Restructuring Charges

6 Months Ended

Jun. 30, 2011


4.	Restructuring Charges

During the fourth quarter of 2010, the Company committed to a strategic initiative to rationalize certain centralized functions. Substantially all of the costs incurred were personnel related, and the plan is expected to be completed during 2011.

The recognition of restructuring charges and the corresponding utilization of accrued balances during the six months ended June 30, 2011 are summarized as follows:


(in $ millions)

Balance as of January 1, 2011	9
Restructuring charges	4
Cash payments	(9	)

Balance as of June 30, 2011	4

Additionally, the Company expects to incur approximately $1 million of restructuring charges for personnel related costs during the remainder of 2011.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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