Asset Impairment and Exit Costs

6 Months Ended

Jun. 30, 2016

Restructuring and Related Activities [Abstract]

Asset Impairment and Exit Costs:

During the six months and three months ended June 30, 2016 and 2015, PMI did not incur asset impairment and exit costs.

Movement in Exit Cost Liabilities

The movement in exit cost liabilities for the six months ended June 30, 2016 was as follows:



(in millions)
Liability balance, January 1, 2016	$	54
Charges, net	—
Cash spent	(22		)
Currency/other	—
Liability balance, June 30, 2016	$	32

Cash payments related to exit costs at PMI were $22 million and $8 million for the six months and three months ended June 30, 2016, respectively, and $204 million and $44 million for the six months and three months ended June 30, 2015, respectively. Future cash payments for exit costs incurred to date are expected to be approximately $32 million, and will be substantially paid by the end of 2017.