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Restructuring And Other Transformation
 9 Months Ended
Sep. 30, 2024
Restructuring and Related Activities [Abstract]  
Restructuring And Other Transformation RESTRUCTURING AND OTHER TRANSFORMATION
PROJECT MATTERHORN
In September 2022, we announced Project Matterhorn. Project Matterhorn investments focus on transforming our operating model to a global operating model. Project Matterhorn focuses on the formation of a solution-based sales approach that is designed to allow us to optimize our shared services and best practices to better serve our customers' needs. We are investing to accelerate growth and to capture a greater share of the large, global addressable markets in which we operate. We expect to incur approximately $150,000 in costs annually related to Project Matterhorn from 2023 through 2025. Costs are comprised of (1) restructuring costs, which include (i) site consolidation and other related exit costs, (ii) employee severance costs and (iii) certain professional fees associated with these activities, and (2) other transformation costs, which include professional fees such as project management costs and costs for third party consultants who are assisting in the enablement of our growth initiatives.
Restructuring and other transformation related to Project Matterhorn included in the accompanying Condensed Consolidated Statement of Operations for the three and nine months ended September 30, 2024 and 2023, and from the inception of Project Matterhorn through September 30, 2024, is as follows:
THREE MONTHS ENDED SEPTEMBER 30,
NINE MONTHS ENDED SEPTEMBER 30,
FROM THE INCEPTION
OF PROJECT
MATTERHORN THROUGH
SEPTEMBER 30, 2024
2024202320242023
Restructuring$11,556 $11,744 $38,618 $39,828 $109,229 
Other transformation25,726 27,117 85,944 81,534 232,481 
Restructuring and other transformation
$37,282 $38,861 $124,562 $121,362 $341,710 
Restructuring costs for Project Matterhorn, included as a component of Restructuring and other transformation in the accompanying Condensed Consolidated Statement of Operations, by segment, for the three and nine months ended September 30, 2024 and 2023, and from the inception of Project Matterhorn through September 30, 2024, is as follows:
THREE MONTHS ENDED SEPTEMBER 30,
NINE MONTHS ENDED SEPTEMBER 30,
FROM THE INCEPTION
OF PROJECT
MATTERHORN THROUGH
SEPTEMBER 30, 2024
2024
2023
2024
2023
Global RIM Business$10,731 $9,787 $33,515 $34,312 $93,320 
Global Data Center Business— 4 2,576 82 3,096 
Corporate and Other825 1,953 2,527 5,434 12,813 
Total restructuring costs
$11,556 $11,744 $38,618 $39,828 $109,229 
Other transformation costs for Project Matterhorn, included as a component of Restructuring and other transformation in the accompanying Condensed Consolidated Statement of Operations, by segment, for the three and nine months ended September 30, 2024 and 2023, and from the inception of Project Matterhorn through September 30, 2024, is as follows:
THREE MONTHS ENDED SEPTEMBER 30,
NINE MONTHS ENDED SEPTEMBER 30,
FROM THE INCEPTION
OF PROJECT
MATTERHORN THROUGH
SEPTEMBER 30, 2024
2024
2023
2024
2023
Global RIM Business$10,799 $10,572 $30,143 $19,015 $62,413 
Global Data Center Business1,292 580 3,955 1,948 8,977 
Corporate and Other13,635 15,965 51,846 60,571 161,091 
Total other transformation costs
$25,726 $27,117 $85,944 $81,534 $232,481 
The rollforward of the accrued restructuring costs and accrued other transformation costs, which are included as components of Accrued expenses and other current liabilities in our Condensed Consolidated Balance Sheets, for December 31, 2023 through September 30, 2024, is as follows:
RESTRUCTURINGOTHER TRANSFORMATIONTOTAL RESTRUCTURING AND OTHER TRANSFORMATION
Balance as of December 31, 2023
$10,731 $24,854 $35,585 
Amount accrued38,618 85,944 124,562 
Payments(41,991)(96,464)(138,455)
Balance as of September 30, 2024
$7,358 $14,334 $21,692