XML 65 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
REPOSITIONING AND OTHER CHARGES (Tables)
6 Months Ended
Jun. 30, 2012
Repositioning And Other Charges [Abstract]  
Repositioning and other charges text block
             
 A summary of repositioning and other charges follows:
             
  Three Months Ended  Six Months Ended
  June 30,  June 30,
   2012  2011  2012  2011
Severance$ 37 $ 16 $52 $43
Asset impairments  2   -  11  10
Exit costs  8   1  16  12
Adjustments (23)  (10)  (30)  (14)
Total net repositioning charge  24   7  49  51
            
Asbestos related litigation charges,           
net of insurance  43   40  79  78
Probable and reasonably estimable           
environmental liabilities  67   50  128  101
Other 0  (3)  0  (3)
            
Total net repositioning and other charges$ 134$ 94$256$227
Pretax distribution of total net repositioning and other charges by income statement classification
The following table summarizes the pretax distribution of total net repositioning and other charges by income statement classification:
      
  Three Months Ended  Six Months Ended
  June 30,  June 30,
  2012  2011  2012  2011
Cost of products and services sold$132 $84 $251 $202
Selling, general and administrative expenses 2  10  5  25
 $134 $94 $256 $227
            
Pretax Impact of Total Net Repositioning and Other Charges by Segment
The following table summarizes the pretax impact of total net repositioning and other charges by segment:
            
  Three Months Ended  Six Months Ended
  June 30,  June 30,
  2012  2011  2012  2011
Aerospace$ - $(6) $ 1 $(6)
Automation and Control Solutions  10   12   9   45
Performance Materials and Technologies  -   -   14   13
Transportation Systems  60   40   112   76
Corporate  64   48   120   99
 $ 134 $ 94 $ 256 $ 227
Total Repositioning Reserves
 The following table summarizes the status of our total repositioning reserves:  
           
   Severance Asset Exit   
     Costs   Impairments Costs Total 
           
 December 31, 2011$ 353$ -$ 59$ 412 
  Charges  52  11  16  79 
  Usage - cash  (58)  -  (15)  (73) 
  Usage - noncash  -  (11)  -  (11) 
  Foreign currency translation  (13)  -  -  (13) 
  Adjustments  (30)  -  -  (30) 
           
 June 30, 2012$ 304$ -$ 60$ 364 
Restructuring and Related Activities, Reportable Segment
     Automation    
     and Control Transportation  
2011 Repositioning Actions Aerospace Solutions Systems Total
          
Expected exit and disposal costs$ 15$ 15$ 7$ 37
Costs incurred during:        
 Year ended December 31, 2011  (1)  -  -  (1)
 Current year-to-date  -  (3)  -  (3)
Remaining exit and disposal costs at        
 June 30, 2012$14$12$7$ 33

     Automation    
     and Control Transportation   
2010 Repositioning Actions Aerospace Solutions Systems Total
          
Expected exit and disposal costs$ 11$ 10$ 2$ 23
Costs incurred during:        
 Year ended December 31, 2010  -  -  -  -
 Year ended December 31, 2011  (2)  (3)  (1)  (6)
 Current year-to-date  -  -  (1)  (1)
          
Remaining exit and disposal costs at        
 June 30, 2012$ 9$ 7$ -$ 16