Restructuring (Tables)

6 Months Ended

Jun. 30, 2019

Restructuring and Related Activities [Abstract]

The following table summarizes restructuring and separation costs by type that have been incurred through June 30, 2019 and are estimated to be incurred through the end of the Restructuring Plan (in millions). Estimated costs by type may be revised in future periods as these assumptions are updated:



	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019		Inception to Date		Estimated Remaining Costs		Estimated Total Cost ⁽¹⁾
Workforce reduction	$	78	$	102	$	516	$	14	$	530
Technology rationalization ⁽²⁾	4		15		95		35		130
Lease consolidation ⁽²⁾	5		14		50		30		80
Asset impairments	2		2		41		4		45
Other costs associated with restructuring and separation ^{(2) (3)}	38		85		498		67		565
Total restructuring and related expenses	$	127	$	218	$	1,200	$	150	$	1,350

(1)

Actual costs, when incurred, may vary due to changes in the assumptions built into the Restructuring Plan. Significant assumptions that may change when plans are finalized and implemented include, but are not limited to, changes in severance calculations, changes in the assumptions underlying sublease loss calculations due to changing market conditions, and changes in the overall analysis that might cause the Company to add or cancel component initiatives. Estimated Total Cost includes $100 million of non-cash charges.

(2)

Total contract termination costs incurred under the Restructuring Plan associated with Technology rationalizations, Lease consolidations, and Other costs, respectively, associated with restructuring and separation were for the three months ended June 30, 2019, $2 million, $4 million, and $1 million; for the six months ended June 30, 2019, were $3 million, $13 million, and $3 million; and since inception of the Restructuring Plan, were $9 million, $46 million, and $91 million. Total estimated contract termination costs expected to be incurred under the Restructuring Plan associated with Technology rationalizations, Lease consolidations, and Other costs associated with restructuring and separation, are $15 million, $80 million, and $95 million, respectively.

(3)

Other costs associated with the Restructuring Plan include those to separate the Divested Business, as well as moving costs, and consulting and legal fees. These costs are generally recognized when incurred.

Schedule of Restructuring Reserve by Type of Cost

The changes in the Company’s liabilities for the Restructuring Plan as of June 30, 2019 are as follows (in millions):




Balance as of December 31, 2018	$	201
Expensed	204
Cash payments	(222		)
Foreign currency translation	1
Balance as of June 30, 2019	$	184