Restructuring Level 3 (Tables)

9 Months Ended

Sep. 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	$	25		$	7		$	1	$	33
Cumulative restructuring costs incurred through September 30, 2012	$	19		$	7		$	—	$	26

Accrued liability at December 31, 2011	$	6		$	—		$	—	$	6
Restructuring charges	13			7			—		20
Payments	(5		)	(7		)	—		(12		)
Accrued liability at September 30, 2012	$	14		$	—		$	—	$	14

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	$	12		$	19		$	2		$	33
Cumulative restructuring costs incurred through September 30, 2012	$	7		$	18		$	1		$	26

Accrued liability at December 31, 2011	$	1		$	2		$	3		$	6
Restructuring charges (releases)	6			16			(2		)	20
Payments	(3		)	(9		)	—			(12		)
Accrued liability at September 30, 2012	$	4		$	9		$	1		$	14

- 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