Restructuring Programs

3 Months Ended

Mar. 31, 2015

Restructuring and Related Activities [Abstract]

During the three months ended March 31, 2015, we recorded net restructuring and asset impairment charges of $14, which included approximately $21 of severance costs related to headcount reductions of approximately 580 employees worldwide and $1 of lease cancellations. These costs were offset by $8 of net reversals, primarily resulting from changes in estimated reserves from prior period initiatives.

Information related to restructuring program activity during the three months ended March 31, 2015 is outlined below:



	Severance and Related Costs			Lease Cancellation and Other Costs			Asset Impairments⁽²⁾		Total
Balance at December 31, 2014	$	93		$	4		$	—	$	97
Provision	21			1			—		22
Reversals	(8		)	—			—		(8		)
Net Current Period Charges⁽¹⁾	13			1			—		14
Charges against reserve and currency	(36		)	(1		)	—		(37		)
Balance at March 31, 2015	$	70		$	4		$	—	$	74

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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 March 31,
	2015			2014
Charges against reserve	$	(37	)	$	(41	)
Asset impairments	—			4
Effects of foreign currency and other non-cash items	6			1
Restructuring Cash Payments	$	(31	)	$	(36	)

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



	Three Months Ended March 31,
	2015		2014
Services ⁽¹⁾	$	5	$	9
Document Technology	9		16
Other	—		1
Total Net Restructuring Charges	$	14	$	26

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(1)	The three months ended March 31, 2014 excludes $1 related to our ITO business, which is held for sale and reported as a discontinued operation as of March 31, 2015. Refer to Note 5 - Divestitures for additional information regarding this pending sale.

- 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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