v3.24.2.u1
Restructuring Charge (Tables)
6 Months Ended
Jun. 30, 2024
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 the three and six months ended June 30, 2024, and 2023 which is included in other liabilities on the condensed consolidated statements of financial condition.

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

(in millions)

2024

 

 

2023

 

 

2024

 

 

2023

 

 Beginning liability

$

14

 

 

$

24

 

 

$

47

 

 

$

58

 

 Cash payments

 

(12

)

 

 

(19

)

 

 

(45

)

 

 

(53

)

 Ending liability

$

2

 

 

$

5

 

 

$

2

 

 

$

5