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TRANSFORMATION STRATEGY (Notes)

9 Months Ended

Sep. 30, 2020

Restructuring and Related Activities [Abstract]

TRANSFORMATION STRATEGY COSTS

In the first quarter of 2018, we launched the first phase of a multi-year, enterprise-wide transformation strategy impacting our organization. Over the next several years additional phases will be implemented. The program includes investments, as well as changes in processes and technology, that impact global direct and indirect operating costs.

The table below presents the transformation strategy costs for the three and nine months ended September 30, 2020 and 2019 (in millions):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Transformation Strategy Costs:
Compensation and benefits	$	18	$	41	$	111	$	149
Total other expenses	26		22		90		58
Total Transformation Strategy Costs	$	44	$	63	$	201	$	207

Income Tax Benefit from Transformation Strategy Costs	(11)		(16)		(50)		(50)
After Tax Transformation Strategy Costs	$	33	$	47	$	151	$	157

The income tax effects of transformation strategy costs are calculated by multiplying the amount of the adjustments by the statutory tax rates applicable in each tax jurisdiction.