v3.24.3
Restructuring Charges
9 Months Ended
Sep. 30, 2024
Restructuring and Related Activities [Abstract]  
Restructuring Charges Restructuring Charges
We engage in restructuring actions as part of our ongoing efforts to best use our resources and infrastructure. These actions generally include severance and facility-related costs, including impairment of operating lease assets, and are intended to improve our efficiency and profitability going forward.
The following is a rollforward of the Company’s restructuring liability, which is included in Accrued expenses in the Condensed Consolidated Balance Sheets:
Nine Months Ended September 30, 2024
(In millions)Reserve Balance
as of
December 31, 2023
AcquisitionCharges IncurredPaymentsReserve Balance
as of
September 30, 2024
Severance$4 $1 $10 $(11)$4 
Facilities2 — 4 (4)2 
Contract termination— — 1 — 1 
Total $6 $1 $15 $(15)$7 
We expect the majority of the cash outlays related to the remaining restructuring liability at September 30, 2024 to be complete within twelve months.