XML 25 R9.htm IDEA: XBRL DOCUMENT v3.23.3
Restructuring and Employee Severance
3 Months Ended
Sep. 30, 2023
Restructuring Charges [Abstract]  
Restructuring and Employee Severance
3. Restructuring and Employee Severance
The following table summarizes restructuring and employee severance costs:
Three Months Ended September 30,
(in millions)20232022
Employee-related costs$7 $19 
Facility exit and other costs18 10 
Total restructuring and employee severance$25 $29 

Employee-related costs primarily consist of termination benefits provided to employees who have been involuntarily terminated, duplicate payroll costs and retention bonuses incurred during transition periods. Facility exit and other costs primarily consist of project consulting fees, accelerated depreciation, professional, project management and other service fees to support divestitures, costs associated with vacant facilities and certain other divestiture-related costs.
During the three months ended September 30, 2023, restructuring and employee severance costs were primarily related to certain
projects resulting from reviews of our strategy, portfolio, capital-allocation framework and operations and the implementation of certain enterprise-wide cost-savings measures. During the three months ended September 30, 2022, restructuring and employee severance costs were primarily related to the implementation of certain enterprise-wide cost-savings measures.
The following table summarizes activity related to liabilities associated with restructuring and employee severance:
(in millions)Employee-
Related Costs
Facility Exit
and Other Costs
Total
Balance at June 30, 2023$44 $$46 
Additions10 
Payments and other adjustments(15)(2)(17)
Balance at September 30, 2023$35 $4 $39