v3.24.2
Restructuring Costs (Tables)
 6 Months Ended
Jun. 30, 2024
Restructuring and Related Activities [Abstract]  
Summary of Total Restructuring Costs An analysis of total restructuring costs incurred under the Transformation program by category and by segment and corporate functions, from commencement to June 30, 2024, is as follows:

 

 

 

HWC

 

 

R&B

 

 

Corporate

 

 

Total

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

Real estate rationalization

 

$

—

 

 

$

—

 

 

$

19

 

 

$

19

 

Technology modernization

 

 

—

 

 

 

5

 

 

 

—

 

 

 

5

 

Process optimization

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Other

 

 

—

 

 

 

—

 

 

 

2

 

 

 

2

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

Real estate rationalization

 

 

—

 

 

 

—

 

 

 

79

 

 

 

79

 

Technology modernization

 

 

—

 

 

 

3

 

 

 

16

 

 

 

19

 

Process optimization

 

 

1

 

 

 

—

 

 

 

—

 

 

 

1

 

Other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

Real estate rationalization

 

 

—

 

 

 

—

 

 

 

46

 

 

 

46

 

Technology modernization

 

 

2

 

 

 

5

 

 

 

15

 

 

 

22

 

Process optimization

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

2024

 

 

 

 

 

 

 

 

 

 

 

 

Real estate rationalization

 

 

—

 

 

 

—

 

 

 

21

 

 

 

21

 

Technology modernization

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Process optimization

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Other

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

Real estate rationalization

 

 

—

 

 

 

—

 

 

 

165

 

 

 

165

 

Technology modernization

 

 

2

 

 

 

13

 

 

 

31

 

 

 

46

 

Process optimization

 

 

1

 

 

 

—

 

 

 

—

 

 

 

1

 

Other

 

 

—

 

 

 

—

 

 

 

2

 

 

 

2

 

Total

 

$

3

 

 

$

13

 

 

$

198

 

 

$

214

 
Rollforward of Liability Associated with Cash-based Charges

A rollforward of the liability associated with cash-based charges related to restructuring costs associated with the Transformation program is as follows:

 

 

 

Real estate rationalization

 

 

Technology modernization

 

 

Process optimization

 

 

Other

 

 

Total

 

Balance at October 1, 2021

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Charges incurred

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2

 

 

 

2

 

Cash payments

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(1

)

 

 

(1

)

Balance at December 31, 2021

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1

 

 

 

1

 

Charges incurred

 

 

27

 

 

 

—

 

 

 

1

 

 

 

—

 

 

 

28

 

Cash payments

 

 

(21

)

 

 

—

 

 

 

(1

)

 

 

(1

)

 

 

(23

)

Balance at December 31, 2022

 

 

6

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

6

 

Charges incurred

 

 

22

 

 

 

8

 

 

 

—

 

 

 

—

 

 

 

30

 

Cash payments

 

 

(25

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(25

)

Balance at December 31, 2023

 

 

3

 

 

 

8

 

 

 

—

 

 

 

—

 

 

 

11

 

Charges incurred

 

 

9

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

9

 

Cash payments

 

 

(12

)

 

 

(4

)

 

 

—

 

 

 

—

 

 

 

(16

)

Balance at June 30, 2024

 

$

—

 

 

$

4

 

 

$

—

 

 

$

—

 

 

$

4