Restructuring and Integration (Tables)
 12 Months Ended
Dec. 31, 2021
Restructuring and Related Activities [Abstract]  
Summary of Restructuring Costs

The following table summarizes restructuring costs by type that have been incurred through December 31, 2021 and are estimated to be incurred through the end of the Plan. Estimated costs by type may be revised in future periods as these assumptions are updated:

 

 

 

Successor

 

 

 

Predecessor

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

 

Six Months Ended

 

 

 

 

 

 

Estimated

 

 

Estimated

 

 

 

December 31,

 

 

 

June 30,

 

 

Inception to

 

 

Remaining

 

 

Total

 

 

 

2021

 

 

 

2021

 

 

Date

 

 

Costs

 

 

Cost(1)

 

Employer Solutions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and Related Benefits

 

$

 

1

 

 

 

$

 

6

 

 

$

 

46

 

 

$

 

13

 

 

$

 

59

 

Other Restructuring Costs(2)

 

 

 

3

 

 

 

 

 

2

 

 

 

 

45

 

 

 

 

17

 

 

 

 

62

 

Total Employer Solutions

 

$

 

4

 

 

 

$

 

8

 

 

$

 

91

 

 

$

 

30

 

 

$

 

121

 

Professional Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and Related Benefits

 

$

 

—

 

 

 

$

 

1

 

 

$

 

8

 

 

$

 

2

 

 

$

 

10

 

Other Restructuring Costs(2)

 

 

 

1

 

 

 

 

 

—

 

 

 

 

6

 

 

 

 

3

 

 

 

 

9

 

Total Professional Services

 

$

 

1

 

 

 

$

 

1

 

 

$

 

14

 

 

$

 

5

 

 

$

 

19

 

Total Restructuring Costs

 

$

 

5

 

 

 

$

 

9

 

 

$

 

105

 

 

$

 

35

 

 

$

 

140

 

 

(1)
Actual costs, when incurred, may vary due to changes in the assumptions built into the Plan. Significant assumptions that may change when plans are finalized and implemented include, but are not limited to, changes in severance calculations, changes in the assumptions underlying sublease loss calculations due to changing market conditions, and changes in the overall analysis that might cause the Company to add or cancel component initiatives.
(2)
Other costs associated with the Plan primarily include consulting and legal fees and lease consolidation.
Schedule of Accrued Restructuring Liability

As of December 31, 2021, approximately $4 million of the restructuring liability is unpaid and is recorded in Accounts payable and accrued liabilities on the Consolidated Balance Sheets.

 

 

 

Predecessor

 

 

 

Severance and Related Benefits

 

 

Other Restructuring Costs

 

 

Total

 

Accrued restructuring liability as of December 31, 2020

 

$

 

12

 

 

$

 

3

 

 

$

 

15

 

Restructuring charges

 

 

 

7

 

 

 

 

2

 

 

 

 

9

 

Cash payments

 

 

 

(13

)

 

 

 

(5

)

 

 

 

(18

)

Accrued restructuring liability as of June 30, 2021

 

$

 

6

 

 

$

 

—

 

 

$

 

6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Successor

 

 

 

Severance and Related Benefits

 

 

Other Restructuring Costs

 

 

Total

 

Accrued restructuring liability as of July 1, 2021

 

$

 

6

 

 

$

 

—

 

 

$

 

6

 

Restructuring charges

 

 

 

1

 

 

 

 

4

 

 

 

 

5

 

Cash payments

 

 

 

(3

)

 

 

 

(4

)

 

 

 

(7

)

Accrued restructuring liability as of December 31, 2021

 

$

 

4

 

 

$

 

—

 

 

$

 

4