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TRANSFORMATION STRATEGY COSTS (Tables) | 12 Months Ended
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Dec. 31, 2024
Restructuring and Related Activities [Abstract] |
Restructuring and Related Costs | The table below presents transformation strategy costs for the years ended December 31, 2024, 2023 and 2022 (in millions):
|  | 2024 |  | 2023 |  | 2022
Compensation and benefits |  | $ | 213 |  |  | $ | 337 |  |  | $ | 46 |
Total other expenses |  | 109 |  |  | 98 |  |  | 132 |
Total Transformation Strategy Costs |  | $ | 322 |  |  | $ | 435 |  |  | $ | 178 |
Income Tax Benefit from Transformation Strategy Costs |  | (77) |  |  | (102) |  |  | (36) |
After-Tax Transformation Strategy Costs |  | $ | 245 |  |  | $ | 333 |  |  | $ | 142 |
Transformation strategy costs during the periods presented related to our Transformation 2.0, Fit to Serve and Network reconfiguration and Efficiency Reimagined programs. Total costs by program are shown in the table below for the years ended December 31, 2024, 2023 and 2022 (in millions):
| 2024 |  | 2023 |  | 2022
Transformation Strategy Costs: |  |  |  |  |
Transformation 1.0 | $ | — |  |  | $ | 13 |  |  | $ | 50 |
Transformation 2.0 |  |  |  |  |
Spans and layers | — |  |  | 86 |  |  | 4 |
Business portfolio review | 29 |  |  | 84 |  |  | 80 |
Financial systems | 54 |  |  | 36 |  |  | 33 |
Other initiatives | — |  |  | 4 |  |  | 11 |
Transformation 2.0 total | 83 |  |  | 210 |  |  | 128 |
Fit to Serve | 204 |  |  | 212 |  |  | — |
Network Reconfiguration and Efficiency Reimagined | 35 |  |  | — |  |  | — |
Total Transformation Strategy Costs | $ | 322 |  |  | $ | 435 |  |  | $ | 178 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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