Restructuring Programs

9 Months Ended

Sep. 30, 2013

Restructuring and Related Activities [Abstract]

During the nine months ended September 30, 2013, we recorded net restructuring and asset impairment charges from continuing operations of $60, which included approximately $78 of severance costs related to headcount reductions of approximately 3,300 employees primarily in North America. These costs were offset by $18 of net reversals, primarily resulting from changes in estimated reserves from prior period initiatives.

Information related to restructuring program activity during the nine months ended September 30, 2013 is outlined below:



	Severance and Related Costs			Lease Cancellation and Other Costs			Asset Impairments⁽²⁾		Total
Balance at December 31, 2012	$	123		$	7		$	—	$	130
Provision	78			—			—		78
Reversals	(18		)	—			—		(18		)
Net Current Period Charges - Continuing Operations⁽¹⁾	60			—			—		60
Discontinued operations⁽³⁾	4			—			—		4
Total Net Current Period Charges	64			—			—		64
Charges against reserve and currency	(105		)	(2		)	—		(107		)
Balance at September 30, 2013	$	82		$	5		$	—	$	87

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(1)	Represents net amount recognized within the Condensed Consolidated Statements of Income for the period shown.


(2)	Charges associated with asset impairments represent the write-down of the related assets to their new cost basis and are recorded concurrently with the recognition of the provision.


(3)	Refer to Note 5 - Divestitures for additional information regarding discontinued operations.

Reconciliation to the Condensed Consolidated Statements of Cash Flows:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Charges against reserve	$	(34	)	$	(29	)	$	(107	)	$	(114	)
Asset impairment	—			—			—			2
Effects of foreign currency and other non-cash items	—			(1		)	—			(1		)
Restructuring Cash Payments	$	(34	)	$	(30	)	$	(107	)	$	(113	)

The following table summarizes the total amount of costs incurred in connection with these restructuring programs by segment:



	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Services	$	10	$	6	$	18	$	25
Document Technology	25		8		42		37
Other	—		—		—		1
Total Net Restructuring Charges	$	35	$	14	$	60	$	63

- 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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