XML 67 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
REPOSITIONING AND OTHER CHARGES (Tables)
3 Months Ended
Mar. 31, 2014
Repositioning And Other Charges [Abstract]  
Repositioning and other charges text block
        
  A summary of repositioning and other charges follows:
        
  Three Months Ended 
  March 31, 
   2014  2013 
Severance$ 71 $ 38 
Asset impairments  9   - 
Exit costs  8   2 
Adjustments  (6)  (7) 
Total net repositioning charge  82   33 
       
Asbestos related litigation charges,      
net of insurance  48   41 
Probable and reasonably estimable      
environmental liabilities  82   54 
Other  2   - 
       
Total net repositioning and other charges$ 214$ 128
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 
  March 31, 
  2014  2013 
Cost of products and services sold$191 $108 
Selling, general and administrative expenses 23  20 
 $214 $128 
       
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 
  March 31, 
  2014  2013 
Aerospace$ 1 $ 22 
Automation and Control Solutions  52   9 
Performance Materials and Technologies  8   (1) 
Transportation Systems  75   40 
Corporate  78   58 
 $ 214 $ 128 
Total Repositioning Reserves
  The following table summarizes the status of our total repositioning reserves:  
           
   Severance Asset Exit   
     Costs   Impairments Costs Total 
           
 December 31, 2013$ 302$ -$ 45$ 347 
  Charges  71  9  8  88 
  Usage - cash  (29)  -  (8)  (37) 
  Usage - noncash  -  (9)  -  (9) 
  Foreign currency translation  (1)  -  2  1 
  Adjustments  (6)  -  -  (6) 
           
 March 31, 2014$ 337$ -$ 47$ 384 
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)
 Year ended December 31, 2013  (2)  (4)  (2)  (8)
 Current year-to-date  -  -  (1)  (1)
Remaining exit and disposal        
  costs at March 31, 2014$10$5$3$18