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REPOSITIONING AND OTHER CHARGES (Tables)

6 Months Ended

Jun. 30, 2013

Repositioning And Other Charges [Abstract]

Repositioning and other charges text block


	A summary of repositioning and other charges follows:

			Three Months Ended				Six Months Ended
			June 30,				June 30,
			2013		2012		2013		2012
Severance		$	60	$	37	$	98	$	52
Asset impairments			1		2		1		11
Exit costs			-		8		2		16
Adjustments			-		(23)		(7)		(30)
Total net repositioning charge			61		24		94		49

Asbestos related litigation charges,
net of insurance			50		43		91		79
Probable and reasonably estimable
environmental liabilities			56		67		110		128
Other			4		-		4		-

Total net repositioning and other charges		$	171	$	134	$	299	$	256

Pretax distribution of total net repositioning and other charges by income statement classification

The following table summarizes the pretax distribution of total net repositioning and other charges by income statement classification:

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2013		2012		2013		2012
Cost of products and services sold	$	147	$	132	$	255	$	251
Selling, general and administrative expenses		24		2		44		5
	$	171	$	134	$	299	$	256

Pretax Impact of Total Net Repositioning and Other Charges by Segment

The following table summarizes the pretax impact of total net repositioning and other charges by segment:

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2013		2012		2013		2012
Aerospace	$	-	$	-	$	22	$	1
Automation and Control Solutions		46		10		55		9
Performance Materials and Technologies		1		-		-		14
Transportation Systems		63		60		103		112
Corporate		61		64		119		120
	$	171	$	134	$	299	$	256

Total Repositioning Reserves

The following table summarizes the status of our total repositioning reserves:

		Severance		Asset		Exit
		Costs		Impairments		Costs		Total

December 31, 2012	$	276	$	-	$	47	$	323
Charges		98		1		2		101
Usage - cash		(50)		-		(10)		(60)
Usage - noncash		-		(1)		-		(1)
Foreign currency translation		(3)		-		-		(3)
Adjustments		(4)		-		(3)		(7)

June 30, 2013	$	317	$	-	$	36	$	353

Restructuring and Related Activities, Reportable Segment

					Automation
					and Control		Transportation
	2011 Repositioning Actions		Aerospace		Solutions		Systems		Total

Expected exit and disposal costs		$	15	$	12	$	7	$	34
Costs incurred during:
	Year ended December 31, 2011		(1)		-		-		(1)
	Year ended December 31, 2012		(2)		(3)		(1)		(6)
	Current year-to-date		-		(2)		(2)		(4)
Remaining exit and disposal
	costs at June 30, 2013	$	12	$	7	$	4	$	23

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

+ References+ Details

- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References+ Details