TRANSFORMATION STRATEGY COSTS (Tables)

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

The table below presents Transformation strategy costs for the years ended December 31, 2023, 2022 and 2021 (in millions):

	2023		2022		2021
Compensation and benefits	$	337	$	46	$	206
Total other expenses	98		132		174
Total Transformation Strategy Costs	$	435	$	178	$	380
Income Tax Benefit from Transformation Strategy Costs	(102)		(36)		(95)
After-Tax Transformation Strategy Costs	$	333	$	142	$	285

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.