Restructuring Costs

6 Months Ended

Jun. 30, 2011

Restructuring Costs

Restructuring Costs

13.    Restructuring Costs

The Company recorded total restructuring costs of $5 million in the first six months of 2011, primarily related to severance.

Details of the activity from January 1, 2010 through June 30, 2011 regarding restructuring activities which includes liabilities from actions prior to 2011 are as follows:

(In millions of dollars)	Liability at 1/1/10		Amounts Accrued		Cash Paid		Liability at 12/31/10		Amounts Accrued		Cash Paid		Other (a)		Liability at 6/30/11
Severance		$  77		$  79		$(116)		$  40		$    5		$(29)		$    1		$  17
Future rent under non-cancelable leases and other costs		182		62		(73)		171		—		(24)		5		152
Total		$259		$141		$(189)		$211		$    5		$(53)		$    6		$169

^(a) Primarily foreign exchange

The expenses associated with the above initiatives are included in compensation and benefits and other operating expenses in the consolidated statements of income. The liabilities associated with these initiatives are classified on the consolidated balance sheets as Accounts payable, Other liabilities, or Accrued compensation, depending on the nature of the items.