Eaton — May 2, 2025 release

Since the inception of the program, the Company has incurred charges of $220 million. This restructuring program is expected to be completed in 2026 and is expected to incur additional expenses related to workforce reductions of $171 million and plant closing and other costs of $84 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 March 31 (In millions except for per share data) 2025 2024 Workforce reductions $ 13  $ 59  Plant closing and other 6  4  Total before income taxes 18  63  Income tax benefit 4  14  Total after income taxes $ 14  $ 49  Per ordinary share - diluted $ 0.04  $ 0.12  Restructuring program charges related to the following segments: Three months ended March 31 (In millions) 2025 2024 Electrical Americas $ 1  $ 7  Electrical Global 14  24  Aerospace —  8  Vehicle 2  24  eMobility 1  —  Corporate 1  —  Total $ 18  $ 63  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 EXPENSE Intangible asset amortization expense