RESTRUCTURING AND RATIONALIZATION LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2011

RESTRUCTURING AND RATIONALIZATION LIABILITIES [Abstract]

Restructuring and Ongoing Rationalization Reserve Activity

The activity in the accrued balances and the non-cash charges and credits incurred in relation to restructuring initiatives and ongoing rationalization activities for the three and six months ended June 30, 2011 were as follows:

							Long-lived Asset
				Exit			Impairments and
	Severance			Costs			Inventory			Accelerated
(in millions)	Reserve			Reserve			Write-downs			Depreciation			Total
Balance as of December 31, 2010	$	22		$	20		$	-		$	-			42
Q1 2011 charges		30			2			1			2			35
Q1 2011 utilization/cash payments		(14	)		(3	)		(1	)		(2	)		(20	)
Q1 2011 other adjustments & reclasses  (1)		(11	)		1			-			-			(10	)
Balance as of March 31, 2011		27			20			-			-			47
Q2 2011 charges		22			7			1			6			36
Q2 2011 utilization/cash payments		(17	)		(2	)		(1	)		(6	)		(26	)
Q2 2011 other adjustments & reclasses  (2)		(5	)		-			-			-			(5	)
Balance as of June 30, 2011	$	27		$	25		$	-		$	-		$	52

(1)  The $(10) million includes $(12) million for severance-related charges for pension plan curtailments, settlements, and special termination benefits, which are reflected in Pension and other postretirement liabilities and Other long-term assets in the Consolidated Statement of Financial Position.  The remaining $2 million reflects foreign currency translation adjustments.    

(2)  The $(5) million includes $(6) million for severance-related charges for pension plan curtailments, settlements, and special termination benefits, which are reflected in Pension and other postretirement liabilities and Other long-term assets in the Consolidated Statement of Financial Position.  The remaining $1 million reflects foreign currency translation adjustments.