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Restructuring (Tables)

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Restructuring-Related Charges

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			$	35		$	2		$	37					$	15					$	52
Network Optimization Project			6			4			10						34						44
Project Phoenix			78			2			80						27						107
			$	119		$	8		$	127					$	76					$	203

Restructuring charges, net and restructuring-related charges incurred by reportable business segment in connection with the Plans, since inceptions were as follows (in millions):

			Total restructuring costs						Restructuring-related costs						Total costs
Home and Commercial Solutions			$	51					$	38					$	89
Learning and Development			27						1						28
Outdoor and Recreation			15						10						25
Corporate			34						27						61
			$	127					$	76					$	203

Restructuring costs incurred by reportable business segment for all restructuring activities for the years ended December 31, are as follows (in millions):

			2024						2023						2022
Home and Commercial Solutions			$	9					$	50					$	5
Learning and Development			14						18						4
Outdoor and Recreation			4						11						5
Corporate			18						16						1
			$	45					$	95					$	15

Schedule of Accrued Restructuring Costs Activity

Accrued restructuring costs activity for the year ended December 31, 2024 are as follows (in millions):

			Balance at December 31, 2023						Restructuring Costs, Net						Payments												Balance at December 31, 2024
Severance and termination costs			$	30					$	40					$	(58)											$	12
Contract termination and other costs			—						5						(5)												—
			$	30					$	45					$	(63)											$	12

Accrued restructuring costs activity for the year ended December 31, 2023 are as follows (in millions):

			Balance at December 31, 2022						Restructuring Costs, Net						Payments						Foreign Currency and Other						Balance at December 31, 2023
Severance and termination costs			$	7					$	89					$	(66)					$	—					$	30
Contract termination and other costs			—						6						(5)						(1)						—
			$	7					$	95					$	(71)					$	(1)					$	30

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- 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)
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-Topic 420
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- 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)
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-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

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