4.	Restructuring

During the three months ended March 30, 2013 and the year ended December 31, 2012, we initiated certain business restructuring initiatives aimed at reducing our fixed cost structure and realigning our business. The 2013 initiatives included the reduction in hourly and salaried headcount of approximately 400 employees, which included 100 in Water & Fluid Solutions, 100 in Valves & Controls and 200 in Technical Solutions. The 2012 initiatives included the reduction in hourly and salaried headcount of approximately 1,000 employees, which included 500 in Water & Fluid Solutions, 300 in Valves & Controls and 200 in Technical Solutions.

Restructuring related costs included in Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) included costs for severance and other restructuring costs as follows:


	Three months ended

In millions	March 30, 2013		March 31, 2012

Severance and related costs	$	20	$	—
Other		2		—

Total restructuring costs	$	22	$	—

Total restructuring costs related to Water & Fluid Solutions, Valves & Controls and Technical Solutions were $7 million, $5 million and $10 million, respectively, for the three months ended March 30, 2013.

Activity in the restructuring accrual recorded in Other current liabilities and Employee compensation and benefits in the Condensed Consolidated Balance Sheets is summarized as follows for the three months ended March 30, 2013:


In millions	March 30, 2013

Beginning balance	$	57
Costs incurred		20
Cash payments and other		(18)

Ending balance	$	59