v3.24.2

EXIT ACTIVITIES (Tables)

6 Months Ended

Jun. 30, 2024

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

The following table summarizes the costs incurred during the three and six months ended June 30, 2024 and 2023 related to these restructurings:

						Three Months Ended June 30,						Six Months Ended June 30,
In millions			Location in Statement of Operations			2024			2023			2024			2023
Severance Costs and Other(a)			Business Combinations, Exit Activities and Other Special Items, Net			$	5		$	4		$	7		$	12
Asset Write-Offs and Start-Up Costs(b)			Business Combinations, Exit Activities and Other Special Items, Net			8			2			15			5
Accelerated Depreciation			Cost of Sales			3			30			15			32
Total						$	16		$	36		$	37		$	49

(a) Costs incurred include activities for post-employment benefits, retention bonuses, incentives and professional services (see “Note 1 - Business Combinations, Exit Activities and Other Special Items, Net”).

(b) Costs incurred include non-cash write-offs for items such as machinery, supplies and inventory.

Schedule of Restructuring Reserve by Type of Cost

The following table summarizes the balance of accrued expenses related to restructuring:

In millions			Total
Balance at December 31, 2023			$	21
Costs Incurred			7
Payments			(2)
Balance at June 30, 2024			$	26

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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.

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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.

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