REPOSITIONING AND OTHER CHARGES (Tables)

9 Months Ended

Sep. 30, 2014

Repositioning And Other Charges [Abstract]

Repositioning and other charges text block

	A summary of repositioning and other charges follows:
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2014		2013		2014		2013
Severance		$	21	$	32	$	103	$	130
Asset impairments			1		-		12		1
Exit costs			1		6		13		8
Reserve adjustments			(2)		(16)		(11)		(23)
Total net repositioning charge			21		22		117		116
Asbestos related litigation charges,
net of insurance			49		45		148		136
Probable and reasonably estimable
environmental liabilities			52		51		186		161
Other			-		2		2		6
Total net repositioning and other charges		$	122	$	120	$	453	$	419

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				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
Cost of products and services sold	$	112	$	101	$	413	$	356
Selling, general and administrative expenses		10		19		40		63
	$	122	$	120	$	453	$	419

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				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
Aerospace	$	52	$	43	$	178	$	168
Automation and Control Solutions		14		4		65		43
Performance Materials and Technologies		2		16		22		32
Corporate		54		57		188		176
	$	122	$	120	$	453	$	419

Total Repositioning Reserves

The following table summarizes the status of our total repositioning reserves:
		Severance		Asset		Exit
		Costs		Impairments		Costs		Total
December 31, 2013	$	302	$	-	$	45	$	347
Charges		103		12		13		128
Usage - cash		(89)		-		(19)		(108)
Usage - noncash		-		(12)		-		(12)
Foreign currency translation		(7)		-		1		(6)
Reserve adjustments		(9)		-		(2)		(11)
September 30, 2014	$	300	$	-	$	38	$	338

Restructuring and Related Activities, Reportable Segment

					Automation		Performance
					and Control		Materials and
	2011 Repositioning Actions		Aerospace		Solutions		Technologies		Total
Expected exit and
	disposal costs	$	22	$	5	$	7	$	34
Costs incurred during:
	Year ended
	December 31, 2011		(1)		-		-		(1)
	Year ended
	December 31, 2012		(3)		(2)		(1)		(6)
	Year ended
	December 31, 2013		(4)		(1)		(3)		(8)
	Current year-to-date		(4)		-		-		(4)
Remaining exit and disposal
	costs at September 30, 2014	$	10	$	2	$	3	$	15