Qnity Electronics, Inc.
For the period ended Sep 30, 2025. Filed Nov 18, 2025.
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Sep 30, 2025 · Filed Nov 18, 2025
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Restructuring and Asset Related Charges - Net
NOTE 4 -RESTRUCTURING AND ASSET RELATED CHARGES - NET
The Company records restructuring liabilities that represent nonrecurring charges in connection with DuPont-approved restructuring programs in order to simplify certain organizational structures and operations, including operations related to transformational projects such as divestitures and acquisitions. Charges for restructuring programs and asset related charges, which include asset impairments, were $1 million and $4 million for the three months ended September 30, 2025 and 2024, respectively, and $20 million and $7 million for the nine months ended September 30, 2025 and 2024, respectively. These charges were recorded in "Restructuring and asset related charges - net" in the unaudited interim Combined Statements of Operations. The total liability related to restructuring programs was $8 million and $3 million at September 30, 2025 and December 31, 2024, respectively, recorded in "Accrued and other current liabilities" in the interim Condensed Combined Balance Sheets. Refer to Note 16 for the breakout of restructuring and asset related charges incurred by segment.
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