XML 41 R29.htm IDEA: XBRL DOCUMENT v3.24.3

Restructuring (Tables)

9 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Restructuring-Related Charges

In connection with the Network Optimization Project, the Company recorded restructuring and restructuring-related charges for the periods indicated as follows (in millions):

			Three Months Ended September 30,												Nine Months Ended  September 30,												Incurred since inception
			2024						2023						2024						2023
Restructuring charges			$	—					$	3					$	3					$	5					$	10
Restructuring-related charges			5						4						13						12						29
Total			$	5					$	7					$	16					$	17					$	39

In connection with Project Phoenix, the Company recorded restructuring and restructuring-related charges for the periods indicated as follows (in millions):

			Three Months Ended September 30,												Nine Months Ended  September 30,												Incurred since inception
			2024						2023						2024						2023
Restructuring costs			$	1					$	10					$	2					$	63					$	80
Restructuring-related costs			2						5						7						15						26
Total			$	3					$	15					$	9					$	78					$	106

Restructuring charges, net and restructuring-related charges incurred from inception for the Realignment Plan, Network Optimization Project and Project Phoenix (collectively, the “Plans”) were as follows (in millions):

			Severance and termination costs			Contract termination and other costs			Total restructuring costs						Restructuring-related costs						Total costs
Realignment Plan			$	31		$	1		$	32					$	10					$	42
Network Optimization Project			6			4			10						29						39
Project Phoenix			78			2			80						26						106
			$	115		$	7		$	122					$	65					$	187

Restructuring charges, net incurred by reportable business segments for all restructuring activities for the periods indicated and the total charges since inception for the Plans are as follows (in millions):

			Three Months Ended September 30,												Nine Months Ended  September 30,												Total incurred since inception of Plans
			2024						2023						2024						2023
Home and Commercial Solutions			$	(1)					$	10					$	9					$	37					$	51
Learning and Development			4						3						12						14						25
Outdoor and Recreation			—						—						3						8						14
Corporate			1						3						16						17						32
			$	4					$	16					$	40					$	76					$	122

Schedule of Accrued Restructuring Charges Activity

Accrued restructuring costs for the nine months ended September 30, 2024 were as follows (in millions):

			Balance at December 31, 2023						Restructuring Costs, Net						Payments																		Balance at  September 30, 2024
Severance and termination costs			$	30					$	36					$	(49)																	$	17
Contract termination and other costs			—						4						(4)																		—
			$	30					$	40					$	(53)																	$	17

Accrued restructuring costs for the nine months ended September 30, 2023 were as follows (in millions):

			Balance at December 31, 2022						Restructuring Costs, Net						Payments												Foreign Currency and Other						Balance at  September 30, 2023
Severance and termination costs			$	7					$	71					$	(57)											$	—					$	21
Contract termination and other costs			—						5						(4)												(1)						—
			$	7					$	76					$	(61)											$	(1)					$	21

X

- References

No definition available.

+ Details

Name:	us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

+ Details

Name:	us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

+ Details

Name:	us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration