Restructuring Programs (Tables)

6 Months Ended

Jun. 30, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Program Activity

Information related to our restructuring programs is summarized below:

	Severance and Related Costs		Other Contractual Termination Costs(2)		Total
Balance at December 31, 2022	$	39	$	4	$	43
Provision	5		—		5
Reversals	(4)		—		(4)
Net current period charges(1)	1		—		1
Charges against reserve and currency	(6)		—		(6)
Balance at March 31, 2023	34		4		38
Provision	3		—		3
Reversals	(2)		—		(2)
Net current period charges(1)	1		—		1
Charges against reserve and currency	(7)		(1)		(8)
Balance at June 30, 2023	$	28	$	3	$	31

______________

(1)Represents net amount recognized within the Condensed Consolidated Statements of (Loss) Income for the period shown for restructuring charges. Reversals of prior charges primarily include net changes in estimated reserves from prior period initiatives.

(2)Primarily includes additional costs incurred upon the exit from our facilities including decommissioning costs and associated contractual termination costs.

Schedule of Reconciliation to The Consolidated Statements of Cash Flows

The following table summarizes the reconciliation to the Condensed Consolidated Statements of Cash Flows:

	Six Months Ended June 30,
	2023		2022
Charges against reserve and currency	$	(14)	$	(21)
Effects of foreign currency and other non-cash items	—		—
Restructuring cash payments	$	(14)	$	(21)

Schedule of Restructuring Related Asset Impairment Activity

A summary of our restructuring-related asset impairment activity is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Lease right of use assets(1)	$	—	$	—	$	—	$	1
Owned assets(1)	12		1		12		1
Asset impairments	12		1		12		2
Gain on sales of owned assets(2)	—		(20)		—		(20)
Adjustments/Reversals	—		—		—		—
Net asset impairment charge	$	12	$	(19)	$	12	$	(18)

_____________

(1)Primarily related to the exit and abandonment of leased and owned facilities, net of any potential sublease income and recoveries.

(2)Reflect gain on the sales of exited surplus facilities and land.

In connection with our restructuring programs, we also incurred certain related costs as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Retention related severance/bonuses(1)	$	—	$	—	$	1	$	(2)
Contractual severance costs	—		(1)		—		(1)
Consulting and other costs(2)	10		—		10		—
Total	$	10	$	(1)	$	11	$	(3)

_____________

(1)Includes retention related severance and bonuses for employees expected to continue working beyond their minimum retention period before termination. The credit for the six months ended June 30, 2022 reflects a change in estimate.

(2)Represents professional support services associated with our business transformation initiatives.