Eaton — May 5, 2026 release

These actions will better align the Company's functions to support anticipated growth and drive greater effectiveness throughout the Company. Since the inception of the program, the Company has incurred charges of $374 million. This restructuring program is expected to be completed in 2026 and is expected to incur additional expenses related to workforce reductions of $78 million and plant closing and other costs of $24 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) 2026 2025 Workforce reductions $ 24  $ 13  Plant closing and other 14  6  Total before income taxes 39  18  Income tax benefit 8  4  Total after income taxes $ 30  $ 14  Per ordinary share - diluted $ 0.08  $ 0.04  Restructuring program charges (income) related to the following segments: Three months ended March 31 (In millions) 2026 2025 Electrical Americas $ 1  $ 1  Electrical Global 31  14  Aerospace (1) —  Mobility 5  3  Corporate 2  1  Total $ 39  $ 18  These restructuring program charges (income) 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 Corpor