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TRANSFORMATION STRATEGY COSTS (Tables)

12 Months Ended

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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- References

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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

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-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
-Publisher FASB
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-SubTopic 10
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-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
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