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Asset Impairment, Exit, and Restructuring Costs
9 Months Ended
Sep. 30, 2016
Restructuring, Settlement and Impairment Provisions [Abstract]  
Asset Impairment, Exit, and Restructuring Costs
Asset Impairment, Exit, and Restructuring Costs

The following table sets forth the charges included in asset impairment, exit, and restructuring costs.

 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2016
 
2015
 
2016
 
2015
 
(In millions)
Impairment charge - fixed assets
$
2

 
$
37

 
$
11

 
$
59

Impairment charge - equity securities
6

 

 
6

 

Impairment charge - goodwill and intangible assets

 

 
11

 
9

Restructuring costs
3

 
28

 
8

 
28

 
$
11

 
$
65

 
$
36

 
$
96

 
 
 
 
 
 
 
 


Impairment charge - fixed assets for the three months ended September 30, 2016 consisted of several individually insignificant fixed asset impairments. Impairment charge - fixed assets for the nine months ended September 30, 2016 consisted of $5 million of fixed asset impairments in Corn, and $6 million of several individually insignificant fixed asset impairments. Impairment charge - fixed assets for the three months ended September 30, 2015 consisted of fixed asset impairments of $33 million related to sugar ethanol facilities in Brazil in the Corn Processing segment and other fixed asset impairments of $4 million in the Oilseeds Processing segment. Impairment charge - fixed assets for the nine months ended September 30, 2015 consisted of fixed asset impairments of $23 million related primarily to certain international Oilseeds Processing facilities, $34 million related to sugar ethanol facilities in Brazil in the Corn Processing segment, and $2 million of other fixed asset impairments in the Agricultural Services segment.

Impairment charge - equity securities for the three and nine months ended September 30, 2016 consisted of other-than-temporary impairment charges on the Company’s investment in two available for sale equity securities in Corporate.

Impairment charge - goodwill and intangible assets for the nine months ended September 30, 2016 consisted of software impairment in Corporate. Impairment charge - goodwill and intangible assets for the nine months ended September 30, 2015 consisted of goodwill impairment related to certain international Oilseeds Processing facilities.

Restructuring costs for the three and nine months ended September 30, 2016 consisted of several individually insignificant charges. Restructuring costs for the three and nine months ended September 30, 2015 related principally to an international pension plan settlement.