XML 15 R21.htm IDEA: XBRL DOCUMENT v3.19.3
Other (Charges) Gains, Net
 9 Months Ended
Sep. 30, 2019
Restructuring and Related Activities [Abstract]  
Other (Charges) Gains, Net Other (Charges) Gains, Net
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
 
(In $ millions)
Restructuring
(6
)
 
(1
)
 
(20
)
 
(4
)
Asset impairments
—

 
—

 
(83
)
 
—

Plant/office closures
(1
)
 
13

 
(2
)
 
13

Commercial disputes
—

 
—

 
4

 
—

Total
(7
)
 
12

 
(101
)
 
9


During the nine months ended September 30, 2019, the Company recorded an $83 million long-lived asset impairment loss related to the closure of its acetate flake manufacturing operations in Ocotlán, Mexico (Note 3). The long-lived asset impairment loss was measured at the date of impairment to write-off the related property, plant and equipment and was included in the Company's Acetate Tow segment.
During the nine months ended September 30, 2019, the Company recorded a $15 million gain within commercial disputes related to a settlement from a previous acquisition that was included within the Engineered Materials segment. The Company also recorded an $11 million loss within commercial disputes related to a settlement by the Company's captive insurer with a former third-party customer, which was included within the Other Activities segment.
During the nine months ended September 30, 2019 and September 30, 2018, the Company recorded $20 million and $4 million, respectively, of employee termination benefits primarily related to Company-wide business optimization projects.
During the nine months ended September 30, 2018, the Company recorded a $13 million gain within plant/office closures related to a non-income tax receivable refund from Nanjing, China, in its Acetyl Chain segment.
The changes in the restructuring liability by business segment are as follows:
 
Engineered
Materials
 
Acetate Tow
 
Acetyl Chain
 
Other
 
Total
 
(In $ millions)
Employee Termination Benefits
 
 
 
 
 
 
 
 
 
As of December 31, 2018
—

 
2

 
2

 
—

 
4

Additions
9

 
3

 
1

 
8

 
21

Cash payments
(4
)
 
(2
)
 
—

 
(3
)
 
(9
)
Other changes
—

 
—

 
(1
)
 
—

 
(1
)
Exchange rate changes
—

 
—

 
—

 
—

 
—

As of September 30, 2019
5

 
3

 
2

 
5

 
15

Plant/Office Closures
 
 
 
 
 
 
 
 
 
As of December 31, 2018
—

 
—

 
—

 
—

 
—

Additions
—

 
1

 
—

 
—

 
1

Cash payments
—

 
—

 
—

 
—

 
—

Other changes
—

 
—

 
—

 
—

 
—

Exchange rate changes
—

 
—

 
—

 
—

 
—

As of September 30, 2019
—

 
1

 
—

 
—

 
1

Total
5

 
4

 
2

 
5

 
16