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Restructuring and Other
3 Months Ended
Mar. 31, 2025
Expense Of Restructuring Activities And Other [Abstract]  
Restructuring and Other

The Company recorded restructuring charges of $16 during the three months ended March 31, 2025, related to severance costs incurred as a result of a cost saving initiative implemented during the first quarter of 2025, primarily in the general metal finishing business within MSD. The Company recorded restructuring charges of $3 during the three months ended March 31, 2024, primarily related to severance costs incurred as a result of a global cost saving initiative implemented in the fourth quarter of 2023.

The activity related to the Company’s restructuring accrual is shown below:

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Restructuring accrual, beginning of period

 

$

3

 

 

$

9

 

Charged to expense

 

 

16

 

 

 

3

 

Payments and adjustments

 

 

(3

)

 

 

(5

)

Restructuring accrual, end of period

 

$

16

 

 

$

7