Eaton — Jul 31, 2026 release

Since the inception of the program, the Company has incurred charges of $397 million. This restructuring program is expected to be completed in 2026 and is expected to incur additional expenses related to workforce reductions of $60 million and plant closing and other costs of $18 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 June 30 Six months ended June 30 (In millions except for per share data) 2026 2025 2026 2025 Workforce reductions $ 18  $ 7  $ 42  $ 19  Plant closing and other 6  17  20  23  Total before income taxes 24  24  62  42  Income tax benefit 5  5  13  9  Total after income taxes $ 19  $ 18  $ 49  $ 33  Per ordinary share - diluted $ 0.05  $ 0.05  $ 0.13  $ 0.08  Restructuring program charges (income) related to the following segments: Three months ended June 30 Six months ended June 30 (In millions) 2026 2025 2026 2025 Electrical Americas $ 10  $ 9  $ 11  $ 10  Electrical Global 9  5  40  19  Aerospace —  —  —  —  Mobility (2) 4  3  6  Corporate 6  6  9  7  Total $ 24  $ 24  $ 62  $ 42  These restructuring program charges (income) were included in Cost of products sold, Selling and administrative expense, Research and development expense, or Other expense (income) - net, as approp