In the fourth quarter of 2024, we initiated a restructuring plan to realign the organization and enable further investment in key priority areas (the "Q4 2024 Restructuring Plan"). We incurred total restructuring and other exit charges of $6 million and $27 million, respectively, under this plan, primarily related to severance and other employee costs, during the years ended December 31, 2025 and 2024. The activities under the Q4 2024 Restructuring Plan were completed by March 31, 2025 with no further costs expected to be incurred.

In the fourth quarter of 2024, we announced the decision to make Equinix Metal no longer commercially available as a product and to wind down operations that support this product by June 2026 (the "Equinix Metal Wind Down"). We incurred total restructuring and other exit charges of $6 million and $4 million, respectively, during the year ended December 31, 2025 and 2024. We expect incremental costs incurred under the Equinix Metal Wind Down to be insignificant and we expect all activities under this initiative to be completed by the end of the fourth quarter of 2026. The actual amounts and timing of incremental costs and cash payments may differ from these estimates should we make further decisions which impact the execution of these activities.

The following table summarizes the activity in accrued restructuring and other exit charges, included in other current liabilities in our consolidated balance sheets, for the years ended December 31, 2025 and 2024 (in millions):


	Q4 2024 Restructuring Plan		Equinix Metal Wind Down		Other		Total
Balance as of December 31, 2023	$	—	$	—	$	—	$	—
Charges (1)	24		4		—		28

Cash payments	(11)		(2)		—		(13)
Balance as of December 31, 2024	13		2		—		15
Charges	6		6		21		33

Cash payments	(19)		(8)		(12)		(39)
Balance as of December 31, 2025	$	—	$	—	$	9	$	9