Annual report pursuant to Section 13 and 15(d)

TRANSFORMATION STRATEGY COSTS (Tables)

v3.24.0.1
TRANSFORMATION STRATEGY COSTS (Tables)
 12 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
The table below presents Transformation strategy costs for the years ended December 31, 2023, 2022 and 2021 (in millions):
2023 2022 2021
Compensation and benefits $ 337  $ 46  $ 206 
Total other expenses 98  132  174 
Total Transformation Strategy Costs $ 435  $ 178  $ 380 
Income Tax Benefit from Transformation Strategy Costs (102) (36) (95)
After-Tax Transformation Strategy Costs $ 333  $ 142  $ 285 
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.