RESTRUCTURING CHARGES

12 Months Ended

Dec. 31, 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 costs for these actions were $21 million, of which we incurred $14 million in employee termination costs and $7 million other associated costs. The majority of these costs resulted in cash settlements in 2024; the remainder will be paid in 2025.

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 $58 million, which were primarily employee termination costs. The majority of these costs resulted in cash settlements in 2024; the remainder will be paid in 2025.

The following tables summarize the changes to our restructuring liability during the twelve months ended December 31, 2024:


Millions of Dollars	December 31, 2023		Charge to Earnings		Cash Paid		Non-Cash and Other		December 31, 2024
Employee Termination	$	3	$	62	$	(59)	$	(2)	$	4


Other exit costs	—		17		(10)		(5)		$	2
Total	$	3	$	79	$	(69)	$	(7)	$	6

The following table summarizes 2024 restructuring charges by operating segment:


Millions of dollars	2024 Charges
MDA North America	31
MDA Latin America	23
MDA Asia	6

SDA Global	5
Corporate / Other	14
Total	$	79

Restructuring expense was not material for the twelve months ended December 31, 2023 and December 31, 2022, respectively.