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Realignment and Efficiency Plan

9 Months Ended

Sep. 30, 2013

Realignment And Efficiency Plan [Abstract]

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 ($50 million after-tax) in the third quarter of 2012 consisting primarily of severance costs that are expected to be mostly paid by the end of 2013. The Global Health Care segment reported $65 million pre-tax ($42 million after-tax). The remainder was reported as follows: $9 million pre-tax ($6 million after-tax) in Global Supplemental Benefits and $3 million pre-tax ($2 million after-tax) in Group Disability and Life. Summarized below is activity in the liability for the nine months ended September 30, 2013:

(In millions)		Severance		Real estate		Total
Balance, January 1, 2013	$	67	$	4	$	71
Less: First Quarter 2013 Payments		8		1		9
Less: Second Quarter 2013 Payments		16		-		16
Less: Third Quarter 2013 Payments		15		-		15
Balance, September 30, 2013	$	28	$	3	$	31