Employee Separation / Asset Related Charges, Net

12 Months Ended

Dec. 31, 2011

Employee Separation / Asset Related Charges, Net

EMPLOYEE SEPARATION/ASSET RELATED CHARGES, NET

At December 31, 2011, total liabilities relating to restructuring activities were $61, primarily relating to the 2011 restructuring program.

2011 Restructuring Program

In 2011, the company initiated a series of actions to achieve the expected cost synergies associated with the Danisco acquisition. As a result, the company recorded a $53 charge in employee separation/asset related charges, net, primarily for employee separation costs in the U.S. and Europe. This charge reduced segment earnings as follows: Industrial Biosciences - $9, Nutrition & Health - $14, and Other - $30. The company expects this initiative and all related payments to be substantially complete in 2013.

Account balances and activity for the 2011 restructuring program are summarized below:



Net charges to income in 2011	$	53
Payments	(4		)
Net translation adjustment	(1		)
Balance as of December 31, 2011	$	48

- 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.

+ References+ Details