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Restructuring Charges and Asset Impairments
 12 Months Ended
Dec. 31, 2016
Restructuring and Related Activities [Abstract]  
Restructuring Charges and Asset Impairments
Restructuring Charges and Asset Impairments
The table below shows the activity in our restructuring reserves for the years ended December 31, 2016 and 2015:
 
Severance and benefits costs
 
Other exit
costs
 
Total
Balance at December 31, 2014
$
81,836

 
$
8,343

 
$
90,179

Expenses, net
19,078

 
251

 
19,329

Cash payments
(57,214
)
 
(4,872
)
 
(62,086
)
Balance at December 31, 2015
43,700

 
3,722

 
47,422

Expenses, net
44,510

 
1,655

 
46,165

Cash payments
(59,834
)
 
(5,096
)
 
(64,930
)
Balance at December 31, 2016
$
28,376

 
$
281

 
$
28,657


Restructuring charges also include pension settlement charges of $2 million and $1 million in 2016 and 2015, respectively.
The majority of the remaining restructuring reserves are expected to be paid over the next 12-24 months. Due to certain international labor laws and long-term lease agreements, some payments will extend beyond 24 months. We expect to fund these payments from cash flows from operations.

Asset impairment
In 2016, asset impairment charges consist primarily of a loss of $5 million from the sale of a facility and an impairment charge of $4 million related to another facility. During 2015, we sold our world headquarters building for $39 million and recorded a loss on the sale of $5 million. The loss was recognized in restructuring charges and asset impairments, net in the Consolidated Statements of Income.