CHARGES FOR RESTRUCTURING, CLOSURES AND ASSET IMPAIRMENTS

3 Months Ended

Mar. 31, 2014

Restructuring Cost and Reserve [Line Items]

CHARGES FOR RESTRUCTURING, CLOSURES AND ASSET IMPAIRMENTS

CHARGES FOR RESTRUCTURING, CLOSURES AND ASSET IMPAIRMENTS

Items Included in Our Restructuring, Closure and Asset Impairment Charges

	QUARTER ENDED
DOLLAR AMOUNTS IN MILLIONS	MARCH 2014		MARCH 2013
Restructuring and closure charges:
Termination benefits	$	17	$	—
Other restructuring and closure costs	3		2
Charges for restructuring and closures	20		2
Impairments of long-lived assets and other related charges:
Long-lived assets	—		2
Write-off of pre-acquisition costs and abandoned community costs	1		—
Impairments of long-lived assets and other related charges	1		2
Total impairments of investments and other related charges	$	21	$	4

During 2014, our restructuring and closure charges were primarily related to our selling, general and administrative cost reduction initiative to support achieving our competitive performance goals. We expect to incur an additional $10 to $15 million in charges related to these activities between now and early 2015, the majority of which will relate to additional other restructuring and closure costs.

Changes in accrued severance related to restructuring during the quarter ended March 31, 2014 were as follows:

DOLLAR AMOUNTS IN MILLIONS
Accrued severance as of December 31, 2013	$	2
Charges	17
Payments	(4		)
Accrued severance as of March 31, 2014	$	15

The majority of the accrued severance balance as of March 31, 2014, is expected to be paid within one year.