TRANSFORMATION STRATEGY COSTS (Tables)

12 Months Ended

Dec. 31, 2021

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

The table below presents the transformation strategy costs for the years ended December 31, 2021, 2020 and 2019 (in millions):

	2021		2020		2019
Compensation and benefits	$	206	$	211	$	166
Total other expenses	174		137		89
Total Transformation Strategy Costs	$	380	$	348	$	255
Income Tax Benefit from Transformation Strategy Costs	(95)		(83)		(59)
After-Tax Transformation Strategy Costs	$	285	$	265	$	196

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.