Restructuring and Other Related Charges

6 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

In 2024, we initiated a global restructuring plan to further right size our operations (“Global Rightsizing”). The costs associated with this initiative are primarily related to the operational scaling of processes, locations, and lines of business. We expect further restructuring expense of approximately $15 million related to this initiative to be incurred this year.

In 2022, we initiated a restructuring plan to focus on consolidating our global operations by designing new processes and implementing new systems (“Cost Optimization”). This initiative is complete.

The following tables summarize the changes to our restructuring-related liabilities and identify the amounts recorded within our reportable segments for restructuring charges and corresponding payments and utilizations:


	Personnel Related		Facility Related		Other		Total
Balance as of January 1, 2025	$	10	$	—	$	7	$	17

Restructuring expense:
Global Rightsizing (a)	42		4		27		73




Restructuring payment/utilization:
Global Rightsizing (a)	(20)		(1)		(18)		(39)
Cost Optimization	(1)		—		—		(1)



Balance as of June 30, 2025	$	31	$	3	$	16	$	50

__________

(a)Other includes the disposition of vehicles.


	Americas		International		Total
Balance as of January 1, 2025	$	9	$	8	$	17

Restructuring expense:
Global Rightsizing	9		64		73




Restructuring payment/utilization:
Global Rightsizing	(17)		(22)		(39)
Cost Optimization	(1)		—		(1)



Balance as of June 30, 2025	$	—	$	50	$	50

Other Related Charges

Officer Separation Costs

In February 2025, we announced that Joseph A. Ferraro, President and Chief Executive Officer, will transition to a Board Advisor role effective June 30, 2025. In connection with Mr. Ferraro’s departure, we recorded other related charges of approximately $8 million for the three and six months ended June 30, 2025, and expect further expense of approximately $7 million to be incurred this year.