Business Restructuring

9 Months Ended

Sep. 30, 2014

Restructuring and Related Activities [Abstract]

The Company records restructuring liabilities that represent charges incurred in connection with consolidations of certain operations, including operations from acquisitions, as well as headcount reduction programs. These charges consist primarily of severance and asset write-downs. The following table summarizes the 2013 restructuring charge and the reserve activity since inception and through the nine months ended September 30, 2014:



($ in millions, except no. of employees)	Severance and Other Costs			Asset Write-offs			Total Reserve			Employees Impacted
Performance Coatings	$	74		$	5		$	79		1,253
Industrial Coatings	14			—			14			165
Glass	4			—			4			14
Corporate	1			—			1			4
Total third quarter 2013 restructuring charge	$	93		$	5		$	98		1,436
2013 activity	(23		)	(5		)	(28		)	(645	)
Balance as of December 31, 2013	$	70		$	—		$	70		791
2014 activity to date	(32		)	—			(32		)	(216	)
Balance as of September 30, 2014	$	38		$	—		$	38		575

All actions in the 2013 restructuring plan are expected to be completed by the end of 2015.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References+ Details