RESTRUCTURING AND OTHER CHARGES |
12 Months Ended |
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Dec. 31, 2021 | |
Restructuring and Related Activities [Abstract] | |
Restructuring and Related Activities Disclosure |
NOTE 21. RESTRUCTURING ACTIONS
We executed restructuring actions in the form of voluntary and involuntary employee separation programs in the fourth quarter of 2019. These actions were in response to the continued deterioration in our global markets in the second half of 2019, as well as expected reductions in orders in most U.S. and international markets in 2020. We reduced our worldwide workforce by approximately 2,300 employees. We incurred a charge of $119 million ($90 million after-tax) in the fourth quarter of 2019 for these actions. The voluntary actions were completed by December 31, 2019 and the involuntary actions were completed by June 28, 2020.
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- References No definition available.
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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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