RESTRUCTURING (Tables)

3 Months Ended

Mar. 31, 2025

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
Beginning balance at January 1, 2023	$	—	$	—	$	—
Restructuring charges	$	687	$	94	$	781
Payments and utilization	—		(69)		(69)
Foreign exchange	—		—		—
Balance at December 31, 2023	$	687	$	25	$	712
Restructuring charges	$	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
Balance at December 31, 2024	$	42	$	—	$	42
Restructuring charges	$	1	$	—	$	1
Change in estimate(1)	(4)		—		(4)
Net restructuring charges	$	(3)	$	—	$	(3)
Payments and utilization	$	(13)	$	—	$	(13)
Foreign exchange	(6)		—		(6)
Balance at March 31, 2025	$	20	$	—	$	20

(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.