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Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS (Tables)

v3.5.0.2
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS (Tables)
6 Months Ended
Jun. 30, 2016
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS Ìý
Accrued restructuring costs by type of cost and initiative

Ìý

ÌýÌýÌýÌýÌýÌýÌýÌýAs of JuneÌý30, 2016 and DecemberÌý31, 2015, accrued restructuring costs by type of cost and initiative consisted of the following (dollars in millions):

ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý

Ìý

Ìý

Workforce
reductions(1)

Ìý

Demolition and
decommissioning

Ìý

Non-cancelable
lease and contract
termination costs

Ìý

Other
restructuring
costs

Ìý

Total(2)

Ìý

Accrued liabilities as of JanuaryÌý1, 2016

Ìý

$

109

Ìý

$

16

Ìý

$

38

Ìý

$

5

Ìý

$

168

Ìý

2016 charges for 2015 and prior initiatives

Ìý

Ìý

4

Ìý

Ìý

1

Ìý

Ìý

1

Ìý

Ìý

22

Ìý

Ìý

28

Ìý

2016 charges for 2016 initiatives

Ìý

Ìý

4

Ìý

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

2

Ìý

Ìý

6

Ìý

Reversal of reserves no longer required

Ìý

Ìý

(1

)

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

(1

)

Distribution of prefunded restructuring costs

Ìý

Ìý

(39

)

Ìý

(2

)

Ìý

�

Ìý

Ìý

(1

)

Ìý

(42

)

2016 payments for 2015 and prior initiatives

Ìý

Ìý

(27

)

Ìý

(3

)

Ìý

(2

)

Ìý

(22

)

Ìý

(54

)

2016 payments for 2016 initiatives

Ìý

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

(2

)

Ìý

(2

)

Foreign currency effect on liability balance

Ìý

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

1

Ìý

Ìý

�

Ìý

Ìý

1

Ìý

�

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

Accrued liabilities as of JuneÌý30, 2016

Ìý

$

50

Ìý

$

12

Ìý

$

38

Ìý

$

4

Ìý

$

104

Ìý

�

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

�

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�


Ìý

Ìý

Ìý

(1)ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý

The workforce reduction reserves relate to the termination of 545 positions, of which 485 positions had not been terminated as of JuneÌý30, 2016.

(2)ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý

Accrued liabilities by initiatives were as follows (dollars in millions):

ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý

Ìý

Ìý

JuneÌý30,
2016

Ìý

DecemberÌý31,
2015

Ìý

2014 and prior initiatives

Ìý

Ìý

86Ìý

Ìý

Ìý

143Ìý

Ìý

2015 initiatives

Ìý

Ìý

14Ìý

Ìý

Ìý

25Ìý

Ìý

2016 initiatives

Ìý

Ìý

4Ìý

Ìý

Ìý

�

Ìý

�

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

Total

Ìý

$

104Ìý

Ìý

$

168Ìý

Ìý

�

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

�

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

Ìý

Accrued liabilities by initiative

Ìý

Accrued liabilities by initiatives were as follows (dollars in millions):

ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý

Ìý

Ìý

JuneÌý30,
2016

Ìý

DecemberÌý31,
2015

Ìý

2014 and prior initiatives

Ìý

Ìý

86Ìý

Ìý

Ìý

143Ìý

Ìý

2015 initiatives

Ìý

Ìý

14Ìý

Ìý

Ìý

25Ìý

Ìý

2016 initiatives

Ìý

Ìý

4Ìý

Ìý

Ìý

�

Ìý

�

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

Total

Ìý

$

104Ìý

Ìý

$

168Ìý

Ìý

�

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

�

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

Ìý

Ìý

Ìý

Details with respect to reserves for restructuring, impairment and plant closing costs, provided by segment and initiative

ÌýÌýÌýÌýÌýÌýÌýÌýDetails with respect to our reserves for restructuring, impairment and plant closing costs are provided below by segment and initiative (dollars in millions):

ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý

Ìý

Ìý

Polyurethanes

Ìý

Performance
Products

Ìý

Advanced
Materials

Ìý

Textile
Effects

Ìý

Pigments

Ìý

Discontinued
Operations

Ìý

Corporate
and Other

Ìý

Total

Ìý

Accrued liabilities as of JanuaryÌý1, 2016

Ìý

$

5

Ìý

$

9

Ìý

$

4

Ìý

$

55

Ìý

$

90

Ìý

$

1

Ìý

$

4

Ìý

$

168

Ìý

2016 charges for 2015 and prior initiatives

Ìý

Ìý

�

Ìý

Ìý

10

Ìý

Ìý

�

Ìý

Ìý

4

Ìý

Ìý

12

Ìý

Ìý

�

Ìý

Ìý

2

Ìý

Ìý

28

Ìý

2016 charges for 2016 initiatives

Ìý

Ìý

2

Ìý

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

1

Ìý

Ìý

3

Ìý

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

6

Ìý

Reversal of reserves no longer required

Ìý

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

(1

)

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

(1

)

Distribution of prefunded restructuring costs

Ìý

Ìý

�

Ìý

Ìý

(4

)

Ìý

�

Ìý

Ìý

(2

)

Ìý

(36

)

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

(42

)

2016 payments for 2015 and prior initiatives

Ìý

Ìý

(1

)

Ìý

(12

)

Ìý

�

Ìý

Ìý

(6

)

Ìý

(33

)

Ìý

�

Ìý

Ìý

(2

)

Ìý

(54

)

2016 payments for 2016 initiatives

Ìý

Ìý

(2

)

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

(2

)

Foreign currency effect on liability balance

Ìý

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

1

Ìý

Ìý

1

Ìý

Ìý

�

Ìý

Ìý

(1

)

Ìý

1

Ìý

�

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

Accrued liabilities as of JuneÌý30, 2016

Ìý

$

4

Ìý

$

3

Ìý

$

4

Ìý

$

52

Ìý

$

37

Ìý

$

1

Ìý

$

3

Ìý

$

104

Ìý

�

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

�

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

Current portion of restructuring reserves

Ìý

$

3

Ìý

$

3

Ìý

$

2

Ìý

$

12

Ìý

$

31

Ìý

$

1

Ìý

$

3

Ìý

$

55

Ìý

Long-term portion of restructuring reserves

Ìý

Ìý

1

Ìý

Ìý

�

Ìý

Ìý

2

Ìý

Ìý

40

Ìý

Ìý

6

Ìý

Ìý

�

Ìý

Ìý

�

Ìý

Ìý

49

Ìý

Ìý

Cash and noncash restructuring charges by initiative

ÌýÌýÌýÌýÌýÌýÌýÌýDetails with respect to cash and noncash restructuring charges for the three and six months ended JuneÌý30, 2016 and 2015 by initiative are provided below (dollars in millions):

ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý

Ìý

Ìý

Three months
ended
JuneÌý30, 2016

Ìý

Six months
ended
JuneÌý30, 2016

Ìý

Cash charges:

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

2016 charges for 2015 and prior initiatives

Ìý

$

19

Ìý

$

28

Ìý

2016 charges for 2016 initiatives

Ìý

Ìý

6

Ìý

Ìý

6

Ìý

Reversal of reserves no longer required

Ìý

Ìý

�

Ìý

Ìý

(1

)

Accelerated depreciation

Ìý

Ìý

3

Ìý

Ìý

7

Ìý

Other non-cash charges

Ìý

Ìý

1

Ìý

Ìý

2

Ìý

�

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

Total 2016 Restructuring, Impairment and Plant Closing Costs

Ìý

$

29

Ìý

$

42

Ìý

�

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

�

�

â€� Ìý

â€� Ìý

�

â€� Ìý

â€� Ìý

�

Ìý

ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý

Ìý

Ìý

Three months
ended
JuneÌý30, 2015

Ìý

Six months
ended
JuneÌý30, 2015

Ìý

Cash charges:

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

2015 charges for 2014 and prior initiatives

Ìý

$

34

Ìý

$

76

Ìý

2015 charges for 2015 initiatives

Ìý

Ìý

20

Ìý

Ìý

44

Ìý

Pension related charges

Ìý

Ìý

3

Ìý

Ìý

3

Ìý

Reversal of reserves no longer required

Ìý

Ìý

�

Ìý

Ìý

(1

)

Accelerated depreciation

Ìý

Ìý

47

Ìý

Ìý

75

Ìý

Other non-cash charges

Ìý

Ìý

10

Ìý

Ìý

10

Ìý

�

�

â€� Ìý

â€� Ìý

�

â€� Ìý

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Total 2015 Restructuring, Impairment and Plant Closing Costs

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$

114

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$

207

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