CHARGES FOR INTEGRATION AND RESTRUCTURING, CLOSURES AND ASSET IMPAIRMENTS



	QUARTER ENDED				YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS	SEPTEMBER 2016		SEPTEMBER 2015		SEPTEMBER 2016		SEPTEMBER 2015
Integration and restructuring charges related to our merger with Plum Creek:
Termination benefits	$	4	$	—	$	52	$	—
Acceleration of share-based compensation related to qualifying terminations (Note 14)	—		—		21		—
Acceleration of pension benefits related to qualifying terminations (Note 8)	—		—		5		—
Professional services	6		—		45		—
Other integration and restructuring costs	4		—		9		—
Total integration and restructuring charges related to our merger with Plum Creek	14		—		132		—
Charges related to closures and other restructuring activities:
Termination benefits	1		—		4		1
Other closures and restructuring costs	1		1		3		1
Total charges related to closures and other restructuring activities	2		1		7		2
Impairments of long-lived assets	—		1		2		14
Total charges for integration and restructuring, closures and impairments	$	16	$	2	$	141	$	16

During 2016, we incurred and accrued for termination benefits (primarily severance), accelerated share-based payment costs, and accelerated pension benefits based upon actual and expected qualifying terminations of certain employees as a result of restructuring decisions made subsequent to the merger. We also incurred non-recurring professional services costs for investment banking, legal and consulting, and certain other fees directly attributable to our merger with Plum Creek.

During 2015, we recognized a noncash impairment charge of $13 million in first quarter 2015 related to a nonstrategic asset held in Unallocated Items that was sold in second quarter 2015. The fair value of the asset was determined using significant unobservable inputs (level 3) based on discounted cash flow model.

Changes in accrued severance related to restructuring during the year-to-date period ended September 30, 2016, were as follows:



DOLLAR AMOUNTS IN MILLIONS
Accrued severance as of December 31, 2015	$	5
Charges	56
Payments	(33		)
Accrued severance as of September 30, 2016	$	28

Accrued severance is recorded within the "Wages, salaries and severance pay" component of "Accrued liabilities" on our Consolidated Balance Sheet as detailed in Note 9: Accrued Liabilities. The majority of the accrued severance balance as of September 30, 2016, is expected to be paid within one year.