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Quarterly report pursuant to Section 13 or 15(d)

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS (Tables)

v2.4.0.6
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS (Tables)
3 Months Ended
Mar. 31, 2013
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS Ìý
Accrued restructuring costs by type of cost and initiative

As of MarchÌý31, 2013 and DecemberÌý31, 2012, accrued restructuring costs by type of cost and initiative consisted of the following (dollars in millions):

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, 2013

Ìý $ 90 Ìý $ â€� Ìý $ 15 Ìý $ â€� Ìý $ 105 Ìý

2013 charges for 2011 initiatives

Ìý Ìý â€� Ìý Ìý 4 Ìý Ìý 16 Ìý Ìý 1 Ìý Ìý 21 Ìý

2013 charges for 2012 initiatives

Ìý Ìý 17 Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý 6 Ìý Ìý 23 Ìý

2013 charges for 2013 initiatives

Ìý Ìý 2 Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý 2 Ìý

Reversal of reserves no longer required

Ìý Ìý (7 ) Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý (7 )

2013 payments for 2011 initiatives

Ìý Ìý (4 ) Ìý (4 ) Ìý â€� Ìý Ìý (1 ) Ìý (9 )

2013 payments for 2012 initiatives

Ìý Ìý (4 ) Ìý â€� Ìý Ìý â€� Ìý Ìý (6 ) Ìý (10 )

Foreign currency effect on liability balance

Ìý Ìý (3 ) Ìý â€� Ìý Ìý (1 ) Ìý â€� Ìý Ìý (4 )
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Accrued liabilities as of MarchÌý31, 2013

Ìý $ 91 Ìý $ â€� Ìý $ 30 Ìý $ â€� Ìý $ 121 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

(1)
The total workforce reduction reserves of $91Ìýmillion relate to the termination of 817 positions, of which 738 positions had not been terminated as of MarchÌý31, 2013.
(2)
Accrued liabilities by initiatives were as follows (dollars in millions):

Ìý
Ìý MarchÌý31,
2013
Ìý DecemberÌý31,
2012
Ìý

2008 and prior initiatives

Ìý $ 2 Ìý $ 2 Ìý

2009 initiatives

Ìý Ìý 6 Ìý Ìý 7 Ìý

2010 initiatives

Ìý Ìý 9 Ìý Ìý 9 Ìý

2011 initiatives

Ìý Ìý 44 Ìý Ìý 34 Ìý

2012 initiatives

Ìý Ìý 58 Ìý Ìý 53 Ìý

2013 initiatives

Ìý Ìý 2 Ìý Ìý â€� Ìý
Ìý Ìý Ìý Ìý Ìý Ìý

Total

Ìý $ 121 Ìý $ 105 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý

ÌýÌýÌýÌýÌýÌýÌýÌý

Accrued restructuring costs by type of initiative
Accrued liabilities by initiatives were as follows (dollars in millions):

Ìý
Ìý MarchÌý31,
2013
Ìý DecemberÌý31,
2012
Ìý

2008 and prior initiatives

Ìý $ 2 Ìý $ 2 Ìý

2009 initiatives

Ìý Ìý 6 Ìý Ìý 7 Ìý

2010 initiatives

Ìý Ìý 9 Ìý Ìý 9 Ìý

2011 initiatives

Ìý Ìý 44 Ìý Ìý 34 Ìý

2012 initiatives

Ìý Ìý 58 Ìý Ìý 53 Ìý

2013 initiatives

Ìý Ìý 2 Ìý Ìý â€� Ìý
Ìý Ìý Ìý Ìý Ìý Ìý

Total

Ìý $ 121 Ìý $ 105 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý

ÌýÌýÌýÌýÌýÌýÌýÌý

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 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, 2013

Ìý $ 27 Ìý $ â€� Ìý $ 27 Ìý $ 42 Ìý $ 1 Ìý $ 6 Ìý $ 2 Ìý $ 105 Ìý

2013 charges for 2011 initiatives

Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý 21 Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý 21 Ìý

2013 charges for 2012 initiatives

Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý 23 Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý 23 Ìý

2013 charges for 2013 initiatives

Ìý Ìý â€� Ìý Ìý 2 Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý 2 Ìý

Reversal of reserves no longer required

Ìý Ìý (4 ) Ìý â€� Ìý Ìý (2 ) Ìý (1 ) Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý (7 )

2013 payments for 2011 initiatives

Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý (9 ) Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý (9 )

2013 payments for 2012 initiatives

Ìý Ìý (2 ) Ìý â€� Ìý Ìý (8 ) Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý (10 )

Foreign currency effect on liability balance

Ìý Ìý (1 ) Ìý â€� Ìý Ìý (1 ) Ìý (2 ) Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý (4 )
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Accrued liabilities as of MarchÌý31, 2013

Ìý $ 20 Ìý $ 2 Ìý $ 39 Ìý $ 51 Ìý $ 1 Ìý $ 6 Ìý $ 2 Ìý $ 121 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 $ 20 Ìý $ 2 Ìý $ 38 Ìý $ 26 Ìý $ 1 Ìý $ 6 Ìý $ 2 Ìý $ 95 Ìý

Long-term portion of restructuring reserves

Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý 1 Ìý Ìý 25 Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý 26 Ìý

Estimated additional future charges for current restructuring projects

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

Estimated additional charges within one year

Ìý Ìý â€� Ìý Ìý 3 Ìý Ìý 13 Ìý Ìý 65 Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý 81 Ìý

Estimated additional charges beyond one year

Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý Ìý â€� Ìý

ÌýÌýÌýÌýÌýÌýÌýÌý

Cash and non-cash restructuring charges by initiative

Details with respect to cash and non-cash restructuring charges for the periods ended MarchÌý31, 2013 and 2012 by initiative are provided below (dollars in millions):

Ìý
Ìý Three months
ended
MarchÌý31, 2013
Ìý

Cash charges:

Ìý Ìý Ìý Ìý

2013 charges for 2011 initiatives

Ìý $ 21 Ìý

2013 charges for 2012 initiatives

Ìý Ìý 23 Ìý

2013 charges for 2013 initiatives

Ìý Ìý 2 Ìý

Pension-related charges

Ìý Ìý 4 Ìý

Reversal of reserves no longer required

Ìý Ìý (7 )

Non-cash charges

Ìý Ìý 1 Ìý
Ìý Ìý Ìý Ìý

Total 2013 Restructuring, Impairment and Plant Closing Costs

Ìý $ 44 Ìý
Ìý Ìý Ìý Ìý

Ìý

Ìý
Ìý Three months
ended
MarchÌý31, 2012
Ìý

Cash charges:

Ìý Ìý Ìý Ìý

2012 charges for 2008 and prior initiatives

Ìý $ 2 Ìý

2012 charges for 2009 initiatives

Ìý Ìý 1 Ìý

2012 charges for 2011 initiatives

Ìý Ìý 3 Ìý

2012 charges for 2012 initiatives

Ìý Ìý 5 Ìý

Reversal of reserves no longer required

Ìý Ìý (12 )

Non-cash charges

Ìý Ìý 1 Ìý
Ìý Ìý Ìý Ìý

Total 2012 Restructuring, Impairment and Plant Closing Costs

Ìý $ â€� Ìý
Ìý Ìý Ìý Ìý