Special Charges And Restructuring Activities

6 Months Ended

Jun. 30, 2013

Restructuring and Related Activities [Abstract]

Special Charges And Restructuring Activities

Special Charges and Merger Related Expenses

Special Charges

Based on agreements reached with various workgroups in 2012, the Company expects to reduce a total of approximately 10,500 positions. Consequently, during 2012, the Company recorded charges for severance related costs associated with the voluntary and involuntary reductions in certain work groups. The severance charges will be paid through the end of 2013.

The following table summarizes the components of the Company’s special charges and the remaining accruals for these charges (in millions) as of June 30, 2013:



	Facility Exit Costs			Employee Charges			Total
Remaining accrual at December 31, 2012	$	4		$	192		$	196
Special charges	6			13			19
Non-cash charges	(3		)	—			(3		)
Adjustments	(4		)	—			(4		)
Payments	(3		)	(138		)	(141		)
Remaining accrual at June 30, 2013	$	—		$	67		$	67

Merger Related Expenses

Merger related expenses for the three and six months ended June 30, 2013 were $6.2 million and $21.6 million, respectively. See Note 13 to the Condensed Consolidated Financial Statements for information on the Merger Agreement.

- 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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