XML 36 R24.htm IDEA: XBRL DOCUMENT v3.7.0.1
Restructuring and Other Charges (Tables)
3 Months Ended
Mar. 31, 2017
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Other Charges by Reportable Segments, Pretax

The pretax impact of allocating such charges to segment results would have been as follows:

 

     First quarter ended  
     March 31,  
     2017      2016  

Engineered Products and Solutions

   $ 6      $ 8  

Global Rolled Products

     57        2  

Transportation and Construction Solutions

     3        —    
  

 

 

    

 

 

 

Segment Total

     66        10  

Corporate

     7        6  
  

 

 

    

 

 

 

Total Restructuring and other charges

   $ 73      $ 16  
  

 

 

    

 

 

 

Activity and Reserve Balances for Restructuring Charges

Activity and reserve balances for restructuring charges were as follows:

 

     Layoff
costs
     Other exit
costs
     Total  

Reserve balances at December 31, 2015

   $ 84      $ 9      $ 93  

2016:

        

Cash payments

     (73      (13      (86

Restructuring charges

     70        27        97  

Other*

     (31      (14      (45
  

 

 

    

 

 

    

 

 

 

Reserve balances at December 31, 2016

     50        9        59  
  

 

 

    

 

 

    

 

 

 

2017:

        

Cash payments

     (18      (4      (22

Restructuring charges

     20        —          20  

Other*

     (2      (1      (3
  

 

 

    

 

 

    

 

 

 

Reserve balances at March 31, 2017

   $ 50      $ 4      $ 54  
  

 

 

    

 

 

    

 

 

 

 

* Other includes reversals of previously recorded restructuring charges and the effects of foreign currency translation. In 2016, Other for other exit costs also included a reclassification of $8 in asset retirement, $2 in environmental obligations and $4 in legal obligations as these liabilities were included in Arconic’s separate reserves for asset retirement obligations, environmental remediation and legal costs.