XML 37 R26.htm IDEA: XBRL DOCUMENT v3.19.2
Cost Reduction Programs and Other Charges (Tables)
6 Months Ended
Jun. 30, 2019
Restructuring and Related Activities [Abstract]  
Summary of Cost Reductions
The following table summarizes the activities related to the company's cost reduction related charges for the six months ended June 30, 2019:
(millions of dollars)
Severance costs
 
Other cost reduction charges
 
Transaction related charges
 
Total
2019 Cost Reduction Programs and Other Charges
$
51

 
$
58

 
$
121

 
$
230

Less: Cash payments
(37
)
 
(21
)
 
(77
)
 
(135
)
Less: Non-cash charges

 
(4
)
 

 
(4
)
Foreign currency translation and other

 

 
(1
)
 
(1
)
Balance, June 30, 2019
$
14

 
$
33

 
$
43

 
$
90


Following is a summary of the pre-tax charges by reportable segment for the quarter and six month periods ended June 30, 2019:
 
Quarter Ended June 30, 2019
(millions of dollars)
Severance costs
 
Other cost reduction charges
 
Transaction related charges
 
Total
Americas
$
20

 
$
6

 
3

 
$
29

EMEA
4

 
2

 
10

 
16

APAC
13

 
1

 
1

 
15

Engineering

 
4

 

 
4

Other
5

 
21

 
51

 
77

Total
$
42

 
$
34

 
$
65

 
$
141


 
Six Months Ended June 30, 2019
(millions of dollars)
Severance costs
 
Other cost reduction charges
 
Transaction related charges
 
Total
Americas
$
20

 
$
7

 
27

 
$
54

EMEA
4

 
9

 
2

 
15

APAC
22

 
2

 
1

 
25

Engineering

 
11

 

 
11

Other
5

 
29

 
91

 
125

Total
$
51

 
$
58

 
$
121

 
$
230