Other (Charges) Gains, Net



	Year Ended December 31,
	2015			2014		2013
	(In $ millions)
Employee termination benefits (Note 4)	(53	)	⁽¹⁾	(7	)	(23	)
Kelsterbach plant relocation (Note 4)	—			—		(13	)
Asset impairments	(126	)		—		(81	)
Other plant/office closures	—			2		(33	)
Singapore contract termination	(174	)		—		—
Commercial disputes	2			11		(8	)
Other	—			9		—
Total	(351	)		15		(158	)

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⁽¹⁾	Includes $1 million of special termination benefits included in Benefit obligations in the consolidated balance sheet as of December 31, 2015 and is included in the Company's Industrial Specialties segment.

2015

During the year ended December 31, 2015, the Company recorded $21 million of employee termination benefits related to the Company's ongoing efforts to align its businesses around its core value drivers. In addition, the Company recorded $24 million of employee termination benefits related to a 50% capacity reduction at its Lanaken, Belgium acetate tow facility (Note 4).

In addition, during the year ended December 31, 2015, the Company recorded $6 million of employee termination benefits and $1 million of long-lived asset impairment losses related to the closure of its VAE emulsions facility in Tarragona, Spain (Note 4). In addition, the Company recorded $1 million of employee termination benefits and $1 million of long-lived asset impairment losses related to the closure of its VAE emulsions facility in Meredosia, Illinois (Note 4). The long-lived asset impairment losses related to both VAE facilities were measured at the dates of impairment to write-off the related property, plant and equipment at each facility (Note 2 and Note 4).

During the three months ended December 31, 2015, the Company determined its ethanol production unit at its acetyl facility in Nanjing, China should be assessed for impairment based on market conditions affecting demand for ethanol and downstream products, the cost to operate the unit and contractual obligations. As a result, the Company concluded that certain long-lived ethanol related assets were fully impaired. Accordingly, the Company recorded long-lived impairment losses, measured at the date of impairment (Note 2), of $123 million to fully write-off certain ethanol related assets. The Nanjing, China asset impairment is included in the Company's Acetyl Intermediates segment.

In December 2015, the Company made a payment terminating an existing agreement with a raw materials supplier in Singapore and recognized a $174 million charge, which reflects a discounted amount previously owed under that contract. This termination payment was determined not to have future economic benefit, and the contract's original terms substantially contributed to cumulative losses which resulted in a full impairment of the production assets in 2013. This charge is recorded in Other (charges) gains net, which is included in the Company's Acetyl Intermediates segment.

2014

During the year ended December 31, 2014, the Company received consideration of $8 million in connection with the settlement of a claim against a bankrupt supplier. The Company also recorded $12 million of damages in connection with the settlement of a claim by a raw materials supplier. These commercial dispute resolutions are included in the Acetyl Intermediates segment. In addition, the Company recovered $15 million from an arbitration award against a former utility operator at its cellulose derivatives manufacturing facility in Narrows, Virginia, which is included in the Consumer Specialties segment.

During the year ended December 31, 2014 the Company recorded $4 million of employee termination benefits related to the closure of its acetic anhydride facility in Roussillon, France and its vinyl acetate monomer ("VAM") facility in Tarragona, Spain. In addition, the Company recorded $2 million of contract termination adjustments related to the closure of its VAM facility in Tarragona, Spain.

2013

During the three months ended December 31, 2013, the Company recorded $6 million of employee termination benefits, $3 million of contract termination costs and $3 million of long-lived asset impairment losses related to the December 2013 closure of its acetic anhydride facility in Roussillon, France. In addition, the Company recorded $14 million of employee termination benefits, $30 million of contract termination costs and $31 million of long-lived asset impairment losses as a result of the December 2013 closure of its VAM facility in Tarragona, Spain. The long-lived asset impairment losses related to both the Company's Roussillon acetic anhydride facility and Tarragona VAM facility were measured at the dates of impairment to fully write-off the related property, plant and equipment at both facilities (Note 2).

During the three months ended December 31, 2013, the Company determined its Singapore acetic acid production unit should be assessed for impairment based on local market conditions affecting demand for acetic acid and downstream products, the cost to operate the unit, contractual obligations and an interim arbitration ruling. As a result, the Company concluded that the long-lived assets at its Singapore acetic acid production unit were fully impaired. Accordingly, the Company recorded long-lived asset impairment losses, measured at the date of impairment, of $46 million to fully write-off the related property, plant and equipment. The Singapore acetic acid operations are included in the Acetyl Intermediates segment (Note 2).

The changes in the restructuring reserves by business segment are as follows:



	Advanced Engineered Materials		Consumer Specialties		Industrial Specialties		Acetyl Intermediates			Other		Total
	(In $ millions)
Employee Termination Benefits
As of December 31, 2013	4		3		2		16			4		29
Additions	1		1		1		4			—		7
Cash payments	(1	)	(3	)	(2	)	(14	)		(1	)	(21	)
Other changes	—		—		—		—			—		—
Exchange rate changes	—		—		—		(1	)		—		(1	)
As of December 31, 2014	4		1		1		5			3		14
Additions	7		25		9		2			9		52
Cash payments	(4	)	(12	)	(4	)	(5	)		(3	)	(28	)
Other changes	(3	)	—		—		—			(3	)	(6	)
Exchange rate changes	(1	)	—		—		(1	)		—		(2	)
As of December 31, 2015	3		14		6		1			6		30
Other Plant/Office Closures
As of December 31, 2013	—		—		—		33			—		33
Additions	—		—		—		—			—		—
Cash payments	—		—		—		(9	)		—		(9	)
Other changes	—		—		—		(15	)	⁽¹⁾	—		(15	)
Exchange rate changes	—		—		—		(2	)		—		(2	)
As of December 31, 2014	—		—		—		7			—		7
Additions	—		—		—		—			—		—
Cash payments	—		—		—		(6	)		—		(6	)
Other changes	—		—		—		—			—		—
Exchange rate changes	—		—		—		(1	)		—		(1	)
As of December 31, 2015	—		—		—		—			—		—
Total	3		14		6		1			6		30

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⁽¹⁾	Includes a $13 million non-cash reduction to take-or-pay contract termination penalties.