In 2024, we initiated a global restructuring plan to 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 $9 million related to this initiative to be incurred this year.

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, 2026	$	19	$	3	$	29	$	51

Restructuring expense:
Global Rightsizing (a)	26		2		17		45




Restructuring payment/utilization:
Global Rightsizing (a)	(31)		(2)		(44)		(77)




Balance as of June 30, 2026	$	14	$	3	$	2	$	19


	Americas		International		Total
Balance as of January 1, 2026	$	—	$	51	$	51

Restructuring expense:
Global Rightsizing	13		32		45




Restructuring payment/utilization:
Global Rightsizing	(12)		(65)		(77)




Balance as of June 30, 2026	$	1	$	18	$	19

In February 2025, we announced that Joseph A. Ferraro, President and Chief Executive Officer, would transition to a Board Advisor role effective June 30, 2025. In connection with Mr. Ferraro’s departure, for the three months ended June 30, 2026 and 2025 we recorded other related charges of $1 million and $8 million, respectively. For the six months ended June 30, 2026 and 2025, we recorded other related charges of $1 million and $8 million, respectively. We do not expect further expenses to be incurred this year.

During the first quarter of 2026, our Americas segment offered a voluntary termination program to certain employees in field operations and general and administrative functions for a limited time. These employees, if qualified, elected resignation from employment in return for enhanced severance benefits to be settled in cash. In connection with the LVOP, we recorded minimal other related charges for the three months ended June 30, 2026 and $7 million for the six months ended June 30, 2026. As of June 30, 2026, approximately 200 employees elected to participate in the plan and have been terminated.