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SEVERANCE COSTS | 12 Months Ended
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Dec. 31, 2015
SEVERANCE COSTS |
SEVERANCE COSTS | 28.SEVERANCE COSTS Included in Operating and administrative and Other expense is $42 million and $4 million, respectively, in severance costs related to one-time termination benefits to employees, of which $20 million and $26 million are within the Sponsored Investments and Corporate segments, respectively. This resulted from an enterprise-wide reduction of workforce that occurred in November 2015 and affected approximately 5% of the Company’s workforce. In 2015, $22 million was paid with the remaining $24 million to be paid in 2016 and is included in Accounts payable and other as at December 31, 2015.

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- Definition The entire disclosure for severance costs. Description of activities such as total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References No definition available. + Details
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