Restructuring and Reorganization

12 Months Ended

Dec. 31, 2011

Restructuring and Reorganization Costs [Abstract]

Note 23

Restructuring and Reorganization

In the first quarter 2010, the company announced employee reduction programs related to the restructuring and reorganization of its downstream businesses and corporate staffs. Total terminations under the programs are expected to be approximately 2,700 employees. About 1,300 of the affected employees are located in the United States. About 2,500 employees have been terminated through December 31, 2011, and the programs were substantially completed by the end of 2011. Substantially all of the remaining employees designated for termination under the programs are expected to leave in 2012.

A before-tax charge of $244 was recorded in first quarter 2010 associated with these programs, of which $138 remained outstanding at December 31, 2010. During 2011, the company made payments of $74 associated with these liabilities. The majority of the payments were in Downstream. The balance at December 31, 2011, was classified as a current liability on the Consolidated Balance Sheet.


	Amounts Before Tax

Balance at January 1, 2011	$	138
Adjustments		(28	)
Payments		(74	)

Balance at December 31, 2011	$	36

- 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.

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