Restructuring

During 2014 and 2013, we continued to evaluate our cost structure and further identified cost savings associated with streamlining our management structure and our decision to exit non-strategic businesses. Our 2014 and 2013 restructuring plans consisted of a company-wide workforce reduction of approximately 390 positions and 520 positions, respectively, and are further detailed below. The charges for each restructuring plan are classified as selling and general expenses within the consolidated statements of income and the reserves are included in other current liabilities in the consolidated balance sheets.

In certain circumstances, reserves are no longer needed because of efficiencies in carrying out the plans or because employees previously identified for separation resigned from the Company and did not receive severance or were reassigned due to circumstances not foreseen when the original plans were initiated. In these cases, we reverse reserves through the consolidated statements of income during the period when it is determined they are no longer needed.

As part of the definitive agreement to sell McGraw Hill Construction, which has historically been part of our C&C segment, to Symphony Technology Group, described further in Note 2 — Acquisitions and Divestitures, we have retained McGraw Hill Construction's restructuring liabilities. Therefore, the remaining reserves described below include McGraw Hill Construction's restructuring liability; however, the initial charge associated with the reserve has been bifurcated between continuing and discontinued operations.

The initial restructuring charge recorded and the ending reserve balance as of September 30, 2014 by segment is as follows:



	2014 Restructuring Plan				2013 Restructuring Plan
(in millions)	Initial Charge Recorded		Ending Reserve Balance		Initial Charge Recorded		Ending Reserve Balance
S&P Ratings	$	23	23		$	13	$	5
S&P Capital IQ	5		4		10		1
C&C ¹	15		15		10		2
Corporate	7		6		16		2
Total	$	50	$	48	$	49	$	10


¹	The 2014 restructuring plan includes an initial charge of $3 million and an ending reserve balance of $2 million for McGraw Hill Construction. The 2013 restructuring plan includes an initial charge of $1 million and an ending reserve balance of less than $1 million for McGraw Hill Construction.

We recorded a pre-tax restructuring charge of $50 million for the 2014 restructuring plan during the three months ended September 30, 2014 and have reduced the reserve for the 2014 restructuring plan by $2 million.

The ending reserve balance for the 2013 restructuring plan was $39 million as of December 31, 2013. For the nine months ended September 30, 2014, we have reduced the reserve for the 2013 restructuring plan by $29 million.