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EXIT COSTS AND RESTRUCTURING RESERVES
 3 Months Ended
Mar. 31, 2016
Restructuring and Related Activities [Abstract]  
EXIT COSTS AND RESTRUCTURING RESERVES
EXIT COSTS AND RESTRUCTURING RESERVES
The Company incurred no restructuring costs for the three months ended March 31, 2016. For the year ended December 31, 2015, the Company incurred $26 million of restructuring costs, consisting of $17 million of facilities costs in occupancy, $8 million in outside services, and $1 million in salaries and employee benefits, relating to restructuring initiatives designed to enhance operating efficiencies and reduce expense growth.
For segment reporting, all of these restructuring costs are reported within Other. See Note 18 “Business Segments” for further information.
The following table includes the activity in the exit costs and restructuring reserves:
(in millions)
Salaries & Employee Benefits
Occupancy & Equipment
Other

Total

Reserve balance as of January 1, 2015

$23


$18


$3


$44

Additions
5

18

8

31

Reversals
(4
)
(1
)
—

(5
)
Utilization
(12
)
(19
)
(6
)
(37
)
Reserve balance as of December 31, 2015
12

16

5

33

Utilization
(2
)
(2
)
(5
)
(9
)
Reserve balance as of March 31, 2016

$10


$14


$—


$24