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Realignment and Efficiency Plan
9 Months Ended
Sep. 30, 2012
Cost Reduction [Abstract]  
Cost Reduction

Note 6 Realignment and Efficiency Plan

 

 

During the third quarter of 2012, the Company, in connection with the execution of its strategy, committed to a series of actions to further improve its organizational alignment, operational effectiveness, and efficiency.  As a result, the Company recognized charges in other operating expenses of $77 million pre-tax ($50 million after-tax) in the third quarter of 2012 consisting primarily of severance costs. The Health Care segment reported $60 million pre-tax ($39 million after-tax) of the charge. The remainder was reported as follows: $14 million pre-tax ($9 million after-tax) in International and $3 million pre-tax ($2 million after-tax) in Disability and Life. The severance costs are expected to be substantially paid in 2013.