Quarterly report [Sections 13 or 15(d)]

TRANSFORMATION STRATEGY COSTS (Tables)

v3.25.1
TRANSFORMATION STRATEGY COSTS (Tables)
3 Months Ended
Mar. 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
The table below presents transformation strategy costs for the three months ended March 31, 2025 and 2024 (in millions):
Three Months Ended
 March 31,
2025 2024
Transformation Strategy Costs:
Compensation and benefits $ 24  $ 31 
Total Other expenses
34  15 
Total Transformation Strategy Costs
$ 58  $ 46 
Income Tax Benefit from Transformation Strategy Costs
(14) (11)
After-Tax Transformation Strategy Costs
$ 44  $ 35 
Transformation strategy costs during the periods presented related to our Transformation 2.0, Fit to Serve, and Network Reconfiguration and Efficiency Reimagined programs. Total costs by program are shown in the table below for the three months ended March 31, 2025 and 2024 (in millions):

Three Months Ended
 March 31,
2025 2024
Transformation Strategy Costs:
Transformation 2.0
Business portfolio review $ —  $
Financial systems 16  16 
Transformation 2.0 total 16  21 
Fit to Serve 19  25 
Network Reconfiguration and Efficiency Reimagined
23  — 
Total Transformation Strategy Costs $ 58  $ 46