Employee Separation / Asset Related Charges, Net

6 Months Ended

Jun. 30, 2014

Employee Separation / Asset Related Charges, Net

2014 Restructuring Program

In the second quarter 2014, DuPont commenced a restructuring plan to reduce residual costs associated with the separation of its Performance Chemicals segment and to improve productivity across all businesses and functions. The restructuring plan is a part of the company's broad-based redesign initiative to streamline and further leverage global business support for its more focused portfolio of businesses post the separation of Performance Chemicals. As a result, during the three months ended June 30, 2014 a pre-tax charge of $263 was recorded in employee separation / asset related charges, net in the company's interim Consolidated Income Statements. The charge consisted of $166 employee separation costs, $3 of other non-personnel charges and $94 of asset shut down costs. The actions associated with this charge and all related payments are expected to be substantially complete by December 31, 2015. The company anticipates that it will incur future charges, which it cannot reasonably estimate at this time, related to this plan as it implements additional actions.

The second quarter 2014 charge impacted segment earnings as follows: Agriculture - $47, Electronics & Communications - $68, Industrial Biosciences - $2, Nutrition & Health - $8, Performance Chemicals - $19, Performance Materials - $29, and Safety & Protection - $31, Other - $2, as well as Corporate expenses - $57.

Account balances and activity for the 2014 restructuring program are summarized below:



	Employee Separation Costs			Other Non-Personnel Charges		Asset Shut Down Costs			Total
Charges to income for the three and six months ended June 30, 2014	$	166		$	3	$	94		$	263
Charges to accounts:
Payments	(3		)	—		—			(3		)
Asset write-offs and adjustments	—			—		(94		)	(94		)
Balance as of June 30, 2014	$	163		$	3	$	—		$	166

- 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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