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Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS (Tables)

v3.8.0.1
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS (Tables)
9 Months Ended
Sep. 30, 2017
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS Ìý
Schedule of accrued restructuring, impairment and plant closing costs by type of cost and initiative

As of September 30, 2017 and December 31, 2016, accrued restructuring costs of continuing operations by type of cost and initiative consisted of the following (dollars in millions):

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Non-cancelable

Ìý

Other

Ìý

Ìý

Ìý

Ìý

Workforce

Ìý

DemolitionÌýand

Ìý

leaseÌýandÌýcontract

Ìý

restructuring

Ìý

Ìý

Ìý

ÌýÌýÌýÌý

reductions(1)

ÌýÌýÌýÌý

decommissioning

ÌýÌýÌýÌý

terminationÌýcosts

ÌýÌýÌýÌý

costs

ÌýÌýÌýÌý

Total(2)

Accrued liabilities as of January 1, 2017

Ìý

$

Ìý4

Ìý

$

19

Ìý

$

40

Ìý

$

Ìý5

Ìý

$

68

2017 charges for 2016 and prior initiatives

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý5

Ìý

Ìý

Ìý1

Ìý

Ìý

Ìý1

Ìý

Ìý

Ìý7

2017 charges for 2017 initiatives

Ìý

Ìý

Ìý6

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý6

2017 payments for 2016 and prior initiatives

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

(21)

Ìý

Ìý

(1)

Ìý

Ìý

(2)

Ìý

Ìý

(24)

2017 payments for 2017 initiatives

Ìý

Ìý

(2)

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

(2)

Foreign currency effect on liability balance

Ìý

Ìý

Ìý1

Ìý

Ìý

Ìý1

Ìý

Ìý

Ìý2

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý4

Accrued liabilities as of September 30, 2017

Ìý

$

Ìý9

Ìý

$

Ìý4

Ìý

$

42

Ìý

$

Ìý4

Ìý

$

59


(1)

The workforce reduction reserves relate to the termination of 163 positions, of which 116Ìýpositions had not been terminated as of September 30, 2017.

Ìý

(2)

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

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

SeptemberÌý30,Ìý

Ìý

DecemberÌý31,Ìý

Ìý

ÌýÌýÌýÌý

2017

ÌýÌýÌýÌý

2016

2015 and prior initiatives

Ìý

$

55

Ìý

$

67

2016 initiatives

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý1

2017 initiatives

Ìý

Ìý

Ìý4

Ìý

Ìý

Ìýâ€�

Total

Ìý

$

59

Ìý

$

68

Ìý

Schedule of accrued liabilities by year of initiatives

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

SeptemberÌý30,Ìý

Ìý

DecemberÌý31,Ìý

Ìý

ÌýÌýÌýÌý

2017

ÌýÌýÌýÌý

2016

2015 and prior initiatives

Ìý

$

55

Ìý

$

67

2016 initiatives

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý1

2017 initiatives

Ìý

Ìý

Ìý4

Ìý

Ìý

Ìýâ€�

Total

Ìý

$

59

Ìý

$

68

Ìý

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

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

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Performance

Ìý

Advanced

Ìý

Textile

Ìý

Corporate

Ìý

Ìý

Ìý

Ìý

ÌýÌýÌýÌý

Polyurethanes

ÌýÌýÌýÌý

Products

ÌýÌýÌýÌý

Materials

ÌýÌýÌýÌý

Effects

ÌýÌýÌýÌý

andÌýother

ÌýÌýÌýÌý

Total

Ìý

Accrued liabilities as of January 1, 2017

Ìý

$

Ìý2

Ìý

$

Ìýâ€�

Ìý

$

Ìý3

Ìý

$

61

Ìý

$

Ìý2

Ìý

$

68

Ìý

2017 charges for 2016 and prior initiatives

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý7

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý7

Ìý

2017 charges for 2017 initiatives

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý6

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý6

Ìý

2017 payments for 2016 and prior initiatives

Ìý

Ìý

(1)

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

(23)

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

(24)

Ìý

2017 payments for 2017 initiatives

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

(2)

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

(2)

Ìý

Foreign currency effect on liability balance

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý4

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý4

Ìý

Accrued liabilities as of September 30, 2017

Ìý

$

Ìý1

Ìý

$

Ìýâ€�

Ìý

$

Ìý3

Ìý

Ìý

53

Ìý

$

Ìý2

Ìý

$

59

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Current portion of restructuring reserves

Ìý

$

Ìý1

Ìý

$

Ìýâ€�

Ìý

$

Ìý2

Ìý

$

14

Ìý

$

Ìý2

Ìý

$

19

Ìý

Long-term portion of restructuring reserves

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý1

Ìý

Ìý

39

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

40

Ìý

Ìý

Schedule of cash and noncash restructuring charges by initiative

Details with respect to cash and noncash restructuring charges from continuing operations for the three and nine months ended September 30, 2017 and 2016 by initiative are provided below (dollars in millions):

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

ÌýÌýÌýÌý

Three months endedÌýSeptemberÌý30,Ìý2017

Ìý

Nine months endedÌýSeptemberÌý30,Ìý2017

Cash charges:

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

2017 charges for 2016 and prior initiatives

Ìý

$

Ìý2

Ìý

$

Ìý7

2017 charges for 2017 initiatives

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý6

Pension-related charges

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý1

Accelerated depreciation

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý2

Gain on sale of land

Ìý

Ìý

(1)

Ìý

Ìý

(3)

Total 2017 Restructuring, Impairment and Plant Closing Costs

Ìý

$

Ìý1

Ìý

$

13

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

ÌýÌýÌýÌý

Three months ended SeptemberÌý30,Ìý2016

Ìý

Nine months ended SeptemberÌý30,Ìý2016

Cash charges:

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

2016 charges for 2015 and prior initiatives

Ìý

$

40

Ìý

$

56

2016 charges for 2016 initiatives

Ìý

Ìý

Ìý1

Ìý

Ìý

Ìý4

Gain on sale of land

Ìý

Ìý

(3)

Ìý

Ìý

(3)

Reversal of reserves no longer required

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

(1)

Total 2016 Restructuring, Impairment and Plant Closing Costs

Ìý

$

38

Ìý

$

56

Ìý