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RESTRUCTURING, ACQUISITION AND DIVESTITURE-RELATED COSTS (Tables)

6 Months Ended

Jun. 30, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Costs on the Consolidated Statements of Earnings

The following table presents the impact and respective location of total restructuring, acquisition and divestiture-related costs on the Consolidated Statements of Earnings, which are included within Corporate, Other and Eliminations (in millions):

						Three Months Ended June 30,						Six Months Ended June 30,
Type of cost			Location			2023			2022			2023			2022
Accelerated depreciation			Cost of sales			$	22		$	7		$	23		$	13
Other exit costs			Cost of sales			1			—			8			—
Other exit costs			Marketing and administrative expenses			1			3			1			3
Acquisition-related costs			Marketing and administrative expenses			—			3			—			3
Severance			Other expense (income), net			16			1			25			1
Other exit costs			Other expense (income), net			—			29			1			2
Accelerated amortization			Other expense (income), net			7			—			7			—
Gain on sale of Santa Clara, California site			Gain on sale of site			—			—			(189)			—
Total restructuring, acquisition and divestiture-related costs (gains)						$	47		$	43		$	(124)		$	22

Schedule of Restructuring Reserve by Type of Cost

The following table summarizes the status of the unpaid liabilities from the Company’s restructuring activities (in millions):

			Protective Packaging Exit			Wabash Facility Closure			European Operating Structure Optimization			Composites Strategic Realignment Actions			Roofing Restructuring Actions			Santa Clara Insulation Site
Balance at December 31, 2022			$	—		$	—		$	—		$	1		$	—		$	7
Restructuring costs			29			15			12			3			1			5
Payments			—			—			(2)			(3)			(1)			(11)
Accelerated depreciation and other non-cash items			(17)			(12)			—			—			—			(1)
Balance at June 30, 2023			$	12		$	3		$	10		$	1		$	—		$	—
Cumulative charges incurred			$	29		$	15		$	12		$	12		$	9		$	65

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- References

No definition available.

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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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-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
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Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

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-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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