This was partially offset by a $12 million favorable impact primarily related to decreased personnel costs driven by productivity, restructuring and other cost savings initiatives which more than offset inflationary pressures, and lower incentive compensation compared to the prior year.

filing / Jul 30, 2026 / receipt

This was partially offset by a $17 million favorable impact primarily related to decreased personnel costs driven by productivity, restructuring and other cost savings initiatives which more than offset inflationary pressures.

filing / Jul 30, 2026 / receipt

See Note 8, "Restructuring and Transaction Related Expenses" for further information on the restructuring charges. Provision for Income Taxes Our effective income tax rate for the three months ended June 30, 2026 was 26.8%, compared to 26.4% for the three months ended June 30, 2025.

filing / Jul 30, 2026 / receipt

See Note 8, "Restructuring and Transaction Related Expenses" for further information on the restructuring charges. Provision for Income Taxes Our effective income tax rate for the six months ended June 30, 2026 was 26.6%, compared to 27.1% for the six months ended June 30, 2025.

filing / Jul 30, 2026 / receipt

See Note 7, "Restructuring and Transaction Related Expenses" for further information on the restructuring charges. Provision for Income Taxes Our effective income tax rate for the three months ended March 31, 2026 was 26.4%, compared to 27.8% for the three months ended March 31, 2025.

filing / Apr 30, 2026 / receipt

Drive Cash Flow

ir_statement / Sep 17, 2026 / receipt

Enhance Margins

ir_statement / Sep 17, 2026 / receipt

Expand lean operating model globally

ir_statement / Sep 17, 2026 / receipt

Simplify Business Portfolio and Operations

ir_statement / Sep 17, 2026 / receipt

Implement swift cost reductions & optimize incremental revenue synergies

ir_statement / Sep 17, 2026 / receipt

Leverage scale for supply chain & footprint optimization

ir_statement / Sep 17, 2026 / receipt

No Large Acquisitions & Higher Hurdle Rates for Tuck-ins

ir_statement / Sep 17, 2026 / receipt