RESTRUCTURING (Tables)

9 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule of restructuring reserve

The following table is a rollforward of the liability related to the restructuring charges:

In millions of dollars	Personnel costs		Other		Total
Balance at December 31, 2022	$	—	$	—	$	—
4Q23 restructuring charges	687		94		781
4Q23 payments and utilization	—		(69)		(69)
Foreign exchange	—		—		—
Balance at December 31, 2023	$	687	$	25	$	712
Restructuring charges	$	237	$	54	$	291
Change in estimate(1)	(66)		—		(66)
Net restructuring charges	$	171	$	54	$	225
Payments and utilization	$	(127)	$	(46)	$	(173)
Foreign exchange	—		—		—
Balance at March 31, 2024	$	731	$	33	$	764
Restructuring charges	$	81	$	—	$	81
Change in estimate(1)(2)	(42)		(3)		(45)
Net restructuring charges	$	39	$	(3)	$	36
Payments and utilization	$	(497)	$	(30)	$	(527)
Foreign exchange	(1)		—		(1)
Balance at June 30, 2024	$	272	$	—	$	272
Restructuring charges	$	34	$	—	$	34
Change in estimate(1)	(25)		—		(25)
Net restructuring charges	$	9	$	—	$	9
Payments and utilization	$	(169)	$	—	$	(169)
Foreign exchange	(10)		—		(10)
Balance at September 30, 2024	$	102	$	—	$	102

(1)    Revisions primarily relate to higher-than-anticipated redeployments of displaced employees to other positions within the Company, job function releveling and employee attrition.

(2)    Revisions primarily relate to lower-than-anticipated costs associated with contract terminations.