Restructuring Level 3 (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Restructuring and Related Costs [Table Text Block]

The following table summarizes restructuring information by type of cost:



	Workforce Reductions			Site Closure Costs			Other Projects		Total
Restructuring costs expected to be incurred	$	28		$	6		$	1	$	35
Cumulative restructuring costs incurred through June 30, 2012	$	15		$	4		$	—	$	19

Accrued liability at December 31, 2011	$	6		$	—		$	—	$	6
Restructuring charges	9			4			—		13
Payments	(3		)	(4		)	—		(7		)
Accrued liability at June 30, 2012	$	12		$	—		$	—	$	12

The following table summarizes restructuring information by reporting segment:



	Epoxy, Phenolic and Coating Resins			Forest Products Resins			Corporate and Other			Total
Restructuring costs expected to be incurred	$	14		$	19		$	2		$	35
Cumulative restructuring costs incurred through June 30, 2012	$	4		$	14		$	1		$	19

Accrued liability at December 31, 2011	$	1		$	2		$	3		$	6
Restructuring charges (release)	3			12			(2		)	13
Payments	(2		)	(5		)	—			(7		)
Accrued liability at June 30, 2012	$	2		$	9		$	1		$	12

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

+ References+ Details