XML 51 R29.htm IDEA: XBRL DOCUMENT v3.25.2
Restructuring And Other Transformation (Tables)
 6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring And Other Transformation
Restructuring and other transformation related to Project Matterhorn included in the accompanying Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2025 and 2024, and from the inception of Project Matterhorn through June 30, 2025, is as follows:
THREE MONTHS ENDED JUNE 30,SIX MONTHS ENDED JUNE 30,FROM INCEPTION
THROUGH
JUNE 30, 2025
2025202420252024
Restructuring$18,246 $16,336 $40,102 $27,062 $161,795 
Other transformation32,094 30,177 64,984 60,218 321,798 
Restructuring and other transformation
$50,340 $46,513 $105,086 $87,280 $483,593 
Restructuring costs for Project Matterhorn, included as a component of Restructuring and other transformation in the accompanying Condensed Consolidated Statements of Operations, by segment, for the three and six months ended June 30, 2025 and 2024, and from the inception of Project Matterhorn through June 30, 2025, are as follows:
THREE MONTHS ENDED JUNE 30,SIX MONTHS ENDED JUNE 30,FROM INCEPTION
THROUGH
JUNE 30, 2025
2025202420252024
Global RIM Business$16,674 $12,643 $37,400 $22,784 $139,335 
Global Data Center Business151 2,572 151 2,576 3,727 
Corporate and Other1,421 1,121 2,551 1,702 18,733 
Total restructuring costs
$18,246 $16,336 $40,102 $27,062 $161,795 
Other transformation costs for Project Matterhorn, included as a component of Restructuring and other transformation in the accompanying Condensed Consolidated Statements of Operations, by segment, for the three and six months ended June 30, 2025 and 2024, and from the inception of Project Matterhorn through June 30, 2025, are as follows:
THREE MONTHS ENDED JUNE 30,SIX MONTHS ENDED JUNE 30,FROM INCEPTION
THROUGH
JUNE 30, 2025
2025202420252024
Global RIM Business$11,648 $10,374 $22,711 $19,344 $93,318 
Global Data Center Business1,229 1,272 2,512 2,663 12,332 
Corporate and Other19,217 18,531 39,761 38,211 216,148 
Total other transformation costs
$32,094 $30,177 $64,984 $60,218 $321,798 
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, 2024 through June 30, 2025, is as follows:
RESTRUCTURINGOTHER TRANSFORMATIONTOTAL RESTRUCTURING AND OTHER TRANSFORMATION
Balance as of December 31, 2024
$6,974 $13,004 $19,978 
Amount accrued40,102 64,984 105,086 
Payments(33,199)(61,487)(94,686)
Balance as of June 30, 2025
$13,877 $16,501 $30,378