Restructuring Charges and Other Costs Associated with Acquisitions and Cost-Reduction/Productivity Initiatives (Tables)

6 Months Ended

Jun. 30, 2022

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

The components of costs incurred in connection with restructuring initiatives, acquisitions and cost-reduction/productivity initiatives are as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(MILLIONS OF DOLLARS)	2022		2021		2022		2021
Restructuring charges and certain acquisition-related costs:
Integration costs(a)	$	1	$	2	$	3	$	5
Restructuring charges(b):
Employee termination costs	—		6		—		10
Asset impairment charges	—		13		—		13
Exit costs	—		—		—		2
Total Restructuring charges and certain acquisition-related costs	$	1	$	21	$	3	$	30

(a)    Integration costs represent external, incremental costs directly related to integrating acquired businesses and primarily include expenditures for consulting and the integration of systems and processes, as well as product transfer costs.

(b)    The restructuring charges for the three and six months ended June 30, 2021 primarily represents asset impairment charges related to the consolidation of manufacturing sites in China and employee termination and exit costs associated with cost-reduction and productivity initiatives.

(MILLIONS OF DOLLARS)	Accrual(a)
Balance, December 31, 2021(a)	$	25
Utilization and other(b)	(8)
Balance, June 30, 2022(a)	$	17

(a)     At June 30, 2022 and December 31, 2021, included in Accrued expenses ($6 million and $14 million, respectively) and Other noncurrent liabilities ($11 million).

(b)     Includes adjustments for foreign currency translation.