BUSINESS OPTIMIZATION CHARGES (Tables)

6 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

Summary of Business Optimization Charges

During the three and six months ended June 30, 2025 and 2024, we recorded the following charges related to business optimization programs.

	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2025		2024		2025		2024
Restructuring charges	$	14	$	4	$	58	$	21
Costs to implement business optimization programs	3		5		4		10
Total business optimization charges	$	17	$	9	$	62	$	31

Components of Restructuring Charges

During the three and six months ended June 30, 2025 and 2024, we recorded the following restructuring charges.

	Three months ended June 30, 2025
(in millions)	COGS		SG&A		Total
Employee termination costs	$	(1)	$	6	$	5
Contract termination and other costs	2		2		4
Asset write offs	3		2		5
Total restructuring charges	$	4	$	10	$	14

	Three months ended June 30, 2024
(in millions)	COGS		SG&A		Total
Employee termination costs	$	(1)	$	4	$	3
Contract termination and other costs	1		—		1
Total restructuring charges	$	—	$	4	$	4

	Six months ended June 30, 2025
(in millions)	COGS		SG&A		R&D		Total
Employee termination costs	$	11	$	19	$	1	$	31
Contract termination and other costs	2		2		—		4
Asset write offs	4		19		—		23
Total restructuring charges	$	17	$	40	$	1	$	58

	Six months ended June 30, 2024
(in millions)	COGS		SG&A		Total
Employee termination costs	$	2	$	15	$	17
Contract termination and other costs	1		3		4
Total restructuring charges	$	3	$	18	$	21

Summary of Activity in Reserves Related to Restructuring Initiatives

The following table summarizes activity in the liability related to our restructuring initiatives.

(in millions)
Liability balance as of December 31, 2024	$	122
Charges	42
Payments	(67)
Reserve adjustments	(7)
Currency translation	7
Liability balance as of June 30, 2025	$	97