Eaton — Oct 31, 2024 release

This restructuring program is expected to be completed in 2026 and is expected to incur additional expenses related to workforce reductions of $198 million and plant closing and other costs of $45 million, resulting in total estimated charges of $375 million for the entire program. The Company expects mature year benefits of $325 million when the multi-year program is fully implemented. A summary of restructuring program charges is as follows: Three months ended September 30 Nine months ended September 30 (In millions except for per share data) 2024 2023 2024 2023 Workforce reductions $ 10  $ —  $ 78  $ 17  Plant closing and other 44  7  55  29  Total before income taxes 54  7  132  46  Income tax benefit 11  1  28  8  Total after income taxes $ 43  $ 5  $ 104  $ 37  Per ordinary share - diluted $ 0.11  $ 0.01  $ 0.26  $ 0.09  Restructuring program charges (income) related to the following segments: Three months ended September 30 Nine months ended September 30 (In millions) 2024 2023 2024 2023 Electrical Americas $ —  $ —  $ 9  $ 4  Electrical Global 42  5  70  22  Aerospace (1) 1  7  4  Vehicle 4  1  32  4  eMobility 2  —  2  6  Corporate 6  —  13  6  Total charges $ 54  $ 7  $ 132  $ 46  These restructuring program charges were included in Cost of products sold, Selling and administrative expense, Research and development expense, or Other income – net, as appropriate. In Business Segment Information, these restructuring program charges are treated as Corporate items. Note 5. INTANGIBLE ASSET AMORTIZATION EXPEN