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Accrued Expenses and Other Current Liabilities - Details of Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Payables and Accruals [Abstract]    
Accrued salary, bonus, and other employee-related benefits $ 70 $ 65
Accrued marketing costs 67 68
Interest payable [1] 17 17
Income taxes payable - current [2] 6 16
Finance lease liability - current portion [3] 6 6
Operating lease liabilities - current portion [3] 10 14
Restructuring and other related reorganization costs [4] 13 0
Non-income taxes payable 16 7
Other 53 54
Total $ 258 $ 247
[1] Amount relates primarily to unpaid interest accrued on our 2025 Senior Notes. Refer to “Note 8: Debt” for further information.
[2] Refer to “Note 10: Income Taxes” for further information regarding our income tax liabilities.
[3] Refer to “Note 5: Leases” for further information regarding our lease obligations.
[4] During the third quarter of 2023, the Company approved and subsequently initiated a set of actions across its businesses in order to reduce its cost structure, improve operational efficiencies, and realign its workforce with its strategic initiatives. These actions taken by the Company resulted in reduced global headcount. As a result, the Company incurred estimated pre-tax restructuring and other related reorganization costs of $22 million during the year ended December 31, 2023, consisting primarily of employee severance and related benefits. Potential job position eliminations in each country remain subject to local law and consultation requirements, which have extended beyond 2023 in certain countries. Therefore, actual costs incurred may differ
from estimated costs recorded as of December 31, 2023. We expect the majority of remaining unpaid costs as of December 31, 2023 to be disbursed during the first quarter of 2024.