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Restructuring and Related Activities
12 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Restructuring and Related Activities Disclosure
23. RESTRUCTURING AND OTHER COSTS
In recognition of the need to become more cost efficient and competitive along with enhancing the experience we provide to agents and customers, on July 30, 2020 the Company announced an operational transformation and cost reduction plan it refers to as Hartford Next. Hartford Next is intended to reduce annual insurance operating costs and other expenses through reduction of the Company's headcount, investment in information technology ("IT") to further enhance our capabilities, and other activities. The activities have been substantially completed as of December 31, 2023.
Termination benefits related to workforce reductions and professional fees are included within restructuring and other costs in the Consolidated Statement of Operations and unpaid restructuring costs are included in other liabilities in the Company's Consolidated Balance Sheets. For the years ended December 31, 2023, and December 31, 2022, the severance benefits accrual was reduced by $6, and $7 respectively, due to more recent experience of higher than expected voluntary attrition.
Subsequent to December 31, 2023, the Company expects to incur additional costs including, amortization of right of use assets and other lease exit costs, other IT costs to retire applications, and other expenses. Total restructuring and other costs are expected to be approximately $126, before tax, and will be recognized in Corporate for segment reporting.
Restructuring and Other Costs, Before Tax
Incurred in the Year Ended December 31, 2021Incurred in the Year Ended December 31, 2022Incurred in the Year Ended December 31, 2023Cumulative Incurred in the Year Ended December 31, 2023Total Amount Expected to be Incurred
Severance benefits$(25)$(7)$(6)$35 $35 
IT costs25 25 
Professional fees and other expenses17 12 64 66 
Total restructuring and other costs, before tax$1 $13 $6 $124 $126 
Accrued Restructuring and Other Costs
Year Ended December 31, 2023
Severance Benefits and Related CostsIT CostsProfessional Fees and OtherTotal Restructuring and Other Costs Liability
Balance, beginning of period$7 $ $ $7 
Incurred(6)
Payments(1)(5)(7)(13)
Balance, end of period$ $ $ $ 
Accrued Restructuring and Other Costs
Year Ended December 31, 2022
Severance Benefits and Related CostsIT CostsProfessional Fees and OtherTotal Restructuring and Other Costs Liability
Balance, beginning of period$18 $ $ $18 
Incurred(7)12 13 
Payments(4)(8)(12)(24)
Balance, end of period$7 $ $ $7