CHARGES FOR RESTRUCTURING, CLOSURES AND ASSET IMPAIRMENTS

9 Months Ended

Sep. 30, 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				YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS	SEPTEMBER 2014		SEPTEMBER 2013		SEPTEMBER 2014		SEPTEMBER 2013
Restructuring and closure charges:
Termination benefits	$	2	$	—	$	25	$	—
Pension and postretirement charges	3		—		3		—
Other restructuring and closure costs	5		—		8		3
Charges for restructuring and closures	10		—		36		3
Impairments of long-lived assets	—		1		1		4
Total charges for restructuring, closures and impairments	$	10	$	1	$	37	$	7

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 approximately $5 million to $10 million in additional 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 year-to-date period ended September 30, 2014 were as follows:

DOLLAR AMOUNTS IN MILLIONS
Accrued severance as of December 31, 2013	$	2
Charges	25
Payments	(16		)
Accrued severance as of September 30, 2014	$	11

The majority of the accrued severance balance as of September 30, 2014, is expected to be paid within one year.