RESTRUCTURING (Tables)

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Schedule of restructuring reserve by type of cost

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

In millions of dollars	Personnel costs		Other		Total
Beginning balance at January 1, 2023	$	—	$	—	$	—
Restructuring charge	687		94		781
Payments and utilization	—		(69)		(69)
Foreign exchange	—		—		—
Ending balance at December 31, 2023	$	687	$	25	$	712
Restructuring charge	354		54		408
Change in estimate(1)(2)	(146)		(3)		(149)
Net restructuring charges	$	208	$	51	$	259
Payments and utilization	$	(860)	$	(76)	$	(936)
Foreign exchange	7		—		7
Ending balance at December 31, 2024	$	42	$	—	$	42

(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.