XML 44 R35.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Restructuring and Other Charges (Tables)
12 Months Ended
Dec. 31, 2019
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Other Charges
Restructuring and other charges for each year in the three-year period ended December 31, 2019 were comprised of the following:
 
2019
 
2018
 
2017
Non-cash asset impairments
$
570

 
$
13

 
$
58

Layoff costs
103

 
20

 
64

Pension and Other postretirement benefits - net settlement and curtailment charges
(49
)
 
91

 

Net (gain) loss on divestitures of assets and businesses (S)
(20
)
 
(109
)
 
57

Other
26

 
13

 
(3
)
Reversals of previously recorded layoff costs
(10
)
 
(19
)
 
(11
)
Restructuring and other charges
$
620

 
$
9

 
$
165


Schedule of Restructuring and Other Charges by Reportable Segments, Pretax
Activity and reserve balances for restructuring charges were as follows:
 
Layoff
costs
 
Other
exit costs
 
Total
Reserve balances at December 31, 2016
$
50

 
$
9

 
$
59

2017
 
 
 
 
 
Cash payments
(59
)
 
(6
)
 
(65
)
Restructuring charges
64

 
1

 
65

Other(1)
1

 
(2
)
 
(1
)
Reserve balances at December 31, 2017
$
56

 
$
2

 
$
58

2018
 
 
 
 
 
Cash payments
$
(47
)
 
$
(2
)
 
$
(49
)
Restructuring charges
111

 
13

 
124

Other(2)
(110
)
 
2

 
(108
)
Reserve balances at December 31, 2018
$
10

 
$
15

 
$
25

2019
 
 
 
 
 
Cash payments
$
(74
)
 
$
(5
)
 
$
(79
)
Restructuring charges
56

 
574

 
630

Other(3)
39

 
(581
)
 
(542
)
Reserve balances at December 31, 2019
$
31

 
$
3

 
$
34

(1) 
In 2017, Other for layoff costs included a reclassification of a stock awards reversal of $13, offset by reversals of previously recorded restructuring charges of $11 and foreign currency translation of $1.
(2) 
In 2018, Other for layoff costs included reclassifications of $119 in pension costs and a $28 credit in postretirement benefits, as the impacts were reflected in Arconic's separate liabilities for Accrued pension benefits and Accrued postretirement benefits, and reversals of previously recorded restructuring charges of $19.
(3) 
In 2019, Other for layoff costs included reclassifications of a $58 credit for elimination of life insurance benefits for U.S. salaried and non-bargaining hourly retirees, a charge of $9 for pension plan settlement accounting, as the impacts were reflected in Arconic's separate liabilities for Accrued pension benefits and Accrued postretirement benefits, and reversals of previously recorded restructuring charges of $10.
In 2019, Other for other exit costs included a charge of $428 for impairment of the Disks long-lived asset group; a charge of $112 for impairment of assets associated with agreement to sell the Company’s Brazilian rolling mill operations, the U.K. forgings business, and a small additive business; a charge of $25 for impairment of properties, plants, and equipment related to the Company’s primary research and development facility and a trade name intangible asset; a charge of $12 for lease terminations; a charge of $9 for accelerated depreciation as the impacts were primarily reflected in various noncurrent asset accounts; a charge of $5 related to the impairment of a cost method investment of GRP, and a charge of $1 related to other miscellaneous items; partially offset by a gain of $20 related to contingent consideration from the Texarkana sale. Additionally, Other included the reclassification of $9 in lease exit costs to reduce right-of-use assets within Other noncurrent assets in accordance with the new lease accounting standard.