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EXIT COSTS AND RESTRUCTURING RESERVES
 12 Months Ended
Dec. 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 year ended December 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. In 2014, the Company began the implementation of a restructuring initiative designed to achieve operating efficiencies and reduce expense growth. For the year ended December 31, 2014, the Company incurred $101 million of restructuring costs related to these initiatives, including $41 million of salaries and employee benefits, $18 million of facilities costs (including $6 million of building impairment) in occupancy, $24 million in outside services, $6 million in software expense reported in amortization of software, and $12 million in other operating expenses.
Also in 2014, as a result of the sale of retail branches located in Illinois, the Company incurred total costs of approximately $17 million for the year ended December 31, 2014, consisting of $3 million of employee compensation reported in salaries and employee benefits, $3 million of fixed asset expenses reported in equipment, $4 million in outside services and $7 million in other operating expenses.
For segment reporting, all of these restructuring costs are reported within Other. See Note 23 “Business Segments” for further information.
The following tables present the activity in the exit costs and restructuring reserves recognized in other liabilities in the Consolidated Balance Sheets:
(in millions)
Salaries & Employee Benefits
Occupancy & Equipment
Other

Total

Reserve balance as of January 1, 2014

$2


$24


$—


$26

Additions
43

24

57

124

Reversals
(1
)
(5
)
(4
)
(10
)
Utilization
(21
)
(25
)
(50
)
(96
)
Reserve balance as of December 31, 2014
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

Additions
2

—

—

2

Reversals
(2
)
—

—

(2
)
Utilization
(11
)
(7
)
(5
)
(23
)
Reserve balance as of December 31, 2016

$1


$9


$—


$10