XML 45 R33.htm IDEA: XBRL DOCUMENT v3.7.0.1
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS (Tables) - Combined Divisions of Huntsman
6 Months Ended
Jun. 30, 2017
Restructuring, impairment and plant closing costs  
Schedule of accrued restructuring, impairment and plant closing costs by type of cost and initiative

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Other

    

 

 

 

 

Workforce

 

restructuring

 

 

 

(Dollars in millions)

 

reductions(1)

 

costs

 

Total(2)

Accrued liabilities as of December 31, 2016

 

$

21

 

$

 —

 

$

21

2017 charges

 

 

19

 

 

 8

 

 

27

2017 payments

 

 

(8)

 

 

(8)

 

 

(16)

Foreign currency effect on liability balance

 

 

 1

 

 

 —

 

 

 1

Accrued liabilities as of June 30, 2017

 

$

33

 

$

 —

 

$

33


(1)

The total workforce reduction reserves of $33 million relate to the termination of 335 positions, of which zero positions had been terminated as of June 30, 2017.

(2)

Accrued liabilities remaining at June 30, 2017 and December 31, 2016 by year of initiatives were as follows:

 

 

 

 

 

 

 

 

 

    

June 30, 

    

December 31, 

(Dollars in millions)

 

2017

 

2016

2015 initiatives and prior

 

$

14

 

$

21

2016 initiatives

 

 

 —

 

 

 —

2017 initiatives

 

 

19

 

 

 —

Total

 

$

33

 

$

21

 

Schedule of accrued liabilities by year of initiatives

 

 

 

 

 

 

 

 

    

June 30, 

    

December 31, 

(Dollars in millions)

 

2017

 

2016

2015 initiatives and prior

 

$

14

 

$

21

2016 initiatives

 

 

 —

 

 

 —

2017 initiatives

 

 

19

 

 

 —

Total

 

$

33

 

$

21

 

Schedule of details with respect to reserves for restructuring, impairment and plant closing costs, provided by segment and initiative

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Titanium

    

Performance

    

Discontinued

 

 

 

(Dollars in millions)

 

Dioxide

 

Additives

 

Operations

 

Total

Accrued liabilities as of December 31, 2016

 

$

12

 

$

 9

 

$

 1

 

$

21

2017 charges

 

 

21

 

 

 6

 

 

 —

 

 

27

2017 payments

 

 

(10)

 

 

(6)

 

 

 —

 

 

(16)

Net activity due to discontinued operations

 

 

 —

 

 

 —

 

 

(1)

 

 

 —

Foreign currency effect on liability balance

 

 

 1

 

 

 —

 

 

 —

 

 

 1

Accrued liabilities as of June 30, 2017

 

$

24

 

$

 9

 

$

 —

 

$

33

 

 

 

 

 

 

 

 

 

 

 

 

 

Current portion of restructuring reserves

 

$

20

 

$

 9

 

$

 —

 

$

29

Long-term portion of restructuring reserve

 

 

 4

 

 

 —

 

 

 —

 

 

 4

 

Schedule of cash and noncash restructuring charges by initiative

 

 

 

 

 

 

 

 

    

Three months ended

    

Six months ended

(Dollars in millions)

 

June 30, 2017

 

June 30, 2017

Cash charges

 

$

 4

 

$

27

Impairment of assets

 

 

 3

 

 

 3

Other noncash charges

 

 

 —

 

 

 3

Total 2017 Restructuring, Impairment and Plant Closing Costs

 

$

 7

 

$

33

 

 

 

 

 

 

 

 

 

    

Three months ended

    

Six months ended

(Dollars in millions)

 

June 30, 2016

 

June 30, 2016

Cash charges

 

$

10

 

$

16

Accelerated depreciation

 

 

 3

 

 

 7

Other noncash charges

 

 

 —

 

 

 1

Total 2016 Restructuring, Impairment and Plant Closing Costs

 

$

13

 

$

24