Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Details of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following for the periods presented:

	December 31, 2020		December 31, 2019
	(in millions)
Accrued salary, bonus, and related benefits	$	49	$	74
Accrued marketing costs		13		27
Interest payable (1)		18		—
Current income taxes payable (2)		1		14
Finance lease obligation - current portion (3)		5		5
Operating lease liabilities - current portion (3)		21		20
Restructuring and other related reorganization costs (4)		—		1
Other		53		62
Total	$	160	$	203

(1)

Amount relates primarily to unpaid interest accrued on our Senior Notes. Refer to “Note 10: Debt” for further information.

(2)

Refer to “Note 12: Income Taxes” for further information regarding our income tax liabilities.

(3)

Refer to “Note 7: Leases” for further information regarding our lease obligations.

(4)

The Company incurred pre-tax restructuring and other related reorganization costs of $41 million during the year ended December 31, 2020. The costs consist of employee severance and related benefits. In response to the COVID-19 pandemic, during the second quarter of 2020, the Company committed to restructuring actions intended to reinforce its financial position, reduce its cost structure, and improve operational efficiencies, which resulted in headcount reductions, for which we recognized $32 million in restructuring and other related reorganization costs. In addition, we engaged in a smaller scale restructuring action in the first quarter of 2020 to reduce our cost structure and improve our operational efficiencies, which resulted in headcount reductions for which we recognized $9 million in restructuring and other related reorganization costs.

Summary of Restructuring and Other Related Reorganization Costs

The following table summarizes our restructuring and other related reorganization costs for the year ended December 31, 2020:

	Restructuring and other related reorganization costs
	(in millions)
Accrued liability as of December 31, 2019	$	1
Charges		41
Payments		(42	)
Accrued liability as of December 31, 2020	$	—