MERGER, RESTRUCTURING AND OTHER ACTIVITY (Tables)

9 Months Ended

Sep. 30, 2023

Merger Restructuring And Other Activity [Abstract]

Summary of Major Components of Merger, Restructuring and Other Operating Expenses, Net

The table below summarizes the major components of Merger, restructuring and other operating expenses, net.

	Third Quarter					Year-to-Date
(In millions)	2023		2022			2023		2022
Merger and transaction related expenses
Transaction and integration	$	—	$	(7	)	$	—	$	(7	)
Total Merger and transaction related expenses		—		(7	)		—		(7	)
Restructuring expenses
Severance		—		(1	)		—		(2	)
Professional fees		—		—			—		—
Facility closure, contract termination, and other expenses, net		1		2			2		4
Total Restructuring expenses, net		1		1			2		2
Other operating expenses
Professional fees		—		14			—		47
Total Other operating expenses		—		14			—		47
Total Merger, restructuring and other operating expenses, net	$	1	$	8		$	2	$	42

Facility Closure and Severance Costs

The activity in the merger, restructuring and other accruals year-to-date 2023 is presented in the table below. Certain merger, restructuring and other charges are excluded from the table because they are paid as incurred or non-cash, such as accelerated depreciation and gains and losses on asset dispositions.

	Balance as of							Balance as of
	December 31,		Charges (credits)		Cash			September 30,
(In millions)	2022		Incurred		Payments			2023
Termination benefits:
Maximize B2B Restructuring Plan	$	5	$	—	$	(3	)	$	2
Lease and contract obligations, accruals for facilities    closures and other costs:
Maximize B2B Restructuring Plan		4		4		(4	)		4
Comprehensive Business Review		1		—		—			1
Previously planned separation of consumer business and re-alignment		2		—		(2	)		—
Total	$	12	$	4	$	(9	)	$	7