Exit and Disposal Costs

9 Months Ended

Sep. 30, 2018

Restructuring And Related Activities [Abstract]

Exit and Disposal Costs

8.  Exit and Disposal Costs

In the first nine months of 2018, we recorded severance expense of $39 million and paid severance costs of $39 million as part of our previously announced cost reduction program.  At September 30, 2018, we have accrued severance cost of $6 million (December 31, 2017: $6 million), which we expect to pay in the fourth quarter of 2018.  In the third quarters of 2018 and 2017, we recorded charges of $57 million and $11 million, respectively, in General and Administrative Expenses in connection with vacated office space.