RESTRUCTURING CHARGES

6 Months Ended

Jun. 30, 2024

We periodically take action to improve operating efficiencies, typically in connection with business acquisitions or changes in the economic environment. Our footprint and headcount reductions and organizational integration actions relate to discrete, unique restructuring events, primarily reflected in the following plans.

In March 2024, the Company committed to workforce reduction plans in the United States and globally, in an effort to reduce complexity and simplify our organizational model after the European major domestic appliance transaction. The workforce reduction plans included involuntary severance actions as of the end of the first quarter of 2024. Total expected costs for these actions is $23 million, of which we incurred $14 million in employee termination costs and $9 million other associated costs within the first quarter. All of these costs will result in cash settlements primarily in 2024.

During the second quarter of 2024, the Company evaluated additional restructuring actions as part of the Company's organizational simplification efforts. Total costs for these actions were $50 million, primarily in employee termination costs, which were incurred within the second quarter of 2024.

The following table summarizes the changes to our restructuring liability during the six months ended June 30, 2024:


Millions of Dollars	December 31, 2023		Charge to Earnings		Cash Paid		Non-Cash and Other		June 30, 2024
Employee Termination	$	10	$	62	$	(54)	$	(7)	$	11


Other exit costs	—		11		(2)		—		9
Total	$	10	$	73	$	(56)	$	(7)	$	20

The following table summarizes the restructuring charges by operating segment and Corporate for the periods presented:


Millions of dollars	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
MDA North America	$	22	$	—	$	27	$	—
MDA Latin America	18		—		21		—
MDA Asia	5		—		6		—
SDA Global	4		—		4		—
Corporate/Other	1		9		15		9
Total	$	50	$	9	$	73	$	9