Restructuring Expenses

3 Months Ended

Mar. 31, 2017

Restructuring and Related Activities [Abstract]

Restructuring Expenses

Restructuring Expenses

After the acquisition of the IS&GS Business, the Company began an initiative to align its cost structure, which includes optimization of its real estate portfolio by vacating certain facilities and consolidating others, and by reducing headcount.

The restructuring expenses related to this program were as follows:

	Three Months Ended
	March 31, 2017
	(in millions)
Severance costs	$	10
Lease termination expenses	3
Restructuring expenses related to the IS&GS Business	$	13

These restructuring expenses have been recorded within the Corporate segment and presented separately on the condensed consolidated statements of income.

The restructuring liability related to this program at March 31, 2017, was:

	Severance costs			Lease termination expenses			Total
	(in millions)
Balance as of December 30, 2016	$	7		$	1		$	8
Charges	10			3			13
Cash payments	(14		)	(3		)	(17		)
Balance as of March 31, 2017	$	3		$	1		$	4

The Company expects the remainder of the restructuring liability to be settled within one year.