Eaton — Jan 31, 2025 release

Restructuring charges incurred under this program were $202 million in 2024. This restructuring program is expected to be completed in 2026 and is expected to incur additional expenses related to workforce reductions of $183 million and plant closing and other costs of $90 million, resulting in total estimated charges of $475 million for the entire program. The Company expects mature year benefits of $375 million when the multi-year program is fully implemented. A summary of restructuring program charges is as follows: Three months ended December 31 Year ended December 31 (In millions except for per share data) 2024 2023 2024 2023 Workforce reductions $ 42  $ 2  $ 120  $ 19  Plant closing and other 28  9  83  38  Total before income taxes 70  11  202  57  Income tax benefit 14  2  43  11  Total after income taxes $ 56  $ 9  $ 160  $ 46  Per ordinary share - diluted $ 0.14  $ 0.02  $ 0.40  $ 0.11  Restructuring program charges related to the following segments: Three months ended December 31 Year ended December 31 (In millions) 2024 2023 2024 2023 Electrical Americas $ 4  $ 2  $ 12  $ 5  Electrical Global 18  4  88  26  Aerospace 2  2  9  5  Vehicle 8  2  40  6  eMobility 22  —  25  7  Corporate 16  2  29  8  Total charges $ 70  $ 11  $ 202  $ 57  These restructuring program charges were included in Cost of products sold, Selling and administrative expense, Research and development expense, or Other expense (income) – net, as appropriate. In Business Segment