REPOSITIONING AND OTHER CHARGES (Tables)

3 Months Ended

Jun. 30, 2015

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,
			2015		2014		2015		2014
Severance		$	38	$	11	$	75	$	82
Asset impairments			-		2		8		11
Exit costs			1		4		2		12
Reserve adjustments			(5)		(3)		(12)		(9)
Total net repositioning charge			34		14		73		96
Asbestos related litigation charges,
net of insurance			46		51		92		99
Probable and reasonably estimable
environmental liabilities			49		52		95		134
Other			-		-		-		2
Total net repositioning and other charges		$	129	$	117	$	260	$	331

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,
		2015		2014		2015		2014
Cost of products and services sold	$	112	$	110	$	234	$	301
Selling, general and administrative expenses		17		7		26		30
	$	129	$	117	$	260	$	331

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,
		2015		2014		2015		2014
Aerospace	$	48	$	50	$	96	$	126
Automation and Control Solutions		15		5		39		51
Performance Materials and Technologies		14		6		21		20
Corporate		52		56		104		134
	$	129	$	117	$	260	$	331

Total Repositioning Reserves

The following table summarizes the status of our total repositioning reserves:
		Severance		Asset		Exit
		Costs		Impairments		Costs		Total
December 31, 2014	$	285	$	-	$	30	$	315
Charges		75		8		2		85
Usage - cash		(44)		-		(6)		(50)
Usage - noncash		-		(8)		-		(8)
Foreign currency translation		(7)		-		(2)		(9)
Adjustments		(8)		-		(4)		(12)
June 30, 2015	$	301	$	-	$	20	$	321