v3.25.4

OTHER OPERATING EXPENSE (INCOME), NET | 12 Months Ended
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Dec. 31, 2025
Other Income and Expenses [Abstract] |
OTHER OPERATING EXPENSE (INCOME), NET | OTHER OPERATING EXPENSE (INCOME), NET Items included in Other operating expense (income), net consist of:
| Year Ended December 31,
(in millions) | 2025 |  | 2024 |  | 2023
Legal settlement | $ | 40 |  |  | $ | — |  |  | $ | — |
Costs to exit charging business | 23 |  |  | — |  |  | — |
Impairment of investment | 16 |  |  | — |  |  | — |
Chief Executive Officer ("CEO") transition compensation | 11 |  |  | — |  |  | — |
Loss (gain) on sale of assets | 9 |  |  | 2 |  |  | (13) |
Adjustments associated with Spin-Off related balances | 7 |  |  | 17 |  |  | — |
Merger and acquisition expense, net | 5 |  |  | 2 |  |  | 23 |
Loss (gain) on sale of businesses | 2 |  |  | 6 |  |  | (5) |
Commercial contract settlement | — |  |  | 15 |  |  | — |
Spin-Off transition services income, net | — |  |  | (5) |  |  | (10) |
Other income, net | (4) |  |  | (5) |  |  | (11) |
Other operating expense (income), net | $ | 109 |  |  | $ | 32 |  |  | $ | (16) |
Legal settlement: During the year ended December 31, 2025, the Company recorded a charge of $40 million, related to a legal settlement, inclusive of associated legal fees. Refer to Note 21, “Contingencies,” to the Consolidated Financial Statements for more information. Costs to exit charging business: During the year ended December 31, 2025, the Company recorded charges of $23 million related to the exit of its charging business within the Battery & Charging Systems reportable segment. Refer to Note 2, “Acquisitions and Dispositions,” and Note 12, “Goodwill and Other Intangibles,” to the Consolidated Financial Statements for more information. Impairment of investment: During the year ended December 31, 2025, the Company recorded a charge of $16 million related to the impairment of an investment without a readily determinable fair value. Chief Executive Officer ("CEO") transition compensation: During the year ended December 31, 2025, the Company recorded charges of $11 million related to duplicative compensation. Loss (gain) on sale of assets: During the year ended December 31, 2025, the Company recorded a loss of $9 million related to the sale of equipment from a closed facility in North America and the sale of a building in Europe. During the year ended December 31, 2024, the Company recorded a $2 million loss on sale of fixed assets at a European manufacturing facility. During the year ended December 31, 2023, the Company recorded a $13 million gain on sale of fixed assets, primarily attributed to the sale of a European manufacturing facility and other fixed assets. Adjustments associated with Spin-Off related balances: During the year ended December 31, 2025, the Company recorded expense of $7 million primarily for adjustments related to the contract manufacturing agreement with PHINIA and adjustments to net amounts owed to the Company related to the tax matters agreement between the Company and PHINIA, unrelated to the legal settlement discussed above. During the year ended December 31, 2024, the Company recorded expense of $17 million, primarily for adjustments to net amounts owed to the Company related to the tax matters agreement between the Company and PHINIA. Merger and acquisition expense, net: During the year ended December 31, 2025, the Company recorded merger and acquisition expense, net of $5 million, primarily related to professional fees associated with specific acquisition initiatives. During the year ended December 31, 2024, the Company recorded a merger and acquisition expense, net of $2 million, primarily related to professional fees associated with specific acquisition initiatives, mostly offset by a gain of $6 million related to the revision of its expected earn-out related to the Drivetek acquisition. During the year ended December 31, 2023, the Company recorded merger and acquisition expense, net of $23 million, primarily related to professional fees for specific acquisition initiatives. This merger and acquisition expense, net included an $8 million loss related to a change in estimate of the expected earn-out estimate associated with the Santroll acquisition. Loss (gain) on sale of businesses: During the year ended December 31, 2025, the Company recorded a net loss of $2 million related to a business closure in North America, plant disposal in China and the sale of an operation in Europe. During the year ended December 31, 2024, the Company recorded a net loss on sale of business of $6 million primarily related to the estimated loss on an immaterial business that met held for sale accounting criteria. During the year ended December 31, 2023, the Company recorded a net gain on sale of business in North America of $5 million. Commercial contract settlement: During the year ended December 31, 2024, the Company recorded a loss of approximately $15 million related to the settlement of a commercial contract assumed in its acquisition of the electric hybrid systems business segment of Eldor Corporation. Spin-Off transition services income, net: During the year ended December 31, 2024 and 2023, the Company recorded other income in the amount of $5 million and $10 million, respectively, for net service reimbursements related to the Spin-Off. These transition services were related to information technology, human resources, finance, facilities, procurement, sales, intellectual property and engineering. Refer to Note 26, “Discontinued Operations,” to the Consolidated Financial Statements for more information.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/720/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 610 -Publisher FASB -URI https://asc.fasb.org/610/tableOfContent + Details
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