XML 22 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Restructuring and Other Charges (Tables)
6 Months Ended
Jun. 30, 2013
Restructuring And Related Activities [Abstract]  
Schedule of Restructuring and other Charges by Reportable Segments, Pretax

The pretax impact of allocating such charges to segment results would have been as follows:

 

     Second quarter ended
June  30,
     Six months ended
June  30,
 
     2013      2012      2013      2012  

Alumina

   $ —         $ 1       $ —         $ 1   

Primary Metals

     94         1         94         6   

Global Rolled Products

     7         —           10         1   

Engineered Products and Solutions

     19         —           22         3   
  

 

 

    

 

 

    

 

 

    

 

 

 

Segment total

     120         2         126         11   

Corporate

     124         13         125         14   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total restructuring and other charges

   $ 244       $ 15       $ 251       $ 25   
  

 

 

    

 

 

    

 

 

    

 

 

 
Activity and Reserve Balances for Restructuring Charges

Activity and reserve balances for restructuring charges were as follows:

 

     Layoff
costs
    Other
exit costs
    Total  

Reserve balances at December 31, 2011

   $ 77      $ 57      $ 134   
  

 

 

   

 

 

   

 

 

 

2012:

      

Cash payments

     (44     (13     (57

Restructuring charges

     47        13        60   

Other*

     (21     (5     (26
  

 

 

   

 

 

   

 

 

 

Reserve balances at December 31, 2012

     59        52        111   
  

 

 

   

 

 

   

 

 

 

2013:

      

Cash payments

     (19     (6     (25

Restructuring charges

     27        71        98   

Other*

     (7     (69     (76
  

 

 

   

 

 

   

 

 

 

Reserve balances at June 30, 2013

   $ 60      $ 48      $ 108   
  

 

 

   

 

 

   

 

 

 

 

* Other includes reversals of previously recorded restructuring charges and the effects of foreign currency translation. In the 2013 six-month period, Other for other exit costs also included a reclassification of the following restructuring charges: $54 in asset retirement and $12 in environmental obligations, as these liabilities are included in Alcoa’s separate reserves for asset retirement obligations and environmental remediation (see Note F), respectively.