Restructuring charges/other

For the periods presented, we recognized a net gain of $122 million of Restructuring charges/other, which is included in Other as follows:



	For Three Months Ended September 30,					For Nine Months Ended September 30,
	2012			2011		2012			2011
Restructuring charges	$	14		$	—	$	37		$	—
Gain on transfer of Japan substitutional pension	(144		)	—		(144		)	—
Other	8			—		8			—
Restructuring charges/other	$	(122	)	$	—	$	(99	)	$	—

Restructuring charges

Restructuring actions related to the acquisition of National are discussed in Note 2 and are reflected in Acquisition charges in our Consolidated statements of income.

2011 actions: Beginning in the fourth quarter of 2011, we recognized restructuring charges associated with the announced plans to close two older semiconductor manufacturing facilities in Houston, Texas, and Hiji, Japan, by mid-2013. The total charge for these closures is estimated at $215 million, of which $149 million has been recognized through September 30, 2012. The Restructuring charges of $37 million recognized in the first nine months of 2012 consist of $13 million of accelerated depreciation and $24 million of other exit-related costs; $14 million of restructuring charges was recognized in the third quarter of 2012 consisting of $4 million of accelerated depreciation and $10 million of other exit-related costs. Of the estimated $215 million total charge, about $135 million will be for severance and related benefits, about $30 million will be for accelerated depreciation of facility assets and about $50 million will be for other exit-related costs.

Previous actions: In 2008 and 2009, we announced actions that eliminated about 3,900 jobs. These actions were completed in 2009.

The table below reflects the changes in accrued restructuring balances associated with these actions:



	2011 Actions						Previous Actions
	Severance and Benefits			Other Charges			Severance and Benefits			Other Charges			Total
Remaining accrual at December 31, 2011	$	96		$	—		$	13		$	7		$	116
Restructuring charges	3			34			—			—			37
Non-cash items (a)	3			(14		)	—			—			(11		)
Payments	(6		)	(17		)	(5		)	(1		)	(29		)
Remaining accrual at September 30, 2012	$	96		$	3		$	8		$	6		$	113

(a) Reflects charges for accelerated depreciation and curtailment/special termination benefits relating to the postretirement benefit plans.

The accrual balances above are primarily a component of Accrued expenses and other liabilities on our Consolidated balance sheets.

Gain on transfer of Japan substitutional pension

During the third quarter of 2012, we transferred the obligations and assets of the substitutional portion of our Japan pension plan to the government of Japan, resulting in a net gain of $144 million. See Note 8 for additional details.