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Restructuring | 12 Months Ended
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Dec. 31, 2015
Disclosure Text Block Abstract |
Restructuring Charges | NOTE 20 Restructuring From time to time, the Company initiates restructuring programs to become more efficient and effective, and to support new business strategies. In connection with these programs, the Company typically will incur severance and other exit costs. During 2015, the Company recorded a net reduction of $26 million in restructuring charges, consisting of a reduction of $61 million in revisions to prior estimates, partially offset by $35 million in net restructuri ng charge s for EG recorded in the fourth quarter. During 2014, the Company recorded $411 million of restructuring charges, net of revisions to prior estimates. The 2014 activity primarily relates to $313 million and $133 million of restructuring charges recorded in the fourth quarter and second quarter, respectively. Restructuring charges related to severance obligations are included in sal aries and employee benefits in the Company’s Consolidated State ments of Income, while charges pertaining to other exit costs are included in occupancy and eq uipment and other expens es. The following table summarizes the Company’s restructuring reserves activity for the years ended December 31, 2015, 2014 and 2013:
(Millions) |  | Severance |  | Other(a) |  | Total
Liability balance as of December 31, 2012 |  | $ | 412 |  | $ | 58 |  | $ | 470
| Restructuring charges, net of $4 in revisions(b) |  |  | (7) |  |  | 3 |  |  | (4)
| Payments |  |  | (206) |  |  | (23) |  |  | (229)
| Other non-cash(c) |  |  | (3) |  |  | (1) |  |  | (4)
Liability balance as of December 31, 2013 |  |  | 196 |  |  | 37 |  |  | 233
| Restructuring charges, net of $35 in revisions(b) |  |  | 383 |  |  | 28 |  |  | 411
| Payments |  |  | (93) |  |  | (22) |  |  | (115)
| Other non-cash(d) |  |  | (51) |  |  | (8) |  |  | (59)
Liability balance at December 31, 2014 |  |  | 435 |  |  | 35 |  |  | 470
| Restructuring charges, net of $61 in revisions(b) |  |  | (33) |  |  | 7 |  |  | (26)
| Payments |  |  | (141) |  |  | (14) |  |  | (155)
| Other non-cash(c) |  |  | (23) |  |  | (5) |  |  | (28)
Liability balance as of December 31, 2015(e) |  | $ | 238 |  | $ | 23 |  | $ | 261
Other pr imarily includes facility exit and contract termination costs. Revisions primarily relate to higher than anticipated redeployments of displaced employees to other positions within the Company, business changes and modifications to existing initiatives. Consists primarily of foreign exchange impacts. Consists of $42 million reserve transferred to the GBT JV in the second quarter of 2014 as part of the GBT sale and $17 million of foreign ex change and other non-cash charges. The majority of cash payments related to the remaining restructuring liabilities are expected to be completed in 2016, and to a lesser extent certain contractual long-term severance arrangements and lease obligations are expected to be completed in 2017 and 20 20, respectively. The following table summarizes the Company’s restructu ring charges, net of revisions, by reportable operating segment and Corporate & Other for the year ended December 31, 2015, and the cumulativ e amounts relating to the restructuring programs that were in progress during 2015 and initiated at various dates between 2009 and 2015.
|  |  |  |  | Cumulative Restructuring Expense Incurred To Date On |
|  |  | 2015 |  | In-Progress Restructuring Programs |
|  | Total Restructuring |  |  |  |  |  |  |  |  |  |
|  | Charges, net |  |  |  |  |  |  |  |  |  |
(Millions) |  | revisions |  |  | Severance |  |  | Other |  |  | Total |
USCS |  | $ | (7) |  | $ | 35 |  | $ | ― |  | $ | 35 |
ICS |  |  | (17) |  |  | 198 |  |  | ― |  |  | 198 |
GCS |  |  | (16) |  |  | 113 |  |  | ― |  |  | 113 |
GNMS |  |  | (1) |  |  | 57 |  |  | ― |  |  | 57 |
Corporate & Other |  |  | 15 |  |  | 154 |  |  | 73 |  |  | 227 | (a)
Total |  | $ | (26) |  | $ | 557 |  | $ | 73 |  | $ | 630 | (b)
Corporate & Other includes certain severance and other charges of $151 million related to Company wide support functions which were not allocated to the Company’s reportable operating segments, as these were corporate initiatives, which is consistent with how such charges were reported internally. As of December 31, 2015, the total expenses to be incurred for previously approved restructuring activities that were in progress are not expected to be materially different than the cumulative expenses inc urred to date for these programs. The following table summarizes the Company’s restructuring reserves activity for the years ended De cember 31, 2014, 2013 and 2012:

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- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 + Details
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