ACCRUED LIABILITIES

6 Months Ended

Jun. 30, 2024

Payables and Accruals [Abstract]

ACCRUED LIABILITIES

ACCRUED LIABILITIES

The following table summarizes the components of “Accrued liabilities” on the Condensed Consolidated Balance Sheets (in millions):

	December 31, 2023		June 30, 2024
Payroll and related costs	$	328	$	217
Capital expenditures	263		248
Inventory	241		148
Other products and services	169		102
Other	144		180
Total accrued liabilities	$	1,145	$	895

During the six months ended June 30, 2023 and 2024, we carried out certain restructuring actions in order to reduce costs and improve efficiency. As a result, we recognized $38 million and $40 million of costs related to employee termination expenses during the six months ended June 30, 2023 and 2024, respectively, and the remaining liability was not material as of June 30, 2024.