Rationalization Of Operations

3 Months Ended

Dec. 31, 2014

Restructuring and Related Activities [Abstract]

Rationalization of operations expense reflects costs associated with the Company’s ongoing efforts to improve operational efficiency and deploy assets globally in order to remain competitive on a worldwide basis. Details of the change in the liability for rationalization during the three months ended December 31, 2014 follow (in millions):



	Sept 30, 2014		Expense	Paid/Utilized	Dec 31, 2014
Severance and benefits	$	20	5	6	19
Lease and other contract terminations	1		—	1	—
Vacant facility and other shutdown costs	—		1	—	1
Start-up and moving costs	1		3	4	—
Total	$	22	9	11	20

Rationalization of operations expense by segment is provided below (in millions):



	Three Months Ended December 31,
	2013		2014
Process Management	$	3	3
Industrial Automation	2		2
Network Power	4		1
Climate Technologies	3		2
Commercial & Residential Solutions	1		1
Total	$	13	9

The Company expects to incur full year 2015 rationalization expense of approximately $100 million. This includes the $9 million incurred to date, as well as costs to complete actions initiated before the end of the first quarter and actions anticipated to be approved and initiated during the remainder of the year. First quarter costs largely relate to deployment of resources to higher growth regions and to directly serve local markets.

- 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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