v3.26.1
Severance
3 Months Ended
Mar. 31, 2026
Restructuring and Related Activities [Abstract]  
Severance
Note 6—Severance

Periodically, we reduce our workforce and accrue liabilities for the related severance costs. These workforce reductions result primarily from the progression or completion of our post-acquisition integration plans, increased competitive pressures, cost reduction initiatives, process improvements through automation, and reduced workloads due to reduced demand for certain services.

Changes in our accrued liabilities for severance expenses were as follows:

Severance

(Dollars in millions)
Balance as of December 31, 2025$34 
Accrued to expense29 
Payments, net(18)
Balance as of March 31, 2026$45