Restructuring Accruals

6 Months Ended

Jun. 30, 2024

Restructuring Accruals

Restructuring Accruals

6. Restructuring Accruals

Selected information related to the restructuring accruals for the three months ended June 30, 2024 and 2023 is as follows:

	Employee		Asset		Other		Total
	Costs		Impairment		Exit Costs		Restructuring
Balance at April 1, 2024	$	19	$	—	$	10	$	29
Net cash paid, principally severance and related benefits		(4)				(1)		(5)
Balance at June 30, 2024	$	15	$	—	$	9	$	24

	Employee		Asset		Other		Total
	Costs		Impairment		Exit Costs		Restructuring
Balance at April 1, 2023	$	14	$	—	$	7	$	21
Net cash paid, principally severance and related benefits		(3)				(1)		(4)
Balance at June 30, 2023	$	11	$	—	$	6	$	17

Selected information related to the restructuring accruals for the six months ended June 30, 2024 and 2023 is as follows:

	Employee		Asset		Other		Total
	Costs		Impairment		Exit Costs		Restructuring
Balance at January 1, 2024	$	27	$	—	$	12	$	39
Net cash paid, principally severance and related benefits		(12)				(3)		(15)
Balance at June 30, 2024	$	15	$	—	$	9	$	24

	Employee		Asset		Other		Total
	Costs		Impairment		Exit Costs		Restructuring
Balance at January 1, 2023	$	17	$	—	$	10	$	27
Net cash paid, principally severance and related benefits		(6)				(4)		(10)
Balance at June 30, 2023	$	11	$	—	$	6	$	17

When a decision is made to take restructuring actions, the Company manages and accounts for them programmatically apart from the ongoing operations of the business. Information related to major programs is presented separately, while minor initiatives are presented on a combined basis. As of June 30, 2024 and 2023, no major restructuring programs were in effect.