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RESTRUCTURING CHARGES
 9 Months Ended
Sep. 30, 2022
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES RESTRUCTURING CHARGES
The following table presents a summary of the restructuring charges included in Operating Income for the three and nine months ended September 30, 2022 and 2021:
For the three months ended September 30,For the nine months ended September 30,
(in millions)2022202120222021
Severance (including payroll taxes) (1)
$— $— $— $7 
(1)All restructuring charges were recorded on the Company’s E&P segment for all periods presented.
On February 24, 2021, the Company notified employees of a workforce reduction plan as part of an ongoing strategic effort to reposition its portfolio, optimize operational performance and improve margins. Affected employees were offered a severance package, which included a one-time payment depending on length of service and, if applicable, the current value of unvested long-term incentive awards that were forfeited. These costs were recognized as restructuring charges for the three and nine months ended September 30, 2021.
The Company had no material restructuring activities during the three and nine months ended September 30, 2022, and no material liabilities associated with restructuring at September 30, 2022 and December 31, 2021.