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RESTRUCTURING AND OTHER COSTS
 9 Months Ended
Sep. 30, 2024
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND OTHER COSTS RESTRUCTURING AND OTHER COSTS
Restructuring and other costs for the three and nine months ended September 30, 2024 and 2023 were recorded in the Consolidated Statements of Operations as follows:
Three Months EndedNine Months Ended
(in millions)2024202320242023
Cost of products sold$— $— $1 $4 
Selling, general, and administrative expenses2 1 6 2 
Restructuring and other costs23 6 45 70 
Total restructuring and other costs$25 $7 $52 $76 
        
Restructuring and other costs of $45 million recorded in the first nine months of 2024 consisted primarily of employee severance benefits and other restructuring costs related to the plans approved by the Board of Directors of the Company on July 29, 2024 (the “2024 Plan”) and on February 14, 2023 (the “2023 Plan”).

With the 2024 Plan, the Company seeks to improve operational performance and drive shareholder value creation. In connection with the 2024 Plan, which is expected to be substantially completed by the end of 2025, the Company anticipates a net reduction in the Company’s global workforce of approximately 2% to 4%. The proposed changes are subject to co-determination processes with employee representative groups in countries where required. Actions taken under the 2024 Plan will seek to further streamline the Company’s operations and global footprint, as well as improve alignment of the Company’s cost structure with its strategic growth objectives. As of September 30, 2024, the Company has incurred $24 million in restructuring charges under the 2024 Plan since its inception. In total, the Company expects to incur between $40 million and $50 million in non-recurring restructuring charges under the 2024 Plan, primarily related to employee transition, severance payments, and employee benefits, which are expected to be expensed and paid in cash in 2024 and 2025.

With the 2023 Plan, the Company sought to restructure the business through a new operating model with five global business units, optimize central functions and overall management infrastructure, and implement other efforts aimed at cost savings. The 2023 Plan’s annual cost savings target of $200 million has been substantially met, with the benefits mostly offset in the short term by additional investments in sales personnel, the Company’s new global Enterprise Resource Planning (“ERP”) system, and other transformation initiatives. As of September 30, 2024, the Company has incurred $86 million in restructuring charges under the 2023 Plan since its inception, primarily related to employee transition, severance payments, employee benefits, and facility closure costs, and $20 million in other non-recurring costs related to restructuring activities, which mostly consist of consulting, legal, and other professional service fees. Remaining restructuring charges attributable to the 2023 Plan are not expected to be material.

The estimates of the charges and expenditures that the Company expects to incur in connection with the 2024 Plan, and the timing thereof, are subject to several assumptions, including local law requirements in various jurisdictions and co-determination aspects in countries where required. Actual amounts may differ materially from estimates. In addition, the Company may incur additional charges or cash expenditures not currently contemplated due to unanticipated events that may occur, including in connection with the implementation of the 2024 Plan.
The liabilities associated with the Company's restructuring plans are recorded in Accrued liabilities and Other noncurrent liabilities in the Consolidated Balance Sheets. Activity in the Company’s restructuring accruals at September 30, 2024 was as follows:

Severance
(in millions)2022 and Prior Plans2023 Plans2024 PlansTotal
Balance at December 31, 2023$2 $37 $— $39 
Provisions— 22 24 46 
Amounts applied(1)(33)(1)(35)
Change in estimates— (3)— (3)
Balance at September 30, 2024$1 $23 $23 $47 
Other Restructuring Costs
(in millions)2022 and Prior Plans2023 Plans2024 PlansTotal
Balance at December 31, 2023$1 $— $— $1 
Provisions— 2 — 2 
Amounts applied— (2)— (2)
Balance at September 30, 2024$1 $— $— $1 
The cumulative amounts for the provisions and adjustments and amounts applied for all the plans by segment were as follows:
(in millions)December 31, 2023ProvisionsAmounts
Applied		Change in EstimatesSeptember 30, 2024
Connected Technology Solutions$13 $19 $(20)$(2)$10 
Essential Dental Solutions17 11 (6)— 22 
Orthodontic and Implant Solutions9 11 (8)(1)11 
Wellspect Healthcare1 4 (1)— 4 
All Other— 3 (2)— 1 
Total$40 $48 $(37)$(3)$48