Restructuring

6 Months Ended

Jun. 30, 2011

Restructuring

Restructuring

12. RESTRUCTURING

Whiting Mill Closure

In February 2011, we permanently closed our Whiting, Wisconsin mill. Approximately 360 employees at the facility were affected. We made the decision to close the facility in order to better align capacity with market demand. As a result of this action, including the evaluation of capacity needs, during the fourth quarter of 2010, we recorded asset impairment charges for the Whiting mill and the previously-closed Kimberly mill of $196 in other (income) expense and classified these assets as held for sale. During the first half of 2011, we recognized $5 of employee-related costs recorded in cost of sales. In addition, during the second quarter and first half of 2011, we recognized $1 and $3 in cost of sales for contract termination and other closure related costs and we expect to recognize additional charges in cost of sales of approximately $14 for contract termination and other closure related costs during 2011 and subsequent years as contract terms expire. The facility closure and related activities have been substantially completed during the first half of 2011. The severance and other closure cost require the outlay of cash while the asset impairment charge represents a non-cash charge.

The activity in the accrued restructuring liability relating to these actions for the first half ended June 30, 2011 was as follows:

	Closure			Employee
	Costs			Costs
Balance accrued at December 31, 2010	$	—		$	2
Current charges		3			5
Payments		(3	)		(5	)
Balance accrued at June 30, 2011	$	—		$	2