Restructuring Charges

9 Months Ended

Sep. 30, 2011


4.	Restructuring Charges

During the fourth quarter of 2010, the Company committed to a strategic initiative to rationalize certain centralized functions. Costs of $11 million have been incurred to September 30, 2011 in relation to this plan. 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 nine months ended September 30, 2011 are summarized as follows:


(in $ millions)

Balance as of January 1, 2011	9
Restructuring charges	4
Cash payments	(11	)

Balance as of September 30, 2011	2

The Company expects to incur less than $1 million of restructuring charges for personnel related costs during the remainder of 2011.