Quarterly report [Sections 13 or 15(d)]

TRANSFORMATION STRATEGY COSTS (Tables)

v3.26.3
TRANSFORMATION STRATEGY COSTS (Tables)
 9 Months Ended
Sep. 30, 2026
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
The table below presents transformation strategy costs for the three and nine months ended September 30, 2026 and 2025 (in millions):
Three Months Ended
 September 30,		 Nine Months Ended
 September 30,
2026 2025 2026 2025
Transformation Strategy Costs:
Compensation and benefits $ 113  $ 284  $ 1,261  $ 358 
Total other expenses 58  44  137  102 
Total Transformation Strategy Costs
 $ 171  $ 328  $ 1,398  $ 460 
Income Tax Benefit from Transformation Strategy Costs (1)
(41) (78) (335) (109)
After-Tax Transformation Strategy Costs
 $ 130  $ 250  $ 1,063  $ 351 
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 nine months ended September 30, 2026 and 2025 (in millions):
Three Months Ended
 September 30,		 Nine Months Ended
 September 30,
2026 2025 2026 2025
Transformation Strategy Costs:
Transformation 2.0 $ —  $ 13  $ —  $ 26 
Fit to Serve —  19  —  47 
Network Reconfiguration and Efficiency Reimagined
171  296  1,398  387 
Total Transformation Strategy Costs $ 171  $ 328  $ 1,398  $ 460