Restructuring Charges and Other Costs Associated with Acquisitions and Cost-Reduction/Productivity Initiatives (Tables)

9 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

The components of costs incurred in connection with restructuring initiatives, acquisitions and cost-reduction/productivity initiatives are as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(MILLIONS OF DOLLARS)	2022		2021		2022		2021
Restructuring charges and certain acquisition-related costs:
Integration costs(a)	$	1	$	1	$	4	$	6
Restructuring charges(b):
Employee termination costs	2		7		2		17
Asset impairment charges	2		—		2		13
Exit costs	1		1		1		3
Total Restructuring charges and certain acquisition-related costs	$	6	$	9	$	9	$	39

(a)    Integration costs represent external, incremental costs directly related to integrating acquired businesses and primarily include expenditures for consulting and the integration of systems and processes, as well as product transfer costs.

(b)    The restructuring charges for the three and nine months ended September 30, 2022 represents employee termination and exit costs associated with cost-reduction and productivity initiatives in certain international markets, as well as asset impairment charges primarily related to the consolidation of manufacturing sites in China.

The restructuring charges for the three months ended September 30, 2021 primarily represents employee termination costs associated with the realignment of our international operations. The restructuring charges for the nine months ended September 30, 2021 primarily represents employee termination costs associated with our international operations and other costs associated with cost-reduction and productivity initiatives, as well as asset impairment charges related to the consolidation of manufacturing sites in China.

(MILLIONS OF DOLLARS)	Accrual(a)
Balance, December 31, 2021(a)	$	25
Provision	5
Non-cash activity	(2)
Utilization and other(b)	(13)
Balance, September 30, 2022(a)	$	15

(a)     At September 30, 2022 and December 31, 2021, included in Accrued expenses ($5 million and $14 million, respectively) and Other noncurrent liabilities ($10 million and $11 million, respectively).

(b)     Includes adjustments for foreign currency translation.