Quarterly report pursuant to Section 13 or 15(d)

TRANSFORMATION STRATEGY

v3.22.2.2
TRANSFORMATION STRATEGY
 9 Months Ended
Sep. 30, 2022
Restructuring and Related Activities [Abstract]  
TRANSFORMATION STRATEGY TRANSFORMATION STRATEGY COSTS
Our strategy includes a multi-year, enterprise-wide transformation of our organization. The program includes investments, as well as changes in processes and technology, that impact global direct and indirect operating costs.
The table below presents transformation strategy costs for the three and nine months ended September 30, 2022 and 2021 (in millions):
Three Months Ended
 September 30,		 Nine Months Ended
 September 30,
2022 2021 2022 2021
Transformation Strategy Costs:
Compensation and benefits $ 15  $ 33  $ 71  $ 164 
Total other expenses 21  41  61  144 
Total Transformation Strategy Costs $ 36  $ 74  $ 132  $ 308 
Income Tax Benefit from Transformation Strategy Costs (9) (20) (31) (76)
After-Tax Transformation Strategy Costs $ 27  $ 54  $ 101  $ 232 
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.