Eaton — May 5, 2026 release

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 Corporate items. Note 6. INTANGIBLE ASSET AMORTIZATION EXPENSE Intangible asset amortization expense is as follows: Three months ended March 31 (In millions except for per share data) 2026 2025 Intangible asset amortization expense $ 140  $ 106  Income tax benefit 30  22  Total aft