Restructuring

6 Months Ended

Jun. 30, 2026

Restructuring and Related Activities [Abstract]

To better align its resources with its strategy and operating model and to reduce the cost structure of its global operations, the Company commits to restructuring plans as necessary and as follows:

Global Productivity Plan

Building on the Company’s turnaround strategy, the Company announced a global productivity plan (the “Productivity Plan”) in December 2025 to further simplify processes, streamline overhead and redirect resources to the higher-value activities. As part of the Productivity Plan, the Company will reduce its global workforce by over 900 employees primarily within professional and clerical functions, with limited impact on manufacturing or supply chain operations. Professional and clerical employee separations in the U.S. were mostly executed by the end of 2025, with international actions expected to occur in 2026, subject to applicable local law and consultation requirements. In addition, the Company closed approximately 20 Yankee Candle stores in the U.S. and Canada in January 2026 as part of a retail optimization initiative aligned with modern consumer shopping behaviors and the Company's multi-channel strategy. The Company expects to record $75 million to $90 million of restructuring and restructuring-related charges in connection with the Productivity Plan, primarily for severance and associated costs, with most of the charges to be recognized by the end of 2026.

In connection with the Productivity Plan, the Company recorded restructuring and restructuring-related costs for the periods indicated as follows (in millions):


	Three Months Ended		Six Months Ended		Incurred since inception
	June 30, 2026
Restructuring costs	$	9	$	15	$	50
Restructuring-related costs	1		1		6
Total	$	10	$	16	$	56

Other Restructuring and Restructuring-Related Costs

The Company also incurs other restructuring and restructuring-related costs in connection with various discrete initiatives as well as previously announced but substantially completed restructuring activities. Restructuring-related costs are recorded in cost of products sold and selling, general and administrative expenses (“SG&A”) in the Condensed Consolidated Statements of Operations based on the nature of the underlying charges incurred.

The Company recorded restructuring costs, net and restructuring-related costs in connection with various discrete initiatives as well as previously announced but substantially completed restructuring activities for the periods indicated as follows (in millions):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Restructuring costs	$	1	$	6	$	2	$	17
Restructuring-related costs	—		6		1		20
Total	$	1	$	12	$	3	$	37

Restructuring costs, net incurred by reportable business segments for all restructuring activities for the periods indicated are as follows (in millions):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Home and Commercial Solutions	$	2	$	1	$	4	$	2
Learning and Development	1		—		2		1
Outdoor and Recreation	1		1		1		2
Corporate	6		4		10		12
	$	10	$	6	$	17	$	17

Accrued restructuring costs related to all restructuring activities for the six months ended June 30, 2026 were as follows (in millions):


Balance at December 31, 2025	$	34
Restructuring costs, net	17
Payments	(31)

Balance at June 30, 2026	$	20

NEWELL BRANDS INC. 10-Q