Employee Severance and Termination Costs

3 Months Ended

Mar. 29, 2013

Restructuring And Related Activities [Abstract]

Employee Severance and Termination Costs

22. Employee Severance and Termination Costs

Consistent with the Company’s strategy to continuously improve its cost structure and right-size its businesses, the Company has completed employment reduction actions across several of its businesses to reduce both direct and indirect costs, including overhead and general and administrative costs. As a result of these initiatives, the Company recorded $5 million in employee severance and other termination costs for approximately 350 employees during the quarterly period ended March 29, 2013. During the year ended December 31, 2012, the Company recorded a total of $23 million in employee severance and other termination costs for approximately 1,600 employees. Employee severance and other termination costs are reported within cost of sales on the unaudited condensed consolidated statement of operations. The remaining balance to be paid for these initiatives was $7 million at March 29, 2013 and $9 million at December 31, 2012. Employee severance and other termination costs incurred by reportable segment for the quarterly periods ended March 29, 2013 and March 30, 2012 are presented in the table below.


	First Quarter Ended
	March 29, 2013		March 30, 2012
	(in millions)
Reportable Segment
Electronic Systems	$	4	$	4
P&LS		—		3
NSS		1		—

Consolidated	$	5	$	7

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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