |  | 3 |
Corporate and other |  | — |  |  | 1 |
(a)Regional selling locations consist primarily of selling and marketing organizations and related support services that incurred restructuring expense that was allocated to the segments. The liabilities associated with restructuring expense were not allocated to the segments. The following table presents expected restructuring spend in 2025 and thereafter:
(in millions) |  | Water Infrastructure |  | Applied Water |  | Measurement and Control Solutions |  | Water Solutions and Services |  | Corporate |  | Total
Actions Commenced in 2025: |  |  |  |  |  |  |  |  |  |  |  |
Total expected costs |  | $ | 75 |  |  | $ | 20 |  |  | $ | 8 |  |  | $ | 6 |  |  | $ | 3 |  |  | $ | 112 |
Costs incurred during Q1 2025 |  | 12 |  |  | 2 |  |  | 1 |  |  | 1 |  |  | — |  |  | 16 |
Costs incurred during Q2 2025 |  | 8 |  |  | 9 |  |  | 3 |  |  | 1 |  |  | — |  |  | 21 |
Costs incurred during Q3 2025 |  | 16 |  |  | 4 |  |  | 1 |  |  | 2 |  |  | 1 |  |  | 24 |
Total expected costs remaining |  | $ | 39 |  |  | $ | 5 |  |  | $ | 3 |  |  | $ | 2 |  |  | $ | 2 |  |  | $ | 51 |
Actions Commenced in 2024: |  |  |  |  |  |  |  |  |  |  |  |
Total expected costs |  | $ | 15 |  |  | $ | 6 |  |  | $ | 1 |  |  | $ | 29 |  |  | $ | 1 |  |  | $ | 52 |
Costs incurred in 2024 |  | 14 |  |  | 5 |  |  | 1 |  |  | 28 |  |  | 1 |  |  | 49 |
Costs incurred during Q1 2025 |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Costs incurred during Q2 2025 |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1 |
Costs incurred during Q3 2025 |  | — |  |  | — |  |  | — |  |  | (1) |  |  | — |  |  | (1) |
Total expected costs remaining |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | 2 |
The actions commenced in 2025 consist primarily of severance charges. The actions are expected to continue through the end of 2026. During the third quarter of 2025, we recorded $3 million in fixed asset impairment charges due to restructuring actions within our Water Infrastructure segment. During the second quarter of 2025, we recognized $1 million in fixed asset impairment charges due to restructuring actions within our Measurement and Control Solutions segment. The actions commenced in 2024 consist primarily of severance and asset impairment charges. The actions are expected to continue through the end of 2025. During the third quarter of 2024, we recognized $3 million in fixed asset impairment charges due to restructuring actions within our Water Solutions and Services segment. Through the second quarter of 2024, we recognized $16 million in impairment charges primarily related to customer relationships and trademarks due to restructuring actions within our Water Solutions and Services segment. Refer to Note 9, "Goodwill and Other Intangible Assets," for additional information. Asset Impairment During the second quarter of 2025, we recognized $4 million of impairment charges for internally developed software and software assets within our Measurement and Control Solutions segment and Corporate. During the first quarter of 2025, we recognized $4 million of impairment charges for internally developed software within our Water Solutions and Services and Water Infrastructure segments. During the first quarter of 2024, we recognized $1 million of impairment charges for internally developed software within Corporate. Refer to Note 9, "Goodwill and Other Intangible Assets," for additional information.

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- Definition The entire 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. + References No definition available. + Details
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