XML 66 R54.htm IDEA: XBRL DOCUMENT v3.24.3
Restructuring Program - Restructuring Liability Activity (Details) - Simplify to Grow Program - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Restructuring Reserve [Roll Forward]        
Liability balance, beginning     $ 191  
Charges $ (5) $ 16 40 [1] $ 48
Cash spent [2]     (35)  
Non-cash settlements/adjustments (6) (8) (12) [3] (14)
Currency     1  
Liability balance, ending [4] 185   185  
Other current liabilities        
Restructuring Reserve [Roll Forward]        
Liability balance, ending 102   102  
Other liabilities        
Restructuring Reserve [Roll Forward]        
Liability balance, ending 83   83  
Severance and related costs        
Restructuring Reserve [Roll Forward]        
Liability balance, beginning     191  
Charges [1]     28  
Cash spent (12) $ (12) (35) [2] $ (47)
Non-cash settlements/adjustments [3]     0  
Currency     1  
Liability balance, ending [4] 185   185  
Asset Write-downs and Other        
Restructuring Reserve [Roll Forward]        
Liability balance, beginning [5]     0  
Charges [1],[5]     12  
Cash spent [2],[5]     0  
Non-cash settlements/adjustments [3],[5]     (12)  
Currency [5]     0  
Liability balance, ending [4],[5] $ 0   $ 0  
[1] We recorded net reversals of previously recorded restructuring charges of $5 million in the three months ended September 30, 2024 and restructuring charges of $16 million in the three months ended September 30, 2023 and net restructuring charges of $40 million in the nine months ended September 30, 2024 and $48 million in the nine months ended September 30, 2023 within asset impairment and exit costs and benefit plan non-service income.
[2] We spent $12 million in the three months ended September 30, 2024 and $12 million in the three months ended September 30, 2023 and spent $35 million in the nine months ended September 30, 2024 and $47 million in the nine months ended September 30, 2023 in cash severance and related costs.
[3] We recognized non-cash asset write-downs (including accelerated depreciation and asset impairments) and other non-cash adjustments, including any gains on sale of restructuring program assets, which totaled a charge of $6 million in the three months ended September 30, 2024 and a charge of $8 million in the three months ended September 30, 2023 and a charge of $12 million in the nine months ended September 30, 2024 and $14 million in the nine months ended September 30, 2023.
[4] At September 30, 2024, $102 million of our net restructuring liability was recorded within other current liabilities and $83 million was recorded within other long-term liabilities.
[5] Includes gains as a result of assets sold which are included in the restructuring program.