Restructuring, Exit and Related Charges

3 Months Ended

Mar. 31, 2026

Restructuring and Related Activities [Abstract]

During the three months ended March 31, 2026, the Company continued evaluating the combined business after completion of the CWT acquisition, undertaking actions to integrate operations, reduce operating costs and focus on long-term growth opportunities, including improving financial performance and cash flow generation and realizing synergies. These actions are expected to result in workforce reductions and the consolidation of certain office facilities. Employees impacted by such actions are eligible to receive termination benefits under ongoing benefit arrangement. The Company

records the related liability as restructuring charges under ASC 712, Nonretirement Postemployment Benefits, when it is considered probable that employees are entitled to benefits and the amounts could be reasonably estimated.

Additionally, from time to time, the Company takes initiatives to reduce costs, exit from non-profitable business components and geographical regions and/or improve operational efficiency for which it records restructuring costs.

The table below sets forth accrued restructuring, exit and related costs included in accrued expenses and other current liabilities for the three months ended March 31, 2026:


(in $ millions)	Employee Related		Facility - Non-Lease Related		Facility - Lease Related		Total
Balance as of December 31, 2025	$	30	$	5	$	—	$	35

Accruals	40		4		6		50
Non-cash items	—		—		(6)		(6)
Cash settled	(9)		(1)		—		(10)
Balance as of March 31, 2026	$	61	$	8	$	—	$	69

During the three months ended March 31, 2026 and 2025, the Company has incurred costs related to employee severance of $40 million and $4 million, respectively, which are included within restructuring charges in the consolidated statement of operations. During the three months ended March 31, 2026, the Company incurred costs to consolidate and rationalize its office facilities to reduce costs and improve efficiency. The facility-lease related charges consist of (i) accelerated amortization of operating lease ROU assets of $5 million, which is included within general and administrative expense and (ii) accelerated amortization of leasehold improvements related to abandoned leases of $1 million, which is included within depreciation and amortization expense, in the consolidated statements of operations. Estimated future costs related to other non-lease components (e.g., common area maintenance charges) and related expenses of $4 million, are accrued as part of restructuring expense and recorded as a liability on the facilities abandonment date.

Global Business Travel Group, Inc. 10-Q