Acquisitions, Dispositions and Plant Closures

6 Months Ended

Jun. 30, 2019

Acquisitions, Dispositions and Plant Closures [Abstract]

Acquisitions, Dispositions and Plant Closures [Text Block]

Acquisitions, Dispositions and Plant Closures

Plant Closures

• Ocotlán, Mexico

On June 28, 2019, the Company announced it will consolidate its global acetate manufacturing capabilities with the closure of its acetate flake manufacturing operations in Ocotlán, Mexico. The Ocotlán, Mexico operations are included in the Company's Acetate Tow segment.

The exit and shutdown costs related to this closure are as follows:

	Three Months Ended June 30, 2019
	(In $ millions)
Asset impairments(1)	83
Restructuring(1)	1
Accelerated depreciation expense	1
Total	85

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⁽¹⁾  Included in Other (charges) gains, net in the consolidated statement of operations (Note 18).

The Company expects to incur additional exit and shutdown costs of approximately $20 million, primarily related to employee termination benefits and accelerated depreciation, through the first quarter of 2020.