XML 43 R32.htm IDEA: XBRL DOCUMENT v3.24.0.1
Restructuring
12 Months Ended
Dec. 31, 2023
Expense Of Restructuring Activities And Other [Abstract]  
Restructuring
(23)
Restructuring

Restructuring costs were $20 in 2023, related to severance costs due to global cost-saving initiatives. Restructuring costs were $10 in 2022, primarily related to severance costs due to a global cost-saving initiative, the closure of two facilities in Europe, the movement of certain products to low-cost regions as well as executive payments related to the Atotech Acquisition.

The activity related to the Company’s restructuring accrual is shown below:

 

 

2023

 

 

2022

 

Balance at January 1

 

$

3

 

 

$

3

 

Charged to expense

 

 

20

 

 

 

10

 

Payments and adjustments

 

 

(14

)

 

 

(10

)

Balance at December 31

 

$

9

 

 

$

3