Sale reduces underlying opex by about $1 billion, is free-cash-flow accretive based on historical performance, and transfers assets, liabilities and employees.

Expands on-site gases capacity in Phoenix for two new fabs; adds two SPECTRA ASUs to supply ultra-high-purity N2, O2 and Ar; JV to invest ~$800M in Taiwan.

First of two final heavy modules reached Antwerp after months trapped in the Strait of Hormuz; second expected shortly as installation and commissioning enter peak phase.

Two awards cover Baleine Phase 3 offshore pipelines and subsea systems, and an EPC deoxygenation unit at the Venice biorefinery to boost HVO output.