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RESTRUCTURING

6 Months Ended

Jun. 30, 2012

Note 5. RESTRUCTURING

The following is the provision for restructuring:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in Millions	2012		2011		2012		2011
Employee termination benefits	$	16	$	25	$	35	$	68
Other exit costs		4		15		7		16
Provision for restructuring	$	20	$	40	$	42	$	84

Restructuring charges included termination benefits for workforce reductions of manufacturing, selling, administrative, and research and development personnel across all geographic regions of approximately 175 and 215 for the three months ended June 30, 2012 and 2011, respectively, and approximately 295 and 650 for the six months ended June 30, 2012 and 2011, respectively.

The following table represents the activity of employee termination and other exit cost liabilities:

	Six Months Ended June 30,
Dollars in Millions	2012		2011
Liability at January 1	$	77	$	126
Charges		46		86
Changes in estimates		(4)		(2)
Provision for restructuring		42		84
Foreign currency translation		-		1
Spending		(45)		(83)
Liability at June 30	$	74	$	128

- 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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