Restructuring Costs

9 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

Restructuring costs include Company initiated actions related to improving and streamlining the Company's global information technology and HR functions, JLT integration costs, improving efficiencies and client services related to the Marsh operational excellence program, and real estate related costs for exiting leased facilities.

For the three and nine months ended September 30, 2022, the Company incurred costs of $38 million and $96 million, respectively, reflecting $18 million and $44 million in RIS, $5 million and $16 million in Consulting, and $15 million and $36 million in Corporate related to these initiatives.

Details of the restructuring activity from January 1, 2021 through September 30, 2022, are as follows:


(In millions)	Severance		Real Estate Related Costs (a)		Information Technology		Consulting and Other Outside Services		Total
Liability at 1/1/21	$	52	$	51	$	2	$	1	$	106
2021 charges	38		31		23		71		163
Cash payments	(55)		(26)		(25)		(72)		(178)
Non-cash charges	—		(22)		—		—		(22)

Liability at 12/31/21	$	35	$	34	$	—	$	—	$	69
2022 charges	6		12		7		71		96
Cash payments	(31)		(18)		(5)		(70)		(124)
Non-cash charges	—		(5)		(2)		—		(7)
Liability at 9/30/22	$	10	$	23	$	—	$	1	$	34

(a) Includes ROU and fixed asset impairments and other real estate related costs.

The expenses associated with these initiatives are included in compensation and benefits and other operating expenses in the consolidated statements of income. The liabilities associated with these initiatives are classified on the consolidated balance sheets as accounts payable and accrued liabilities, other liabilities or accrued compensation and employee benefits, depending on the nature of the items.