Restructuring Actions

12 Months Ended

Dec. 31, 2015

Restructuring and Related Activities [Abstract]

NOTE 4. Restructuring Actions

2015 Restructuring Actions:

During the fourth quarter of 2015, management approved and committed to undertake certain restructuring actions primarily focused on structural overhead, largely in the U.S. and slower-growing markets, with particular emphasis on Europe, Middle East, and Africa (EMEA) and Latin America. This impacted approximately 1,700 positions worldwide and resulted in a fourth-quarter 2015 pre-tax charge of $114 million.

Components of these restructuring charges are summarized by business segment as follows:


	Year ended December 31, 2015
(Millions)	Employee-Related		Asset-Related		Total
Industrial	$	30	$	12	$	42
Safety and Graphics		11		—		11
Health Care		9		—		9
Electronics and Energy		8		4		12
Consumer		3		—		3
Corporate and Unallocated		37		—		37
Total Expense	$	98	$	16	$	114

The preceding restructuring charges were recorded in the income statement as follows:


(Millions)	2015
Cost of sales		40
Selling, general and administrative expenses		62
Research, development and related expenses		12
Total	$	114

Components of these restructuring actions, including cash and non-cash impacts, follow:


	Year ended December 31, 2015
(Millions)	Employee-Related		Asset-Related		Total
Expense incurred	$	98	$	16	$	114
Non-cash changes		(8)		(16)		(24)
Cash payments		(27)		—		(27)
Accrued 2015 restructuring action balances as of December 31, 2015	$	63	$	—	$	63

Non-cash changes include certain pension settlements and special termination benefits recorded in accrued pension and postretirement benefits and accelerated deprecation resulting from the cessation of use of certain long-lived assets. Remaining activities related to the restructuring are expected to be completed in 2016.