v3.22.4
BUSINESS OPTIMIZATION CHARGES (Tables)
12 Months Ended
Dec. 31, 2022
Restructuring and Related Activities [Abstract]  
Business Optimization Charges
We recorded the following charges related to business optimization programs in 2022, 2021, and 2020:
years ended December 31 (in millions)202220212020
Restructuring charges$163 $91 $111 
Costs to implement business optimization programs62 23 23 
Total business optimization charges$225 $114 $134 
Components of Restructuring Costs During the years ended December 31, 2022, 2021 and 2020, we recorded the following restructuring charges:
2022
(in millions)COGSSG&AR&DTotal
Employee termination costs$24 $102 $$129 
Contract termination and other costs— 22 — 22 
Asset impairments10 — 12 
Total restructuring charges$26 $134 $$163 
2021
(in millions)COGSSG&AR&DTotal
Employee termination costs$37 $35 $$73 
Contract termination and other costs— — 
Asset impairments16 — — 16 
Total restructuring charges$53 $37 $$91 
2020
(in millions)COGSSG&AR&DTotal
Employee termination costs$36 $54 $$92 
Contract termination and other costs— 
Asset impairments— 11 
Total restructuring charges$48 $61 $$111 
Summary of Activity in Reserves related to Business Optimization Initiatives The following table summarizes activity in the liability related to our restructuring initiatives.
(in millions)
Liability balance as of December 31, 2019$92 
Charges116 
Payments (86)
Reserve adjustments(16)
Currency translation
Liability balance as of December 31, 2020113 
Assumed in acquisition
Charges94 
Payments(78)
Reserve adjustments(19)
Currency translation(7)
Liability balance as of December 31, 2021109 
Charges172 
Payments(145)
Reserve adjustments(21)
Currency translation(8)
Liability balance as of December 31, 2022$107