Annual report pursuant to Section 13 and 15(d)

TRANSFORMATION STRATEGY COSTS (Tables)

v3.19.3.a.u2
TRANSFORMATION STRATEGY COSTS (Tables)
 12 Months Ended
Dec. 31, 2019
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
The table below presents the transformation strategy costs for the years ended December 31, 2019 and 2018 (in millions):
 
 
Year Ended December 31,
Transformation Strategy Costs
 
2019
 
2018
Compensation and benefits
 
$
166

 
$
262

Total other expenses
 
89

 
98

Total Transformation Strategy Costs
 
$
255

 
$
360

 
 
 
 
 
Income Tax Benefit from Transformation Strategy Costs
 
(59
)
 
(87
)
After Tax Transformation Strategy Costs
 
$
196

 
$
273

The income tax effects of transformation strategy costs are calculated by multiplying the amount of the adjustments by the statutory tax rates applicable in each tax jurisdiction.