v3.26.1
Restructuring Programs (Tables)
 12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Cost
Restructuring and related costs, net reflect the following components for the three years ended December 31, 2025, 2024 and 2023:
Year Ended December 31,
202520242023
Restructuring charges, net$82 $62 $114 
Asset impairment charges, net(1)
(15)25 32 
Related costs, net(1)25 21 
Total Restructuring and related costs, net$66 $112 $167 
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(1)Impairments are net of cash receipts.
 Year Ended December 31,
 202520242023
Lease right of use assets(1)
$4 $— $— 
Owned assets(2)
23 27 36 
Asset impairments27 27 36 
Adjustments/Reversals(3)
9 (2)(4)
Less: Proceeds from the sales of owned assets(4)
(51)— — 
Net asset impairment (credit) charge$(15)$25 $32 
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(1)Primarily related to the exit and abandonment of leased facilities, net of recoveries and any potential sublease income.
(2)Primarily related to the exit and abandonment of owned facilities.
(3)Reflects adjustment and reversals of impairments taken in prior periods.
(4)Reflects proceeds on the sales of exited surplus facilities and land.
In connection with our restructuring programs, we also incurred certain related costs as follows:
Year Ended December 31,
202520242023
Retention-related severance/bonuses(1)
$— $(2)$(2)
Contractual severance costs(1)(1)— 
Consulting and other costs(2)
— 28 23 
Total$(1)$25 $21 
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(1)Includes retention related severance and bonuses for employees expected to continue working beyond their minimum retention period before termination.
(2)Represents professional support services associated with our business transformation initiatives.
Schedule of Restructuring Program Activity A summary of our restructuring program activity for the three years ended December 31, 2025, 2024 and 2023 is as follows:
Severance Cost Prior ActionsSeverance Costs ReinventionSeverance Costs Integration
Other Contractual
Termination Costs(2)
Total
Balance at December 31, 2022$39 $— $— $4 $43 
Restructuring provision21 104 — — 125 
Reversals of prior charges(11)— — — (11)
Net Current Period Charges(1)
10 104 — — 114 
Charges against reserve and currency(24)— — (4)(28)
Balance at December 31, 2023$25 $104 $— $— $129 
Restructuring provision2 66 — 4 72 
Reversals of prior charges(6)(3)— (1)(10)
Net Current Period Charges(1)
(4)63 — 3 62 
Charges against reserve and currency(16)(63)— (3)(82)
Balance at December 31, 2024$5 $104 $— $— $109 
Restructuring provision— 27 92 5 124 
Reversals of prior charges(3)(36)(3)— (42)
Net Current Period Charges(1)
(3)(9)89 5 82 
Charges against reserve and currency(1)(52)(12)— (65)
Balance at December 31, 2025$1 $43 $77 $5 $126 
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(1)Represents net amount recognized within the Consolidated Statements of (Loss) Income for the years shown for restructuring charges. Reversals of prior charges primarily include net changes in estimated reserves from prior period initiatives accrued for in prior periods, including Reinvention and Integration.
(2)Primarily includes additional costs incurred upon the exit from our facilities including decommissioning costs and associated contractual termination costs. We expect that the majority of these costs reserved for in 2025 will be paid upon the exercise of an early termination clause in 2027.
Schedule of Reconciliation to the Consolidated Statements of Cash Flows
The following table summarizes the reconciliation to the Consolidated Statements of Cash Flows:
 Year Ended December 31,
 202520242023
Restructuring cash payments$(69)$(78)$(27)
Effects of foreign currency and other non-cash items4 (4)(1)
Charges against reserve and currency$(65)$(82)$(28)