XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.25.3

Restructuring | 9 Months Ended
--- | ---
Sep. 30, 2025
Restructuring and Related Activities [Abstract] |
Restructuring | 17. Restructuring Transformation Program On February 20, 2023, the Company approved a two-year strategic transformation restructuring program (the “Transformation Program”) intended to accelerate the Company’s back-office infrastructure into the cloud and transform its operating model leveraging technology in order to reduce its overall future costs. The Transformation Program included process and system optimization, third party costs associated with technology infrastructure transformation, and elimination of full-time positions. From the inception of the plan through March 31, 2025, the Company incurred total expenses of $140 million, and the plan was substantially complete. These charges were recorded in Selling, general and administrative expenses in the Condensed Consolidated Statements of Comprehensive Income (Loss). Post-Separation Plan On May 6, 2025, the Audit Committee of the Board of Directors of the Company approved a program (the “Post-Separation Plan” or “PSP”) intended to further optimize our operations following the sale of the Divested Business in July 2024. The PSP includes simplifying our post-divestiture operating model, rationalizing our technology spend, expanding our use of artificial intelligence and automation and continued optimization of real estate. The Company currently expects to record in the aggregate approximately $65 million in pre-tax restructuring costs over the duration of the PSP, which includes primarily cash severance payments of $20 million and other restructuring cash payments and charges related to technology spend, professional services and optimization of real estate with an estimated range of $35 million to $45 million. The Company estimates an annual savings of over $75 million after the PSP is completed. The PSP commenced in the second quarter of 2025 and is expected to be substantially completed over an estimated fifteen-month period. The following table summarizes restructuring costs by type (in millions):
| Three Months Ended September 30, 2025 |  | Three Months Ended September 30, 2024 |  | Nine Months Ended September 30, 2025 |  | Nine Months Ended September 30, 2024 |  |  |  | Inception to Date |  | Estimated Remaining Cost |  | Estimated Total Cost
Transformation Program |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Employer Solutions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Severance and Related Benefits | $ | — |  |  | $ | 8 |  |  | $ | 2 |  |  | $ | 18 |  |  |  |  | $ | 45 |  |  | $ | — |  |  | $ | 45 |
Other Restructuring Costs(1) | — |  |  | 4 |  |  | 2 |  |  | 27 |  |  |  |  | 95 |  |  | — |  |  | 95 |
Total Transformation Program Costs | $ | — |  |  | $ | 12 |  |  | $ | 4 |  |  | $ | 45 |  |  |  |  | $ | 140 |  |  | $ | — |  |  | $ | 140 |
Post-Separation Plan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Employer Solutions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Severance and Related Benefits | $ | — |  |  | $ | — |  |  | $ | 20 |  |  | $ | — |  |  |  |  | $ | 20 |  |  | $ | — |  |  | $ | 20 |
Other Restructuring Costs(1) | 4 |  |  | — |  |  | 20 |  |  | — |  |  |  |  | 20 |  |  | 25 |  |  | 45 |
Total PSP Costs | $ | 4 |  |  | $ | — |  |  | $ | 40 |  |  | $ | — |  |  |  |  | $ | 40 |  |  | $ | 25 |  |  | $ | 65 |
Total Restructuring Costs | $ | 4 |  |  | $ | 12 |  |  | $ | 44 |  |  | $ | 45 |  |  |  |  | $ | 180 |  |  | $ | 25 |  |  | $ | 205 |
(1)Other restructuring costs primarily include data center exit costs, optimization of real estate, third-party fees associated with the restructuring, and costs associated with transitioning existing technology and processes. For the three months ended September 30, 2025, the Company did not record any right of use asset impairments. For the nine months ended September 30, 2025, the Company recorded a $9 million right of use asset impairment change for certain facilities. The related liabilities will be satisfied under the original terms of the lease, unless buy-outs can be negotiated. As of September 30, 2025, approximately $18 million of the Company's total severance and related benefits restructuring liability was unpaid and recorded in Accounts payable and accrued liabilities on the Condensed Consolidated Balance Sheets.
| Severance and Related Benefits
| Transformation Program |  | Post-Separation Plan |  | Total
(in millions) |  |  |  |  |
Accrued restructuring liability as of December 31, 2024 | $ | 12 |  |  | $ | — |  |  | $ | 12 |
Severance and related benefits | 2 |  |  | 20 |  |  | 22 |
Cash payments | (10) |  |  | (6) |  |  | (16) |
Accrued restructuring liability as of September 30, 2025 | $ | 4 |  |  | $ | 14 |  |  | $ | 18 |

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 The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration