You know, as we've talked about, within there, there were some temporary things that we did earlier in the year, such as furloughs, travel reductions, you know, not having large meetings and stuff. that benefit us, but then once we got into the third quarter, the structural actions in terms of headcount reduction that came both from a voluntary retirement program that we initiated as well as then some involuntary reductions that we did after that.

Oct 22, 2020 / receipt, needs a key / Jim, CEO | earnings call 2020-10-22 | transcript 8e219342-672d-4228-a3d9-cd9f366ebcef | chars 37796-38247 | segment 38

~$900M net cost take out since 2023

ir_statement / Sep 15, 2026 / receipt

Continued portfolio transformation with additional cost take out

ir_statement / Sep 15, 2026 / receipt

SDA Global Business Expansion to Deliver Growth

ir_statement / Sep 15, 2026 / receipt

During the second quarter of 2024, the Company evaluated additional restructuring actions as part of the Company's organizational simplification efforts.

ir_statement / Sep 15, 2026 / receipt

In March 2026, the Company committed to workforce reduction plans and multi-region footprint optimization plans in the United States and globally, in an effort to reduce complexity and simplify our or

ir_statement / Sep 15, 2026 / receipt

In the first and third quarters of 2025, restructuring actions were announced related to organizational simplification efforts.

ir_statement / Sep 15, 2026 / receipt

2026 Ongoing EBIT Margin 1.3%

ir_statement / Sep 15, 2026 / receipt

Net Cost* -1.75

ir_statement / Sep 15, 2026 / receipt

cost take out initiatives

ir_statement / Sep 15, 2026 / receipt

EBIT margin expanded 250 bps year-over-year driven by direct-to-consumer growth and cost take out initiatives

ir_statement / Sep 15, 2026 / receipt

$150M+ cost take out expected in 2026, supported by ongoing Design to Value

ir_statement / Sep 15, 2026 / receipt

Automate to improve productivity, agility and safety

ir_statement / Sep 15, 2026 / receipt