Restructuring

The Company recorded restructuring charges as follows:



	Three Months Ended				Six Months Ended
	June 30				June 30
	2012		2011		2012		2011
European Division Headquarters	$	—	$	—	$	—	$	19
North America Food	1		—		1		2
European Food	1		—		1		—
Other European operations	1		—		1		4
	3		—		3		25

Restructuring charges by type are as follows:



	Three Months Ended				Six Months Ended
	June 30				June 30
	2012		2011		2012		2011
Termination benefits	$	1	$	—	$	1	$	4
Other exit costs	2		—		2		21
	$	3	$	—	$	3	$	25

European Division Headquarters

As of June 30, 2012, the Company incurred costs of $34 which are expected to be the total costs related to the relocation of its European Division headquarters and management to Switzerland in order to benefit from a more centralized management location.

The following table summarizes the restructuring accrual balances and utilization by cost type for the relocation:



	Termination benefits		Other exit costs			Total
Balance at January 1, 2012	$	—	$	19		$	19
Foreign currency translation	—		(1		)	(1		)
Balance at June 30, 2012	$	—	$	18		$	18

Other exit costs represent the estimated employee compensation costs resulting from an intercompany payment related to the relocation. The Company expects to pay these costs over the next 3 years.

North America Food

As of June 30, 2012, the Company incurred total costs of $56 related to the closure of certain Canadian plants as part of restructuring actions to reduce costs through consolidation of certain U.S. and Canadian operations. These actions are expected to be completed in 2012.

The following table summarizes the restructuring accrual balances and utilization by cost type for these actions:



	Termination benefits			Other exit costs			Total
Balance at January 1, 2012	$	2		$	—		$	2
Provisions	—			1			1
Payments	(1		)	(1		)	(2		)
Balance at June 30, 2012	$	1		$	—		$	1

European Food

In the fourth quarter of 2011, the Company reviewed its existing supply and demand profile and long-term plans in Europe. The Company identified additional restructuring actions to improve profitability, including in its European Food business, by consolidating operations through reducing capacity and headcount. In December 2011, the Company approved these actions and recorded a charge of $9. The action is expected to reduce headcount by approximately 121. The Company expects to incur future additional charges of $2 related to the action which it expects to complete in 2012 at an estimated aggregate cost of $11. The table below summarizes the restructuring accrual balances and utilization by cost type for this action.



	Termination benefits			Other exit costs			Total
Balance at January 1, 2012	$	10		$	—		$	10
Provisions	—			1			1
Payments	(4		)	(1		)	(5		)
Balance at June 30, 2012	$	6		$	—		$	6

Other European operations

In the first quarter of 2011, the Company recorded a charge of $4 to reduce headcount in its European Specialty Packaging segment. In the fourth quarter of 2011, the Company reviewed its existing supply and demand profile and long-term plans in Europe. The Company identified additional restructuring actions to improve profitability, primarily in its European Aerosols and Specialty Packaging businesses, by consolidating operations through reducing capacity and headcount. In December 2011, the Company approved these actions and recorded an additional charge of $41. These actions are expected to reduce headcount by approximately 360 and to eliminate approximately 14% of the businesses' capacity. The Company currently expects to incur future additional charges of $8 related to the actions and to complete the actions in 2013 at an estimated aggregate cost of $53.

The table below summarizes the restructuring accrual balances and utilization by cost type for this action.



	Termination benefits			Other exit costs		Total
Balance at January 1, 2012	$	46		$	—	$	46
Provision	1			—		1
Payments	(5		)	—		(5		)
Foreign currency translation	(1		)	—		(1		)
Balance at June 30, 2012	$	41		$	—	$	41