Restructuring and Employee Severance

9 Months Ended

Mar. 31, 2023

3. Restructuring and Employee Severance

The following table summarizes restructuring and employee severance:


	Three Months Ended March 31,
(in millions)	2023		2022
Employee-related	$	3	$	12
Facility exit and other	13		19
Total restructuring and employee severance	$	16	$	31


	Nine Months Ended March 31,
(in millions)	2023		2022
Employee-related	$	32	$	22
Facility exit and other	30		34
Total restructuring and employee severance	$	62	$	56

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 project consulting fees, accelerated depreciation, professional, project management and other service fees to support divestitures, costs associated with vacant facilities, and certain other divestiture-related costs.

Restructuring and employee severance costs during the three and nine months ended March 31, 2023 and March 31, 2022 were primarily related to the implementation of certain enterprise-wide cost-savings measures and the divestiture of the Cordis business. During the three and nine months ended March 31, 2022, restructuring also included costs related to decreasing our overall office space.

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	29		8		37
Payments and other adjustments	(36)		(15)		(51)
Balance at March 31, 2023	$	49	$	3	$	52