Restructuring Programs (Tables)

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Cost

Restructuring and related costs, net reflect the following components for the three years ended December 31, 2023, 2022 and 2021:

	Year Ended December 31,
	2023		2022		2021
Restructuring charges, net	$	114	$	68	$	18
Asset impairment charges, net	32		(6)		9
Related costs, net	21		3		11
Total Restructuring and related costs, net	$	167	$	65	$	38

	Year Ended December 31,
	2023		2022		2021
Lease right of use assets(1)	$	—	$	2	$	3
Owned assets(1)	36		15		12
Asset impairments	36		17		15
Gain on sales of owned assets(2)	—		(22)		(4)
Adjustments/Reversals	(4)		(1)		(2)
Net asset impairment charge (credit)	$	32	$	(6)	$	9

______________

(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:

	Year Ended December 31,
	2023		2022		2021
Retention-related severance/bonuses(1)	$	(2)	$	—	$	6
Contractual severance costs	—		3		1
Consulting and other costs(2)	23		—		4
Total	$	21	$	3	$	11

_____________

(1)Includes retention related severance and bonuses for employees expected to continue working beyond their minimum retention period before termination.

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

Schedule of Restructuring Program Activity

A summary of our restructuring program activity for the three years ended December 31, 2023, 2022 and 2021 is as follows:

	Severance  Costs		Other Contractual Termination Costs(2)		Total
Balance at December 31, 2020	$	78	$	4	$	82
Restructuring provision	30		3		33
Reversals of prior charges	(13)		(2)		(15)
Net Current Period Charges(1)	17		1		18
Charges against reserve and currency	(70)		(3)		(73)
Balance at December 31, 2021	$	25	$	2	$	27
Restructuring provision	74		3		77
Reversals of prior charges	(8)		(1)		(9)
Net Current Period Charges(1)	66		2		68
Charges against reserve and currency	(52)		—		(52)
Balance at December 31, 2022	$	39	$	4	$	43
Restructuring provision	125		—		125
Reversals of prior charges	(11)		—		(11)
Net Current Period Charges(1)	114		—		114
Charges against reserve and currency	(24)		(4)		(28)
Balance at December 31, 2023	$	129	$	—	$	129

_____________

(1)Represents net amount recognized within the Consolidated Statements of Income (Loss) for the years shown for restructuring. 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 Consolidated Statements of Cash Flows:

	Year Ended December 31,
	2023		2022		2021
Restructuring Cash Payments	$	(27)	$	(52)	$	(72)
Effects of foreign currency and other non-cash items	(1)		—		(1)
Charges against reserve and currency	$	(28)	$	(52)	$	(73)