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SEVERANCE COSTS | 12 Months Ended
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Dec. 31, 2016
SEVERANCE COSTS |
SEVERANCE COSTS | 28. SEVERANCE COSTS Included in Operating and administrative and Other income/(expense) is $54 million and nil, respectively (2015 - $42 million and $4 million, respectively), for severance costs related to termination benefits to employees. This resulted from an enterprise-wide reduction of workforce that occurred in October 2016 and November 2015 that affected approximately 5% of the Company’s workforce in each respective year. The amounts are included within Eliminations and Other. Of the total severance costs incurred in 2016, $29 million was paid in 2016 with the remaining $25 million to be paid in 2017 and is included in Accounts payable and other as at December 31, 2016. Of the total severance costs incurred in 2015, $22 million was paid in 2015 with the remaining $24 million paid in 2016. This amount was 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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