Restructuring and Other Charges

9 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

Restructuring and Other Charges

Restructuring and Other Charges

	Third quarter ended				Nine months ended
	September 30,				September 30,
	2022		2021		2022		2021
Layoff costs	$	—	$	—	$	—	$	2
Reversals of previously recorded layoff reserves	—		—		(1)		(1)
Pension and Other post-retirement benefits - net settlements (E)	3		3		7		9
Non-cash asset impairments	—		4		—		8
Net loss related to divestitures of assets and businesses (P)	—		—		—		4
Other	1		1		6		—
Restructuring and other charges	$	4	$	8	$	12	$	22

In the third quarter of 2022, the Company recorded Restructuring and other charges of $4, which were primarily due to charges

for U.S. and Canadian pension plan settlements of $3 and exit related costs, including accelerated depreciation, of $1.

In the nine months ended September 30, 2022, the Company recorded Restructuring and other charges of $12, which were primarily due to charges for U.S. pension plan settlements of $7 and exit related costs, including accelerated depreciation, of $6, partially offset by a reversal of $1 for a layoff reserve related to a prior period.

In the third quarter and nine months ended September 30, 2021, the Company recorded Restructuring and other charges of $8 and $22, respectively, which were primarily due to charges for pension plan settlements and exit related costs.

	Layoff costs		Other exit costs		Total
Reserve balances at December 31, 2021	$	17	$	2	$	19
Cash payments	(9)		(5)		(14)
Restructuring charges	6		6		12
Other(1)	(7)		(1)		(8)
Reserve balances at September 30, 2022	$	7	$	2	$	9

(1)In the nine months ended September 30, 2022, other for layoff costs included a $7 charge for U.S. pension plan settlements and for other exit costs included a $1 charge for accelerated depreciation.

The majority of the layoff cost and other exit cost reserves is expected to be paid in cash during the remainder of 2022 and 2023, with small amounts to be paid in 2024.