Restructuring and Employee Severance

3 Months Ended

Sep. 30, 2022

3. Restructuring and Employee Severance

The following table summarizes restructuring and employee severance costs:


	Three Months Ended September 30,
(in millions)	2022		2021
Employee-related costs	$	19	$	8
Facility exit and other costs	10		10
Total restructuring and employee severance	$	29	$	18

Employee-related costs primarily consist of termination benefits provided to employees who have been involuntarily terminated, duplicate payroll costs and retention bonuses incurred during transition periods. Facility exit and other costs primarily consist of accelerated depreciation, costs associated with vacant facilities, professional, project management and other service fees to support divestitures, vendor transition fees, project consulting fees, and certain other divestiture-related costs.

During the three months ended September 30, 2022 and 2021, restructuring costs primarily related to the implementation of certain enterprise-wide cost-savings measures. During the three months ended September 30, 2021, restructuring also included costs related to the divestiture of the Cordis business.

The following table summarizes activity related to liabilities associated with restructuring and employee severance:


(in millions)	Employee- Related Costs		Facility Exit and Other Costs		Total
Balance at June 30, 2022	$	56	$	10	$	66
Additions	20		3		23
Payments and other adjustments	(11)		(10)		(21)
Balance at September 30, 2022	$	65	$	3	$	68