Note 4 - Restructuring of Operations

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Restructuring and Related Activities Disclosure [Text Block]

Note 4.  Restructuring of Operations

Our restructuring activities include rationalizing our operating footprint by consolidating facilities, positioning operations in lower cost locations and reducing overhead costs as well as headcount reduction initiatives to reduce operating costs. Restructuring expense includes costs associated with current and previously announced actions and is comprised of contractual and noncontractual separation costs and exit costs, including certain operating costs of facilities that we are in the process of closing.

Accrued restructuring costs and activity, including noncurrent portion —

	Employee
	Termination			Exit
	Benefits			Costs			Total
Balance, December 31, 2020	$	30		$	—		$	30
Charges to restructuring		2			5			7
Adjustments of accruals		(7	)					(7	)
Cash payments		(13	)		(5	)		(18	)
Currency impact		(1	)					(1	)
Balance, December 31, 2021		11			—			11
Charges to restructuring		2			2			4
Adjustments of accruals		(5	)					(5	)
Cash payments		(6	)		(2	)		(8	)
Balance, December 31, 2022		2			—			2
Charges to restructuring		17			8			25
Cash payments		(9	)		(8	)		(17	)
Balance, December 31, 2023	$	10		$	—		$	10

At  December 31, 2023, accrued employee termination benefits include costs to reduce approximately 300 employees to be completed over the next year.