Note 2 - Restructuring, Impairment and Other Charges

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Restructuring and Related Activities Disclosure [Text Block]

2.

     Restructuring, Impairment and Other Charges

2016

Activity

For the year ended

December

31,

2016,

we recorded charges of

$77

million, pre-tax, for employee related costs of

$14

million, asset disposals of

$62

million, and exit costs associated with some minor restructuring activities in all of our segments of

$1

million, with total cash expenditures of approximately

$12

million.

Cash payments for employee-related and exit activity related to the

2016

restructuring activities were substantially completed in

2016.

Restructuring reserves as of

December

31,

2016,

2015

and

2014

were not significant.

2015

Activity

For the year ended

December

31,

2015,

we did

not

record significant restructuring, impairment and other charges or reversals. Cash expenditures for restructuring activities were

$40

million. 

2014

Activity

For the year ended

December

31,

2014,

we recorded charges of

$71

million for workforce reductions of

$48

million, asset disposals and write-offs of

$22

million, and exit costs for restructuring activities of

$1

million with total cash expenditures of approximately

$39

million.

Cash payments for employee-related and exit activity related to the

2014

restructuring actions were substantially completed in

2015.