Quarterly report pursuant to Section 13 or 15(d)

TRANSFORMATION STRATEGY (Notes)

v3.22.1
TRANSFORMATION STRATEGY (Notes)
 3 Months Ended
Mar. 31, 2022
Restructuring and Related Activities [Abstract]  
TRANSFORMATION STRATEGY TRANSFORMATION STRATEGY COSTS
In 2018, we launched a multi-year, enterprise-wide transformation strategy impacting 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 months ended March 31, 2022 and 2021 (in millions):
Three Months Ended
 March 31,
2022 2021
Transformation Strategy Costs:
Compensation and benefits $ 33  $ 76 
Total other expenses 22  42 
Total Transformation Strategy Costs $ 55  $ 118 
Income Tax Benefit from Transformation Strategy Costs (12) (28)
After Tax Transformation Strategy Costs $ 43  $ 90 
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.