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IMPAIRMENT OF BUSINESS
3 Months Ended
Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]  
IMPAIRMENT OF BUSINESS IMPAIRMENT OF BUSINESS
During the first quarter of 2022, as a result of the significant changes in the business climate impacting our Russian operations, a determination was made that the current carrying value of our Russian operations exceeded the estimated fair value. The fair value of the Russian operations was estimated based on a probability-weighted average approach of the potential cash flows from various paths the Company is currently evaluating to exit the business. As a result, a pre-tax charge of $68 million ($57 million, net of tax) was recorded for the impairment and allocated to the Russian fixed assets. The charge is included in
“Impairment of business” and is included in the results for the Europe segment.