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Company Restructuring
6 Months Ended
Jun. 30, 2023
Restructuring and Related Activities [Abstract]  
Company Restructuring
Note 13Company Restructuring
The Company undertakes various programs to reduce expenses. These programs generally involve a reduction in staffing levels, and in certain cases, office closures. Restructuring and related charges primarily include the following costs related to these programs:
Employee - severance and relocation benefits
Exit - contract termination penalties and real estate costs primarily related to accelerated amortization of right-of-use assets and related leasehold improvements at facilities to be vacated
The expenses related to these activities are included in the Condensed Consolidated Statements of Operations as restructuring and related charges and
totaled $27 million and $1 million during the three months ended June 30, 2023 and 2022, respectively, and $54 million and $13 million during the six months ended June 30, 2023 and 2022, respectively.
Restructuring expenses during the second quarter and first six months of 2023 are primarily due to real estate costs related to facilities being vacated and employee costs related to global workforce enablement, including outsourcing various elements of operations. The Company continues to identify ways to improve operating efficiency and reduce cost which may result in additional restructuring charges in the future.
Restructuring activity during the period
($ in millions)
Employee
costs
Exit
costs
Total
liability
Restructuring liability as of December 31, 2022$27 $$34 
Expense incurred
15 45 60 
Adjustments to liability— (6)(6)
Payments and non-cash charges(25)(45)(70)
Restructuring liability as of June 30, 2023$17 $1 $18 
As of June 30, 2023, the cumulative amount incurred to date for active programs related to employee severance, relocation benefits and exit expenses totaled $28 million for employee costs and $174 million for exit costs.