Realignment and Efficiency Plan

3 Months Ended

Mar. 31, 2013

Realignment And Efficiency Plan [Abstract]

Realignment and Efficiency Plan

Note 7 — Realignment and Efficiency Plan

During the third quarter of 2012, in connection with the execution of its strategy,the Company 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 ($50million after-tax) in the third quarter of 2012consisting primarily of severance costs. Summarized below is activity in the liability for the three months ended March 31, 2013:

(In millions)		Severance		Real estate		Total
Balance, January 1, 2013	$	67	$	4	$	71
Less: Payments		8		1		9
Balance, March 31, 2013	$	59	$	3	$	62

The severance costs are expected to be substantially paid in 2013.