What is a common example of a non-recurring item?

A common example of a non-recurring item is restructuring expenses because they typically occur infrequently and are associated with one-time events, such as a major reorganization, downsizing, or closing of a business unit. These costs are not part of the regular operational activities of a company and generally do not reflect ongoing business performance. Unlike regular operating costs or annual payroll expenses, which are incurred regularly as part of business operations, restructuring expenses represent specific, situational financial impacts that do not predict future costs. Interest payments, while also not recurring in the sense that they can vary in amount, are part of ongoing financial obligations and are not classified as non-recurring. Therefore, restructuring expenses stand out as a clear example of a non-recurring item within a company's financial statements.