Long-Lived Assets

9 Months Ended

Sep. 30, 2019

Property, Plant and Equipment [Abstract]

Long-Lived Assets

	September 30, 2019		December 31, 2018
Land and land rights	$	133	$	136
Structures	2,349		2,364
Machinery and equipment	9,224		9,234
	11,706		11,734
Less: accumulated depreciation and amortization	7,070		6,769
	4,636		4,965
Construction work-in-progress	741		739
	$	5,377	$	5,704

During the second quarter of 2019, the Company updated its five-year strategic plan and determined that there was a decline in the forecasted financial performance for the Disks asset group within the EP&F segment. As such, the Company evaluated the recoverability of the Disks long-lived assets by comparing the carrying value to the undiscounted cash flows of the Disks asset group. The carrying value exceeded the undiscounted cash flows and therefore the Disks long-lived assets were deemed to be impaired. The impairment charge was measured as the amount of carrying value in excess of fair value of the long-lived assets, with fair value determined using a discounted cash flow model and a combination of sales comparison and cost approach valuation methods including an estimate for economic obsolescence. The impairment charge of $428 recorded in the second quarter of 2019 impacted properties, plants, and equipment; intangible assets; and certain other noncurrent assets by $198,

$197, and $33, respectively. The impairment charge was recorded in Restructuring and other charges in the Statement of Consolidated Operations.