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Strategic Initiatives (Tables)
9 Months Ended
Sep. 30, 2020
Restructuring and Related Activities [Abstract]  
Expected Restructuring and Related Costs The following table presents a summary of the total pre-tax charges we expect to incur by reportable segment:
Expected Charges in Connection
with Restructuring Plan
MinimumMaximum
 (in millions)
Wealth and Personal Banking
$24 $28 
Commercial Banking8 10 
Global Banking and Markets90 110 
Corporate Center(1)
288 332 
Total
$410 $480 
(1)Includes restructuring charges primarily related to lease impairment and other related costs, as well as severance costs associated with certain centralized activities and functions.
Schedule of Changes in Restructuring Liability
The following table summarizes the changes in the liability associated with our Restructuring Plan during the three and nine months ended September 30, 2020:
Severance and Other Employee Costs(1)
Lease Termination and Associated Costs(2)
Total
 (in millions)
Three Months Ended September 30, 2020
Restructuring liability at beginning of period
$22 $23 $45 
Restructuring costs accrued during the period13 4 17 
Restructuring costs paid during the period(12)(3)(15)
Restructuring liability at end of period
$23 $24 $47 
Nine Months Ended September 30, 2020
Restructuring liability at beginning of period$ $ $ 
Restructuring costs accrued during the period35 28 63 
Restructuring costs paid during the period(12)(4)(16)
Restructuring liability at end of period$23 $24 $47 
(1)Severance and other employee costs are included in salaries and employee benefits in the consolidated statement of income (loss). The majority of these costs were reported in the Wealth and Personal Banking and the Global Banking and Markets business segments. Not included in these costs are allocated severance costs from HSBC Technology & Services ("HTSU") discussed further below.
(2)Primarily includes real estate taxes, service charges and decommissioning costs. Lease termination and associated costs are included in occupancy expense, net in the consolidated statement of income (loss) and were reported in the Corporate Center business segment.