Restructuring and Impairment Charges (Tables)

3 Months Ended

Mar. 31, 2021

Restructuring and Impairment Charges

Summary of restructuring/impairment charges

A summary of the Company’s employee-related severance accrual as of March 31, 2021 is as follows (in millions):

Balance in severance accrual as of December 31, 2020	$	12
Joint venture related		1
Payments made to terminated employees		(4)
Balance in severance accrual as of March 31, 2021	$	9

Summary of classes of assets and liabilities classified as held-for-sale reflected in balance sheet

(in millions)	March 31, 2021
Cash and cash equivalents	$	2
Accounts receivable, net		36
Inventories		26
Prepaid expenses		1
Property, plant and equipment, net		57
Other assets		1
Impairment provision to record at fair value, less cost to sell		(49)
Assets held for sale	$	74
Accounts payable	$	22
Accrued liabilities		4
Impairment provision related to cumulative translation losses		311
Liabilities held for sale	$	337