v3.24.0.1
Restructuring Charge (Tables)
12 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Rollforward of Restructuring Liability Included in Other Liabilities

The table below presents a rollforward of the Company’s restructuring liability for 2023 and 2022, which is included in other liabilities on the consolidated statements of financial condition:

(in millions)

 

 

 

 Liability as of December 31, 2021

 

$

 

Additions

 

 

91

 

Accelerated vesting expense of deferred compensation awards

 

 

(33

)

 Liability as of December 31, 2022

 

 

58

 

Cash payments

 

 

(58

)

Additions

 

 

61

 

Accelerated vesting expense of deferred compensation awards

 

 

(14

)

 Liability as of December 31, 2023

 

$

47