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Cost Reduction Programs and Other Charges (Tables)

9 Months Ended

Sep. 30, 2020

Restructuring and Related Activities [Abstract]

Summary of Cost Reductions

The following table summarizes the activities related to the company's cost reduction charges for the quarter and nine months ended September 30, 2020:

			Quarter Ended September 30, 2020
(millions of dollars)			Severance costs						Other cost reduction charges						Total cost reduction program related charges						Merger-related and other charges						Total
Americas			$	2					$	—					$	2					$	6					$	8
EMEA			17						4						21						5						26
APAC			2						—						2						—						2
Engineering			1						(1)						—						—						—
Other			9						5						14						(2)						12
Total			$	31					$	8					$	39					$	9					$	48
			Nine Months Ended September 30, 2020
(millions of dollars)			Severance costs						Other cost reduction charges						Total cost reduction program related charges						Merger-related and other charges						Total
Americas			$	33					$	23					$	56					$	12					$	68
EMEA			155						8						163						5						168
APAC			5						2						7						3						10
Engineering			22						6						28						8						36
Other			66						10						76						70						146
Total			$	281					$	49					$	330					$	98					$	428

The following table summarizes the activities related to the company's cost reduction related charges for the nine months ended September 30, 2020:

(millions of dollars)			Severance costs						Other cost reduction charges						Total cost reduction program related charges						Merger-related and other charges						Total
Balance, December 31, 2019			$	117					$	16					$	133					$	67					$	200
2020 Cost Reduction Programs and Other Charges			281						49						330						98						428
Less: Cash payments			(103)						(13)						(116)						(45)						(161)
Less: Non-cash charges			—						(32)						(32)						(71)						(103)
Foreign currency translation and other			8						1						9						4						13
Balance, September 30, 2020			$	303					$	21					$	324					$	53					$	377

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- References

No definition available.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.P.4)
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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