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Restructuring (Tables)
9 Months Ended
Sep. 30, 2024
Restructuring and Related Activities [Abstract]  
Schedule of Change in Balance Sheet Position of Employee Related Restructuring Reserves

The table below summarizes the change in the balance sheet position of the employee-related restructuring reserves (dollars in millions). The restructuring reserve balances are included within Accrued expenses in the Condensed Consolidated Balance Sheets. The changes in the employee-related reserves have been charged against Other income (expense), net in the Consolidated Statements of Income. Restructuring costs other than employee related costs are immaterial for all periods presented.

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Reserve at beginning of the period

 

$

189

 

 

$

127

 

 

$

213

 

 

$

32

 

Provision - charge

 

 

9

 

 

 

8

 

 

 

22

 

 

 

118

 

Provision - reversal

 

 

(1

)

 

 

(1

)

 

 

(1

)

 

 

(1

)

Cash payments

 

 

(19

)

 

 

(9

)

 

 

(49

)

 

 

(24

)

Translation difference

 

 

8

 

 

 

(3

)

 

 

1

 

 

 

(2

)

Reserve at end of the period

 

$

187

 

 

$

122

 

 

$

187

 

 

$

122