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RESTRUCTURING

9 Months Ended

Sep. 30, 2012

Note 5. RESTRUCTURING

The following is the provision for restructuring:

	Three Months Ended September 30,				Nine Months Ended September 30,
Dollars in Millions	2012		2011		2012		2011
Employee termination benefits	$	21	$	4	$	56	$	72
Other exit costs		8		4		15		20
Provision for restructuring	$	29	$	8	$	71	$	92

Restructuring charges included termination benefits for workforce reductions of manufacturing, selling, administrative, and research and development personnel across all geographic regions of approximately 185 and 50 for the three months ended September 30, 2012 and 2011, respectively, and approximately 480 and 700 for the nine months ended September 30, 2012 and 2011, respectively.

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

	Nine Months Ended September 30,
Dollars in Millions	2012		2011
Liability at January 1	$	77	$	126
Charges		77		94
Changes in estimates		(6)		(2)
Provision for restructuring		71		92
Foreign currency translation		(1)		1
Amylin acquisition		26		-
Spending		(66)		(119)
Liability at September 30	$	107	$	100

- 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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