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Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS (Tables)

v3.10.0.1
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS (Tables)
9 Months Ended
Sep. 30, 2018
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, 2018 and December 31, 2017, 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, 2018

Ìý

$

Ìý5

Ìý

$

Ìý2

Ìý

$

41

Ìý

$

Ìý5

Ìý

$

53

2018 charges (credits) for 2017 and prior initiatives

Ìý

Ìý

Ìý1

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý1

Ìý

Ìý

(3)

Ìý

Ìý

(1)

2018 charges for 2018 initiatives

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý7

Ìý

Ìý

Ìý7

2018 (payments) credits for 2017 and prior initiatives

Ìý

Ìý

(3)

Ìý

Ìý

(1)

Ìý

Ìý

(1)

Ìý

Ìý

Ìý3

Ìý

Ìý

(2)

2018 payments for 2018 initiatives

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

(5)

Ìý

Ìý

(5)

Foreign currency effect on liability balance

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý1

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý1

Accrued liabilities as of September 30, 2018

Ìý

$

Ìý3

Ìý

$

Ìý1

Ìý

$

42

Ìý

$

Ìý7

Ìý

$

53


(1)

The workforce reduction reserves relate to the termination of 52 positions, of which 9Ìýpositions had not been terminated as of September 30, 2018.

Ìý

(2)

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

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

September 30,

Ìý

December 31,

Ìý

ÌýÌýÌýÌý

2018

ÌýÌýÌýÌý

2017

2016 and prior initiatives

Ìý

$

49

Ìý

$

51

2017 initiatives

Ìý

Ìý

Ìý2

Ìý

Ìý

Ìý2

2018 initiatives

Ìý

Ìý

Ìý2

Ìý

Ìý

Ìýâ€�

Total

Ìý

$

53

Ìý

$

53

Ìý

Schedule of accrued liabilities by year of initiatives

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

September 30,

Ìý

December 31,

Ìý

ÌýÌýÌýÌý

2018

ÌýÌýÌýÌý

2017

2016 and prior initiatives

Ìý

$

49

Ìý

$

51

2017 initiatives

Ìý

Ìý

Ìý2

Ìý

Ìý

Ìý2

2018 initiatives

Ìý

Ìý

Ìý2

Ìý

Ìý

Ìýâ€�

Total

Ìý

$

53

Ìý

$

53

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 by segment and initiative are provided below (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, 2018

Ìý

$

Ìý1

Ìý

$

Ìý1

Ìý

$

Ìý3

Ìý

$

47

Ìý

$

Ìý1

Ìý

$

53

Ìý

2018 charges (credits) for 2017 and prior initiatives

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý1

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

(4)

Ìý

Ìý

Ìý2

Ìý

Ìý

(1)

Ìý

2018 charges for 2018 initiatives

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý7

Ìý

Ìý

Ìý7

Ìý

2018 payments for 2017 and prior initiatives

Ìý

Ìý

(1)

Ìý

Ìý

(1)

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

(2)

Ìý

2018 payments for 2018 initiatives

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

(5)

Ìý

Ìý

(5)

Ìý

Foreign currency effect on liability balance

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý1

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý1

Ìý

Accrued liabilities as of September 30, 2018

Ìý

$

Ìýâ€�

Ìý

$

Ìý1

Ìý

$

Ìý3

Ìý

Ìý

44

Ìý

$

Ìý5

Ìý

$

53

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

$

Ìýâ€�

Ìý

$

Ìý1

Ìý

$

Ìý1

Ìý

$

Ìý3

Ìý

$

Ìý5

Ìý

$

10

Ìý

Long-term portion of restructuring reserves

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý2

Ìý

Ìý

41

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

43

Ìý

Ìý

Schedule of cash and noncash restructuring charges

Details with respect to cash and noncash restructuring charges from continuing operations for the three and nine months ended September 30, 2018 and 2017 are provided below (dollars in millions):

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

ÌýÌýÌýÌý

Three months

Ìý

Nine months

Ìý

Ìý

ended

Ìý

ended

Ìý

Ìý

SeptemberÌý30,Ìý2018

Ìý

SeptemberÌý30,Ìý2018

Cash charges:

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

2018 charges for 2017 and prior initiatives

Ìý

$

Ìý3

Ìý

$

(1)

2018 charges for 2018 initiatives

Ìý

Ìý

Ìý2

Ìý

Ìý

Ìý7

Noncash charges:

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Other noncash charges

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý2

Total 2018 restructuring, impairment and plant closing costs

Ìý

$

Ìý5

Ìý

$

Ìý8

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

ÌýÌýÌýÌý

Three months

Ìý

Nine months

Ìý

Ìý

ended

Ìý

ended

Ìý

Ìý

SeptemberÌý30,Ìý2017

Ìý

SeptemberÌý30,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

Noncash charges:

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Accelerated depreciation

Ìý

Ìý

Ìýâ€�

Ìý

Ìý

Ìý2

Other noncash credits

Ìý

Ìý

(1)

Ìý

Ìý

(3)

Total 2017 restructuring, impairment and plant closing costs

Ìý

$

Ìý1

Ìý

$

13

Ìý