XML 27 R13.htm IDEA: XBRL DOCUMENT v3.23.2
Restructuring Charges
6 Months Ended
Jun. 30, 2023
Restructuring and Related Activities [Abstract]  
Restructuring Charges Restructuring Charges
We engage in restructuring actions as part of our ongoing efforts to best use our resources and infrastructure, including actions in connection with spin-offs and other divestment activities. These actions generally include severance and facility-related costs, including impairment of lease assets, as well as contract termination costs, and are intended to improve our efficiency and profitability.
Our restructuring-related activity was as follows:
Six Months Ended June 30, 2023
(In millions)Reserve Balance
as of
December 31, 2022
Charges IncurredPaymentsForeign Exchange and OtherReserve Balance
as of
June 30, 2023
Severance
North American LTL$$$(2)$— $
European Transportation(6)— 
Corporate19 16 (19)(1)15 
Total$22 $28 $(27)$(1)$22 
In addition to the severance charges noted in the table above, we recorded a non-cash lease impairment charge of $6 million in our North American LTL segment in the first quarter of 2023.
We expect that the majority of the cash outlays related to the severance charges incurred in the first six months of 2023 will be completed within 12 months.