Restructuring, Impairment And Other Charges (Credits)

9 Months Ended

Sep. 30, 2011

Restructuring, Impairment And Other Charges (Credits)

Restructuring, Impairment And Other Charges (Credits)

2.      Restructuring, Impairment and Other Charges (Credits)

2011 Activities

The following table summarizes the restructuring reserve activity for the nine months ended September 30, 2011 (in millions):

	Reserve at January 1, 2011		Cash payments		Reserve at September 30, 2011
Restructuring:
Employee related costs	$	15	$	(12)	$	3
Other charges (credits)		12		(3)		9
Total restructuring activity	$	27	$	(15)	$	12

Cash payments for employee-related costs were substantially completed by the end of 2010, while payments for exit activities will be substantially complete by the end of 2011.

2010 Activities

The following table summarizes the restructuring reserve activity for the nine months ended September 30, 2010 (in millions):

	Reserve at January 1, 2010		Non-cash adjustments		Net charges/ (reversals)		Cash payments		Reserve at September 30, 2010
Restructuring:
Employee related costs	$	80	$	(2)	$	(3)	$	(52)	$	23
Other charges (credits)		20						(6)		14
Total restructuring activity	$	100	$	(2)	$	(3)	$	(58)	$	37