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Restructuring Charges
 9 Months Ended
Sep. 30, 2013
Restructuring and Related Activities [Abstract]  
Restructuring Charges
Restructuring and Long-Lived Asset Impairment Charges
We recorded the following restructuring and long-lived asset impairment charges during the three and nine months ended September 30, 2013 and 2012:
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
(millions)
2013
 
2012
 
2013
 
2012
Severance
$
—

 
$
2

 
$
3

 
$
3

Lease obligations
(1
)
 
—

 
(1
)
 
(1
)
Long-lived asset impairment
—

 
—

 
—

 
1

Other exit costs
1

 
1

 
1

 
2

Total
$
—

 
$
3

 
$
3

 
$
5


2013
Charges in 2013 primarily consisted of severance related to various cost-reduction programs, including our December 2012 management workforce reduction and salaried workforce reductions across various functional areas resulting from our initiatives to centralize and consolidate certain back-office operations.
2012
Charges in the third quarter of 2012 included severance and other exit costs primarily related to the closure of 12 L&W Supply distribution branches. Charges in the nine months ended September 30, 2012 also included severance related to our December 2011 salaried workforce reduction, exit costs related to production facilities closed in prior years and an impairment related to previously idled machinery and equipment of which we subsequently disposed.

RESTRUCTURING RESERVES
Restructuring reserves totaling $12 million were included in accrued expenses and other liabilities on the consolidated balance sheet as of September 30, 2013. We expect future cash payments to be charged against the reserve will be approximately $2 million during the remainder of 2013, $3 million in 2014 and $7 million after 2014. All restructuring-related payments in the first nine months of 2013 were funded with cash on hand. We expect that the future payments will be funded with cash from operations or cash on hand. The restructuring reserve is summarized as follows:
 
Balance
as of
12/31/12
 
2013 Activity
 
Balance
as of 9/30/13
(millions)
 
Charges
 
Cash Payments
 
Severance
$
5

 
$
3

 
$
(7
)
 
$
1

Lease obligations
15

 
(1
)
 
(3
)
 
11

Other exit costs
—

 
1

 
(1
)
 
—

Total
$
20

 
$
3

 
$
(11
)
 
$
12