Quarterly report [Sections 13 or 15(d)]

TRANSFORMATION STRATEGY COSTS (Tables)

v3.26.1
TRANSFORMATION STRATEGY COSTS (Tables)
 6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
The table below presents transformation strategy costs for the three and six months ended June 30, 2026 and 2025 (in millions):
Three Months Ended
 June 30,		 Six Months Ended
 June 30,
2026 2025 2026 2025
Transformation Strategy Costs:
Compensation and benefits $ 1,117  $ 50  $ 1,148  $ 74 
Total Other expenses
 55  24  79  58 
Total Transformation Strategy Costs
 $ 1,172  $ 74  $ 1,227  $ 132 
Income Tax Benefit from Transformation Strategy Costs (1)
(281) (17) (294) (31)
After-Tax Transformation Strategy Costs
 $ 891  $ 57  $ 933  $ 101 
Transformation strategy costs during the periods presented related to our Transformation 2.0, Fit to Serve, and Network Reconfiguration and Efficiency Reimagined initiatives. Total costs by initiative are shown in the table below for the three and six months ended June 30, 2026 and 2025 (in millions):
Three Months Ended
 June 30,		 Six Months Ended
 June 30,
2026 2025 2026 2025
Transformation Strategy Costs:
Transformation 2.0 $ —  $ (3) $ —  $ 13 
Fit to Serve —  9  —  28 
Network Reconfiguration and Efficiency Reimagined
1,172  68  1,227  91 
Total Transformation Strategy Costs $ 1,172  $ 74  $ 1,227  $ 132