REPOSITIONING AND OTHER CHARGES (Tables)

6 Months Ended

Jun. 30, 2016

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,
			2016		2015		2016		2015
Severance		$	70	$	38	$	98	$	75
Asset impairments			24		-		31		8
Exit costs			3		1		5		2
Reserve adjustments			(44)		(5)		(61)		(12)
Total net repositioning charge			53		34		73		73
Asbestos related litigation charges,
net of insurance			56		46		109		92
Probable and reasonably estimable
environmental liabilities			31		49		83		95
Total net repositioning and other charges		$	140	$	129	$	265	$	260

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,
		2016		2015		2016		2015
Cost of products and services sold	$	79	$	112	$	184	$	234
Selling, general and administrative expenses		37		17		57		26
Other (income) expense		24		-		24		-
	$	140	$	129	$	265	$	260

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,
		2016		2015		2016		2015
Aerospace	$	72	$	48	$	121	$	96
Automation and Control Solutions		(1)		15		6		39
Performance Materials and Technologies		27		14		36		21
Corporate		42		52		102		104
	$	140	$	129	$	265	$	260

Total Repositioning Reserves

The following table summarizes the status of our total repositioning reserves:
		Severance		Asset		Exit
		Costs		Impairments		Costs		Total
December 31, 2015	$	329	$	-	$	21	$	350
Charges		98		31		5		134
Usage - cash		(96)		-		(3)		(99)
Usage - noncash		-		(31)		-		(31)
Foreign currency translation		5		-		-		5
Adjustments		(60)		-		(1)		(61)
June 30, 2016	$	276	$	-	$	22	$	298