Restructuring Charge |
12 Months Ended | ||||||||||||||||||||
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Dec. 31, 2020 | |||||||||||||||||||||
| Restructuring And Related Activities [Abstract] | |||||||||||||||||||||
| Restructuring Charge |
24. Restructuring Charge
A restructuring charge of $60 million ($47 million after-tax), comprised of $53 million of severance and $7 million of expense related to the accelerated amortization of previously granted equity compensation awards, was recorded in the fourth quarter of 2018 in connection with an initiative to modify the size and shape of the workforce.
The table below presents a rollforward of the Company’s restructuring liability for the year ended December 31, 2019, which is included in other liabilities on the consolidated statements of financial condition:
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