O-I Glass OI All Other Segments — Restructuring Costs And Asset Impairment Charges
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Where this comes from
Reported directly by O-I Glass in its filing.
Tagged under the XBRL concept us-gaap:RestructuringCostsAndAssetImpairmentCharges.
The source filing: O-I Glass’s 10-Q, filed April 29, 2026.
- Filed
- Apr 29, 2026, 4:31 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001104659-26-051576
For the three months ended March 31, 2026, the Company recorded restructuring, asset impairment and other charges of approximately $38 million to Other expense, net in the Condensed Consolidated Results of Operations, all of which related to the Fit to Win program. These charges consisted of employee costs, such as severance and benefit-related costs, write-down of assets and other exit costs in the Americas segment ($3 million), Europe segment ($31 million) and Retained corporate costs and other ($4 million). As of March 31, 2026, the Company has incurred cumulative charges of approximately $684 million related to the Fit to Win program. Additional restructuring charges are expected in future quarters when management completes its assessment to reduce redundant production capacity and streamline costs. The Company expects that the majority of the remaining cash expenditures related to the accrued employee and other exit costs will be paid out over the next several years.
Item 1. Financial Statements.
FAQ
- What is O-I Glass's all other segments — restructuring costs and asset impairment charges?
- O-I Glass (OI) reported all other segments — restructuring costs and asset impairment charges of $4M in Q1 2026.
- How has O-I Glass's all other segments — restructuring costs and asset impairment charges changed year-over-year?
- O-I Glass's all other segments — restructuring costs and asset impairment charges decreased by 83.3% year-over-year, from $24M to $4M.
- What does all other segments — restructuring costs and asset impairment charges mean?
- This metric captures the expenses associated with organizational restructuring, facility closures, and the write-down of asset values within the company's secondary business segments. High levels of these costs often indicate significant operational shifts, strategic pivots, or the recognition of diminished asset utility. Investors track this to understand the impact of non-recurring charges on segment profitability and the progress of operational efficiency initiatives.
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