XML 106 R35.htm IDEA: XBRL DOCUMENT v2.4.1.9
Restructuring and Impairment (Tables)
12 Months Ended
Mar. 31, 2015
Restructuring and Related Activities [Abstract]  
Summary of restructuring reserve activity
The following table summarizes our restructuring liability activity and other impairment charges (in millions). 
 
 
Total restructuring
liabilities
 
Other restructuring charges
(A)
 
Total restructuring charges
 
Other impairments (B)
 
Total
Restructuring 
and impairments, net
Balance as of March 31, 2012
 
$
28

 
 
 
 
 
 
 
 
Fiscal 2013 Activity:
 
 
 
 
 
 
 
 
 
 
Expenses
 
40

 
$
5

 
$
45

 
$
2

 
$
47

Cash payments
 
(34
)
 
 
 
 
 
 
 
 
Foreign currency translation and other
 
(1
)
 
 
 
 
 
 
 
 
Balance as of March 31, 2013
 
33

 
 
 
 
 
 
 
 
Fiscal 2014 Activity:
 
 
 
 
 
 
 
 
 
 
Expenses
 
48

 
3

 
51

 
24

 
75

Cash payments
 
(34
)
 
 
 
 
 
 
 
 
Balance as of March 31, 2014
 
47

 
 
 
 
 
 
 
 
Fiscal 2015 Activity:
 
 
 
 
 
 
 
 
 
 
Expenses
 
30

 
$
5

 
$
35

 
$
2

 
$
37

Cash payments
 
(32
)
 
 
 
 
 
 
 
 
Foreign currency translation and other
 
(13
)
 
 
 
 
 
 
 
 
Balance as of March 31, 2015
 
$
32

 
 
 
 
 
 
 
 
(A)
Other restructuring charges include period expenses that were not recorded through the restructuring liability and impairments related to a restructuring activity.
(B)
Other impairment charges not related to a restructuring activity.
Restructuring and related costs - North America
The following table summarizes our restructuring activity for the North America segment by plan (in millions).

 
 
Year ended March 31,
 
 
 
 
2015
 
2014
 
2013
 
Prior to
April 1, 2012
Restructuring charges - North America
 
 
 
 
 
 
 
Saguenay Plant Closure:
 
 
 
 
 
 
 
 
Severance
$
—

 
$
—

 
$
5

 
$
—

 
Fixed asset impairment (A)
—

 
—

 
—

 
28

 
Other exit related costs
1

 
1

 
—

 
—

 
Period expenses (A)
—

 
1

 
3

 
—

 
 
 
 
 
 
 
 
 
Relocation of R&D operations to Kennesaw, Georgia
 
 
 
 
 
 
 
 
Severance
—

 
1

 
8

 
3

 
Relocation costs
—

 
1

 
—

 
—

 
Period expenses (A)
—

 
1

 
—

 
—

 
 
 
 
 
 
 
 
 
Evermore joint venture exit
 
 
 
 
 
 
 
 
Contract termination penalty fee
—

 
—

 
2

 
—

 
Fixed asset impairment (A)
—

 
—

 
1

 
—

Total restructuring charges - North America
$
1

 
$
5

 
$
19

 
$
31

 
 
 
 
 
 
 
 
 
 Restructuring payments - North America
 
 
 
 
 
 
 
 
Severance
$
(2
)
 
$
(4
)
 
$
(10
)
 
 
 
Other
(1
)
 
(2
)
 
(3
)
 
 
Total restructuring payments - North America
$
(3
)
 
$
(6
)
 
$
(13
)
 
 

(A)     These charges were not recorded through the restructuring liability.
Restructuring and related costs - Europe
The following table summarizes our restructuring activity for the Europe segment by plan (in millions).

 
 
Year ended March 31,
 
 
 
 
2015
 
2014
 
2013
 
Prior to
April 1, 2012
Restructuring charges - Europe
 
 
 
 
 
 
 
Business optimization
 
 
 
 
 
 
 
 
Severance
$
3

 
$
26

 
$
10

 
$
6

 
Pension settlement loss (A)
—

 
1

 
—

 
—

 
 
 
 
 
 
 
 
 
Rogerstone plant closure
 
 
 
 
 
 
 
 
Severance
—

 
—

 
—

 
18

 
Fixed asset impairments
—

 
—

 
—

 
22

 
Other exit costs
—

 
—

 
1

 
3

 
 
 
 
 
 
 
 
 
Total restructuring charges - Europe
$
3

 
$
27

 
$
11

 
$
49

 
 
 
 
 
 
 
 
Restructuring payments - Europe
 
 
 
 
 
 
 
 
Severance
$
(12
)
 
$
(18
)
 
$
(17
)
 
 
 
Other
—

 
(1
)
 
(2
)
 
 
Total restructuring payments - Europe
$
(12
)
 
$
(19
)
 
$
(19
)
 
 
    
(A)     These charges were not recorded through the restructuring liability.

Restructuring and related costs - South America
The following table summarizes our restructuring activity for the South America segment by plan (in millions).
 
 
Year ended March 31,
 
 
 
 
2015
 
2014
 
2013
 
Prior to
April 1, 2012
Restructuring charges - South America
 
 
 
 
 
 
 
Ouro Preto smelter closures
 
 
 
 
 
 
 
 
Severance
$
14

 
$
2

 
$
3

 
$
—

 
Asset impairments (A)
5

 
—

 
1

 
—

 
Environmental charges
6

 
16

 
—

 
—

 
Contract termination and other exit related costs
5

 
1

 
5

 
—

 
 
 
 
 
 
 
 
 
Aratu plant closure
 
 
 
 
 
 
 
 
Severance
—

 
—

 
—

 
7

 
Asset impairments (A)
—

 
—

 
—

 
7

 
Contract termination and other exit related costs
1

 
—

 
6

 
—

Total restructuring charges - South America
$
31

 
$
19

 
$
15

 
$
14

 
 
 
 
 
 
 
 
 
Restructuring payments - South America
 
 
 
 
 
 
 
 
Severance
$
(12
)
 
$
(4
)
 
$
(1
)
 
 
 
Other
(4
)
 
(4
)
 
(1
)
 
 
Total restructuring payments - South America
$
(16
)
 
$
(8
)
 
$
(2
)
 
 

(A)     These charges were not recorded through the restructuring liability.