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Restructuring Charges And Other Items (Tables)

12 Months Ended

Dec. 31, 2012

During 2012, total restructuring and other charges of $109 million before taxes ($74 million after taxes) were recorded. These charges included:



In millions	Before-Tax Charges		After-Tax Charges
Early debt extinguishment costs (see Notes 12 and 13)	$	48	$	30
xpedx restructuring (a)	44		28
EMEA packaging restructuring (b)	17		12
Other	—		4
Total	$	109	$	74

(a) Includes pre-tax charges of $14 million for severance.

(b) Includes pre-tax charges of $17 million for severance.

During 2011, total restructuring and other charges of $102 million before taxes ($66 million after taxes) were recorded. These charges included:



In millions	Before-Tax Charges			After-Tax Charges
xpedx restructuring (a)	$	49		$	34
Early debt extinguishment costs (see Notes 12 and 13)	32			19
Temple-Inland merger agreement	20			12
APPM acquisition	18			12
Franklin, Virginia mill – closure costs (b)	(24		)	(15		)
Other	7			4
Total	$	102		$	66


(a)	Includes pre-tax charges of $19 million for severance.


(b)	Includes a pre-tax credit of $21 million related to the reversal of an environmental reserve.

During 2010, total restructuring and other charges of $394 million before taxes ($242 million after taxes) were recorded. These charges included:



In millions	Before-Tax Charges		After-Tax Charges
Franklin, Virginia mill – closure costs (a)	$	315	$	192
Early debt extinguishment costs (see Notes 12 and 13)	35		21
Write-off of Ohio Commercial Activity tax receivable	11		7
Shorewood Packaging reorganization	8		5
Bellevue, Washington container facility – closure costs	7		4
S&A reduction initiative	6		4
Other	12		9
Total	$	394	$	242


(a)	Includes pre-tax charges of $236 million for accelerated depreciation, $36 million for environmental closure costs and $30 million for severance.

Rollforward Of The Severance And Other Costs

The following table presents a rollforward of the severance and other costs for approximately 629 employees included in the 2011 restructuring charges:



In millions	Severance and Other
Opening balance (recorded first quarter 2011)	$	7
Additions and adjustments	18
Cash charges in 2011	(16		)
Cash charges in 2012	(8		)
Balance, December 31, 2012	$	1

The following table presents a rollforward of the severance and other costs for approximately 1,650 employees included in the 2010 restructuring charges:



In millions	Severance and Other
Opening balance (recorded first quarter 2010)	$	20
Additions and adjustments	26
Cash charges in 2010	(32		)
Cash charges in 2011	(8		)
Cash charges in 2012	(4		)
Balance, December 31, 2012	$	2

The following table presents a rollforward of the severance and other costs for approximately 811 employees included in the 2012 restructuring charges:



In millions	Severance and Other
Opening balance (recorded first quarter 2012)	$	7
Additions and adjustments	24
Cash charges in 2012	(15		)
Balance, December 31, 2012	$	16

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

+ References+ Details

- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References+ Details