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Restructuring Charges
3 Months Ended
Mar. 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring Charges
4 – Restructuring Charges

Restructuring charges were $29 million and $3 million in the three months ended March 31, 2025 and March 31, 2024, respectively, and presented as “Restructuring Charges” on the accompanying Condensed Consolidated Statements of Operations. These charges were related to optimization and efficiency initiatives throughout the organization and primarily relates to severance expenses.
Restructuring liabilities were $47 million as of March 31, 2025 and $35 million as of December 31, 2024. Of the restructuring liabilities $42 million and $31 million are recorded in “Other Current Liabilities” on the accompanying Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024, respectively. The remaining $5 million and $4 million are recorded in “Other Non-Current Liabilities” on the accompanying Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024, respectively. Changes in the liability are primarily driven by restructuring charges and cash payments.

The following table presents total restructuring charges by segment and All Other in the three months ended March 31, 2025 and 2024:

Three Months Ended March 31,
(Dollars in millions)20252024
DRE$$— 
WCC
PRI
All Other
Total Restructuring Charges$29 $