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Acquisitions, Dispositions and Plant Closures

12 Months Ended

Dec. 31, 2019

Acquisitions, Dispositions and Plant Closures [Abstract]

Acquisitions, Dispositions and Plant Closures

Plant Closures


•	Ocotlán, Mexico

On June 28, 2019, the Company announced it was consolidating its global acetate manufacturing capabilities with the closure of its acetate flake manufacturing operations in Ocotlán, Mexico. In June 2018, the Company initiated the closure of its acetate tow manufacturing unit at the same location. The Ocotlán, Mexico operations are included in the Company's Acetate Tow segment.

The exit and shutdown costs related to the Ocotlán, Mexico closure were as follows:



	Year Ended December 31,
	2019		2018
	(In $ millions)
Asset impairments⁽¹⁾	83		—
Restructuring⁽¹⁾	4		2
Accelerated depreciation expense	9		15
Loss on disposition of assets, net	1		1
Other	7	⁽²⁾	1
Total	104		19

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


⁽²⁾	Primarily related to inventory write-offs.

The Company expects to incur additional exit and shutdown costs related to Ocotlán, Mexico of approximately $12 million through the first quarter of 2021.