Restructuring Charges

12 Months Ended

Dec. 31, 2011

(10)RESTRUCTURING CHARGES

During the fourth quarter 2011, the Company committed to restructuring plans (the "2011 Plan") to expand our operating margins and improve our earnings through substantial cost and capacity reductions, primarily within our North America and EMEA operating segments. Previous restructuring plans have been consolidated into the 2011 Plan beginning with the fourth quarter 2011. Including previously announced restructuring initiatives, we expect to incur approximately $500 million of total costs beginning in the fourth quarter 2011 with completion expected by the end of 2013.

The 2011 Plan includes the following actions:


•	Overall workforce reduction of more than 5,000 positions, including approximately 1,200 salaried positions.


•	Closure of a refrigeration manufacturing facility in the United States in 2012.


•	Cease laundry production in a European manufacturing facility by 2013.


•	Ceased dishwasher production in a European manufacturing facility in January 2012.


•	Additional organizational efficiency actions in North America and EMEA.

We recognized $136 million in total restructuring costs during 2011, of which $78 million was associated with the 2011 Plan. The remaining $58 million of restructuring costs related to plans (the "Old Plans") that were completed during 2011 or have now been consolidated into the 2011 Plan.

The following tables summarize the changes to our restructuring liability for the Old Plans and the 2011 Plan for the year ended December 31, 2011.



"Old Plans" Millions of dollars	12/31/2010		Charge to Earnings		Cash Paid			Non-cash and Other			Revision of Estimate			Transfer to "2011 Plan"			12/31/2011
Termination costs	$	36	$	37	$	(51	)	$	—		$	—		$	(22	)	$	—
Non-employee exit costs	14		21		(9		)	(5		)	(4		)	(17		)	—
Total	$	50	$	58	$	(60	)	$	(5	)	$	(4	)	$	(39	)	$	—



"2011 Plan" Millions of dollars	12/31/2010		Transfer from "Old Plans"		Charge to Earnings		Cash Paid			Non-cash and Other			Revision of Estimate		12/31/2011		Cumulative Charges		Expected Total Charges
Termination costs	$	—	$	22	$	56	$	(15	)	$	(1	)	$	—	$	62	$	56	$	310
Non-employee exit costs	—		17		22		(10		)	(13		)	—		16		22		190
Total	$	—	$	39	$	78	$	(25	)	$	(14	)	$	—	$	78	$	78	$	500

The following table summarizes restructuring charges for the 2011 Plan, by operating segment, for the year ended December 31, 2011. For additional information about restructuring charges by operating segment, see Note 13 of the Notes to the Consolidated Financial Statements.



Millions of dollars	2011 Charges		Cumulative Charges		Expected Total Charges
North America	$	53	$	53	$	342
Latin America	2		2		10
EMEA	21		21		135
Asia	1		1		10
Corporate / Other	1		1		3
Total	$	78	$	78	$	500

- 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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