Restructuring Programs

6 Months Ended

Jun. 30, 2014

Restructuring and Related Activities [Abstract]

During the six months ended June 30, 2014, we recorded net restructuring and asset impairment charges of $65, which included approximately $69 of severance costs related to headcount reductions of approximately 2,200 employees worldwide, $2 of lease cancellations and $7 of asset impairments. These costs were offset by $13 of net reversals, primarily resulting from changes in estimated reserves from prior period initiatives.

Information related to restructuring program activity during the six months ended June 30, 2014 is outlined below:



	Severance and Related Costs			Lease Cancellation and Other Costs			Asset Impairments⁽²⁾			Total
Balance at December 31, 2013	$	109		$	7		$	—		$	116
Provision	69			2			7			78
Reversals	(11		)	(2		)	—			(13		)
Net Current Period Charges⁽¹⁾	58			—			7			65
Charges against reserve and currency	(71		)	(3		)	(7		)	(81		)
Balance at June 30, 2014	$	96		$	4		$	—		$	100

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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.

Reconciliation to the Condensed Consolidated Statements of Cash Flows:



	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Charges against reserve	$	(40	)	$	(36	)	$	(81	)	$	(73	)
Asset impairments	3			—			7			—
Effects of foreign currency and other non-cash items	1			1			2			—
Restructuring Cash Payments	$	(36	)	$	(35	)	$	(72	)	$	(73	)

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



	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Services	$	4	$	10	$	14	$	8
Document Technology	26		23		42		17
Other	8		—		9		—
Total Net Restructuring Charges	$	38	$	33	$	65	$	25

- 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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