Restructuring and Related Implementation Charges (Tables)

3 Months Ended

Mar. 31, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

For the three months ended March 31, 2024, charges resulting from the 2022 Global Productivity Initiative were $36 pretax ($30 aftertax). For the three months ended March 31, 2023, charges resulting from the 2022 Global Productivity Initiative were $6 pretax ($5 aftertax).


	Three Months Ended March 31,
	2024		2023

Selling, general and administrative expenses	$	1	$	—
Other (income) expense, net	35		5
Non-service related postretirement costs	—		1
Total 2022 Global Productivity Initiative charges, pretax	$	36	$	6

Total 2022 Global Productivity Initiative charges, aftertax	$	30	$	5

The following table summarizes the activity for the restructuring and related implementation charges discussed above and the related accruals:


	Three Months Ended March 31, 2024
	Employee-Related Costs		Incremental Depreciation		Asset Impairments		Other		Total
Balance at December 31, 2023	$	10	$	—	$	—	$	1	$	11
Charges	34		—		—		2		36
Cash Payments	(5)		—		—		(1)		(6)
Charges against assets	—		—		—		—		—
Foreign exchange	—		—		—		—		—
Balance at March 31, 2024	$	39	$	—	$	—	$	2	$	41

Schedule of Percent of Total Restructuring Charges Related To Segment for the period

Total charges incurred for the 2022 Global Productivity Initiative relate to initiatives undertaken by the following reportable operating segments and Corporate:


	Three Months Ended March 31,				Program-to-date Accumulated Charges
	2024		2023
North America	—	%	7	%	9	%
Latin America	—	%	11	%	11	%
Europe	85	%	15	%	32	%
Asia Pacific	—	%	6	%	9	%
Africa/Eurasia	1	%	13	%	8	%
Hill's Pet Nutrition	14	%	16	%	14	%
Corporate	—	%	32	%	17	%
Total	100	%	100	%	100	%

Since the inception of the 2022 Global Productivity Initiative, the Company has incurred cumulative pretax charges of $178 ($142 aftertax) in connection with the implementation of various projects as follows:


	Cumulative Charges
	as of March 31, 2024
Employee-Related Costs	$	160

Asset Impairments	1
Other	17
Total	$	178