The Company continues to identify and pursue opportunities for cost savings through restructuring activities and workforce reductions to improve operating efficiencies across the Company's businesses and to prepare the Company for the anticipated 2012 Separation. The Company expects to incur restructuring and restructuring related charges of approximately $75 million to $100 million in fiscal 2012. The Company expects to incur an additional $75 million to $100 million in restructuring and restructuring related charges in fiscal 2012 in conjunction with the 2012 Separation. See Note 2.

The Company recorded restructuring and asset impairment charges by program and Consolidated Statement of Operations classification as follows ($ in millions):

	For the Quarter Ended June 29, 2012		For the Quarter Ended June 24, 2011		For the Nine Months Ended June 29, 2012		For the Nine Months Ended June 24, 2011

2012 actions	$	25	$	—	$	69	$	—
2011 program		2		25		9		70
2009 and prior programs		2		5		4		4

Total restructuring and asset impairment charges, net	$	29	$	30	$	82	$	74

Charges reflected in cost of sales		—		1		—		1
Charges reflected in SG&A		—		—		—		(1	)
Charges reflected in restructuring, asset impairments and divestiture charges (gains), net	$	29	$	29	$	82	$	74

Restructuring and asset impairment charges, net, during the quarter and nine months ended June 29, 2012 related to the 2012 actions are as follows ($ in millions):

	For the Quarter Ended June 29, 2012

	Employee Severance and Benefits⁽¹⁾		Facility Exit and Other Charges⁽²⁾		Total
Commercial Fire and Security	$	10	$	1	$	11
Flow Control		5		5		10
Corporate and Other		2		2		4

Total	$	17	$	8	$	25

	For the Nine Months Ended June 29, 2012

	Employee Severance and Benefits⁽¹⁾		Facility Exit and Other Charges⁽²⁾		Total
Commercial Fire and Security	$	23	$	27	$	50
Flow Control		7		6		13
Corporate and Other		3		3		6

Total	$	33	$	36	$	69

⁽¹⁾: Includes $2 million and $3 million of charges for the quarter and nine months ended June 29, 2012, respectively, related to the 2012 Separation recorded by Corporate and Other.
⁽²⁾: Includes nil and $23 million of asset impairment charges recorded by Commercial Fire and Security for the quarter and nine months ended June 29, 2012, respectively, related to the 2012 Separation. Includes $2 million and $3 million of other restructuring charges recorded by Corporate and Other for the quarter and nine months ended June 29, 2012, respectively, related to the 2012 Separation.

The rollforward of the reserves from September 30, 2011 to June 29, 2012 is as follows ($ in millions):


Balance as of September 30, 2011	$	—
Charges		43
Reversals		(1	)
Utilization		(13	)
Currency translation		(2	)

Balance as of June 29, 2012	$	27

During fiscal 2011, the Company continued to identify and pursue opportunities for cost savings through restructuring activities and workforce reductions to improve operating efficiencies across the Company's business (the "2011 Program").

Restructuring and asset impairment charges, net, during the quarters and nine months ended June 29, 2012 and June 24, 2011 related to the 2011 Program are as follows ($ in millions):

	For the Quarter Ended June 29, 2012

	Employee Severance and Benefits			Facility Exit and Other Charges		Total
Commercial Fire and Security	$	2		$	—	$	2
Flow Control		—			1		1
Corporate and Other		(1	)		—		(1	)

Total	$	1		$	1	$	2

	For the Quarter Ended June 24, 2011

	Employee Severance and Benefits			Facility Exit and Other Charges		Charges Reflected in Cost of Sales		Total
Commercial Fire and Security	$	20		$	2	$	1	$	23
ADT North American Residential		(3	)		—		—		(3	)
Flow Control		2			—		—		2
Corporate and Other		—			3		—		3

Total	$	19		$	5	$	1	$	25

	For the Nine Months Ended June 29, 2012

	Employee Severance and Benefits			Facility Exit and Other Charges		Total
Commercial Fire and Security	$	5		$	1	$	6
ADT North American Residential		—			3		3
Flow Control		(1	)		1		—
Corporate and Other		(1	)		1		—

Total	$	3		$	6	$	9

	For the Nine Months Ended June 24, 2011

	Employee Severance and Benefits			Facility Exit and Other Charges		Charges Reflected in Cost of Sales		Charges Reflected in SG&A			Total
Commercial Fire and Security	$	50		$	2	$	1	$	—		$	53
ADT North American Residential		(3	)		3		—		—			—
Flow Control		6			2		—		(1	)		7
Corporate and Other		6			4		—		—			10

Total	$	59		$	11	$	1	$	(1	)	$	70

Restructuring and asset impairment charges, net, incurred cumulative to date from initiation of the 2011 Program are as follows ($ in millions):

	Employee Severance and Benefits		Facility Exit and Other Charges		Charges Reflected in Cost of Sales		Charges Reflected in SG&A			Total

Commercial Fire and Security	$	52	$	6	$	2	$	—		$	60
ADT North American Residential		4		6		—		—			10
Flow Control		9		4		—		(1	)		12
Corporate and Other		5		7		—		—			12

Total	$	70	$	23	$	2	$	(1	)	$	94

The rollforward of the reserves from September 30, 2011 to June 29, 2012 is as follows ($ in millions):


Balance as of September 30, 2011	$	53
Charges		14
Reversals		(5	)
Utilization		(33	)
Reclass		1

Balance as of June 29, 2012	$	30

The Company continues to maintain restructuring reserves related to programs initiated prior to fiscal 2011. The total amount of these reserves were $53 million and $79 million as of June 29, 2012 and September 30, 2011, respectively. The Company incurred $2 million and $4 million of restructuring charges for the quarter and nine months ended June 29, 2012, respectively, and $5 million and $4 million of restructuring charges for the quarter and nine months ended June 24, 2011, respectively, related to 2009 and prior programs. The net decrease in the reserves is primarily due to cash utilization of $28 million. The aggregate remaining reserves primarily relate to facility exit costs for long-term non-cancelable lease obligations primarily within the Company's Commercial Fire and Security segment.

As of June 29, 2012 and September 30, 2011, restructuring reserves related to all programs and actions were included in the Company's Consolidated Balance Sheets as follows ($ in millions):

	As of June 29, 2012		As of September 30, 2011

Accrued and other current liabilities	$	86	$	99
Other liabilities		24		33

Total	$	110	$	132