Annual report pursuant to Section 13 and 15(d)

TRANSFORMATION STRATEGY COSTS (Tables)

v3.22.0.1
TRANSFORMATION STRATEGY COSTS (Tables)
 12 Months Ended
Dec. 31, 2021
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs The table below presents the transformation strategy costs for the years ended December 31, 2021, 2020 and 2019 (in millions):
2021 2020 2019
Compensation and benefits $ 206  $ 211  $ 166 
Total other expenses 174  137  89 
Total Transformation Strategy Costs $ 380  $ 348  $ 255 
Income Tax Benefit from Transformation Strategy Costs (95) (83) (59)
After-Tax Transformation Strategy Costs $ 285  $ 265  $ 196 
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.