In 2026, we continued to implement a program that began in the fourth quarter of 2025, designed to largely offset normal inflationary pressures over the next two to three years, with the goal of keeping technology costs and selling, general and administrative costs relatively comparable to 2025. Since we began this program in the fourth quarter of 2025, we have incurred $64 million in costs primarily associated with our workforce. These restructuring costs are comprised of $60 million that has been or will be paid in cash for severance and related benefits costs and $4 million that has been paid related to other restructuring costs.

The following table summarizes the accrued liability for severance and related benefits costs as recorded within accrued compensation and related benefits within our consolidated balance sheets, related to this inflation offset program (in thousands):


	Nine Months Ended September 30, 2026
Balance as of December 31, 2025	$	47,769
Charges	13,654
Cash Payments	(46,197)
Non-Cash Adjustments	(961)
Balance as of September 30, 2026	$	14,265

This program will be implemented through 2027 and may result in additional restructuring charges as we continue to evaluate third-party costs including our geographic and real estate footprints. Total costs associated with this program are expected to be approximately $65 million, with the significant majority of disbursements occurring in 2026.