Restructuring and Other Charges (Tables)

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs [Table Text Block]

During 2013, total restructuring and other charges of $210 million before taxes ($131 million after taxes) were recorded. These charges included:

In millions	Before-Tax Charges			After-Tax Charges
Early debt extinguishment costs (see Note 13)	$	25		$	16
xpedx restructuring (a)	32			19
xpedx transaction costs	22			14
Courtland mill shutdown (b)	118			72
Box plant closures	(13		)	(8		)
Augusta paper machine shutdown (c)	45			28
Insurance reimbursements	(30		)	(19		)
Other (d)	11			9
Total	$	210		$	131

(a) Includes $17 million of severance charges.

(b) Includes $73 million of accelerated depreciation and other non-cash charges, $42 million of severance charges and $3 million of other charges which are recorded in the Printing Papers segment. During 2013, the Company accelerated depreciation for certain Courtland assets, and diligently evaluated certain other assets for possible alternative uses by one of our other businesses. The net book value of these assets at December 31, 2013 was approximately $470 million. During 2014, we have continued our evaluation and expect to conclude as to any uses for these assets during the first quarter of 2014.

(c) Includes $39 million of accelerated depreciation charges, $2 million of severance charges and $4 million of other charges which are recorded in the Consumer Packaging segment.

(d) Includes $2 million of severance charges.

During 2012, total restructuring and other charges of $109 million before taxes ($74 million after taxes) were recorded. These charges included:

In millions	Before-Tax Charges		After-Tax Charges
Early debt extinguishment costs (see Note 13)	$	48	$	30
xpedx restructuring (a)	44		28
EMEA packaging restructuring (b)	17		12
Other	—		4
Total	$	109	$	74

(a) Includes $14 million of severance charges.

(b) Includes $17 million of severance charges.

During 2011, total restructuring and other charges of $102 million before taxes ($66 million after taxes) were recorded. These charges included:

In millions	Before-Tax Charges			After-Tax Charges
xpedx restructuring (a)	$	49		$	34
Early debt extinguishment costs (see Note 13)	32			19
Temple-Inland merger agreement	20			12
APPM acquisition	18			12
Franklin, Virginia mill – closure costs (b)	(24		)	(15		)
Other	7			4
Total	$	102		$	66

(a) Includes $19 million of severance charges.

(b) Includes a $21 million credit related to the reversal of an environmental reserve.

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The following table presents a rollforward of the severance and other costs for approximately 1,686 employees included in the 2013 restructuring charges.

In millions	Severance and Other
Additions and adjustments	$	63
Cash charges in 2013	(21		)
Balance, December 31, 2013	$	42

The following table presents a rollforward of the severance and other costs for approximately 811 employees included in the 2012 restructuring charges:

In millions	Severance and Other
Additions and adjustments	$	31
Cash charges in 2012	(15		)
Cash charges in 2013	(6		)
Balance, December 31, 2013	$	10

The following table presents a rollforward of the severance and other costs for approximately 629 employees included in the 2011 restructuring charges.As of December 31, 2013, all of these employees had left the Company under these programs.

In millions	Severance and Other
Additions and adjustments	$	25
Cash charges in 2011	(16		)
Cash charges in 2012	(8		)
Cash charges in 2013	(1		)
Balance, December 31, 2013	$	—