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Cost Reduction Programs and Other Charges (Tables)

9 Months Ended

Sep. 30, 2021

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, 2021:

			Quarter Ended September 30, 2021
(millions of dollars)			Severance costs						Other cost reduction charges						Total cost reduction program related charges						Merger-related and other charges						Total
Americas			$	1					$	—					$	1					$	(4)					$	(3)
EMEA			15						2						17						—						17
APAC			—						—						—						—						—
Engineering			—						—						—						—						—
Other			4						7						11						1						12
Total			$	20					$	9					$	29					$	(3)					$	26

			Nine Months Ended September 30, 2021
(millions of dollars)			Severance costs						Other cost reduction charges						Total cost reduction program related charges						Merger-related and other charges						Total
Americas			$	4					$	2					$	6					$	(4)					$	2
EMEA			197						23						220						—						220
APAC			7						2						9						(53)						(44)
Engineering			7						6						13						—						13
Other			13						16						29						2						31
Total			$	228					$	49					$	277					$	(55)					$	222

The following table summarizes the activities related to the company's cost reduction related charges for the nine months ended September 30, 2021:

(millions of dollars)			Severance costs						Other cost reduction charges						Total cost reduction program related charges						Merger-related and other charges						Total
Balance, December 31, 2020			$	283					$	22					$	305					$	64					$	369
2021 Cost Reduction Programs and Other Charges			228						49						277						(55)						222
Less: Cash payments			(113)						(9)						(122)						(17)						(139)
Less: Non-cash charges / benefits			—						(21)						(21)						54						33
Foreign currency translation and other			(14)						(5)						(19)						—						(19)
Balance, September 30, 2021			$	384					$	36					$	420					$	46					$	466

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- References

No definition available.

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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
-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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