2014 Organization Restructuring

9 Months Ended

Sep. 30, 2015

2014 Organization Restructuring [Member]

Restructuring and Related Activities Disclosure

2014 Organization Restructuring

In October 2014, we initiated a restructuring plan in order to improve organization efficiency and offset the impact of stranded overhead costs resulting from the spin-off of our health care business. The restructuring is intended to improve our underlying profitability and increase our flexibility to invest in targeted growth initiatives, brand building and other capabilities critical to delivering future growth. The plan is expected to be completed by the end of 2016, with total costs, primarily severance, anticipated to be $130 to $160 after tax ($190 to $230 pre-tax). Cash costs are projected to be approximately 80 percent of the total charges. The restructuring is expected to impact all of our business segments and our organizations in all major geographies.

The following charges were incurred in connection with the restructuring:



	Three Months Ended September 30, 2015			Nine Months Ended September 30, 2015
Cost of products sold	$	4		$	19
Marketing, research and general expenses	7			17
Provision for income taxes	(4		)	(16		)
Net charges	$	7		$	20

Through September 30, 2015, cumulative pre-tax charges for the restructuring were $169 ($115 after tax), including cumulative pre-tax cash charges of $135. Cash payments during the nine months ended September 30, 2015 related to the restructuring were $65.