Accrued Expenses and Other Current Liabilities (Tables)

9 Months Ended

Sep. 30, 2020

Details of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following for the periods presented:

	September 30, 2020		December 31, 2019
	(in millions)
Accrued salary, bonus, and related benefits	$	31	$	74
Accrued marketing costs		20		27
Accrued interest payable (1)		9		—
Current income tax payables		1		14
Finance lease liability - current portion		5		5
Operating leases liability - current portion		22		20
Restructuring and other related reorganization costs (2)		2		1
Other		58		62
Total	$	148	$	203

(1)

Amount relates primarily to accrued interest on our Senior Notes, and to a lesser extent commitment fees on the daily unused portion of our 2015 Credit Facility. Refer to “Note 8: Debt” for additional information.

(2)

The Company incurred pre-tax restructuring and other related reorganization costs of $42 million during the nine months ended September 30, 2020. The costs consist of employee severance and related benefits. In response to the COVID-19 pandemic, during the second quarter of 2020, the Company committed to restructuring actions intended to reinforce its financial position, reduce its cost structure, and improve operational efficiencies, which have resulted in headcount reductions, for which we recognized $33 million in restructuring and other related reorganization costs. In addition, we engaged in a smaller scale restructuring action in the first quarter of 2020 to reduce our cost structure and improve our operational efficiencies, which resulted in headcount reductions for which we recognized $9 million in restructuring and other related reorganization costs.

Summary of Restructuring and Other Related Reorganization Costs

The following table summarizes our restructuring and other related reorganization costs for the nine months ended September 30, 2020:

	Restructuring and other related reorganization costs
	(in millions)
Accrued liability as of December 31, 2019	$	1
Charges		42
Payments		(41	)
Accrued liability as of September 30, 2020	$	2