XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.20.2

Restructuring and Related Implementation Charges | 9 Months Ended
--- | ---
Sep. 30, 2020
Restructuring and Related Activities [Abstract] |
Restructuring and Related Implementation Charges | Restructuring and Related Implementation Charges The Company’s restructuring program (the “Global Growth and Efficiency Program”), which commenced in the fourth quarter of 2012, concluded on December 31, 2019. Initiatives under the Global Growth and Efficiency Program fit within the program’s three focus areas of expanding commercial hubs, extending shared business services and streamlining global functions and optimizing the global supply chain and facilities. During the three months ended September 30, 2020, the Company adjusted the accrual balances related to certain projects approved prior to the conclusion of the Global Growth and Efficiency Program to reflect its revised estimate of remaining liabilities. This adjustment resulted in a reduction of $16 ($13 after-tax), of which $3 was recorded in Selling, general and administrative expenses and $13 was recorded in Other (income) expense, net. No new restructuring projects were approved for implementation during the nine months ended September 30, 2020. For the three and nine months ended September 30, 2019 restructuring and implementation-related charges are reflected in the income statement as follows:
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, 2019 |  | September 30, 2019
Cost of sales |  | $ | 1 |  |  | $ | 9 |
Selling, general and administrative expenses |  | 28 |  |  | 42 |
Other (income) expense, net |  | (3) |  |  | 43 |
Non-service related postretirement costs |  | 1 |  |  | 4 |
Total Global Growth and Efficiency Program charges, pretax |  | $ | 27 |  |  | $ | 98 |
Total Global Growth and Efficiency Program charges, aftertax |  | $ | 22 |  |  | $ | 75 |
Restructuring and implementation-related charges in the preceding table and the adjustment recorded in the third quarter of 2020 were recorded in the Corporate segment as these decisions were predominantly centrally directed and controlled and were not included in internal measures of segment operating performance. The following tables summarize the activity for restructuring accrual:
|  |  |  |  |  |  |  |  |  | Three Months Ended September 30, 2020
Balance at June 30, 2020 |  |  |  |  |  |  |  |  |  | $ | 64 |
Charges (Benefits) |  |  |  |  |  |  |  |  |  | (16) |
Cash payments |  |  |  |  |  |  |  |  |  | (15) |
Charges against assets |  |  |  |  |  |  |  |  |  | — |
Foreign exchange |  |  |  |  |  |  |  |  |  | 1 |
Other |  |  |  |  |  |  |  |  |  | — |
Balance at September 30, 2020 |  |  |  |  |  |  |  |  |  | $ | 34 |
|  |  |  |  |  |  |  |  |  | Nine Months Ended September 30, 2020
Balance at December 31, 2019 |  |  |  |  |  |  |  |  |  | $ | 100 |
Charges (Benefits) |  |  |  |  |  |  |  |  |  | (16) |
Cash payments |  |  |  |  |  |  |  |  |  | (50) |
Charges against assets |  |  |  |  |  |  |  |  |  | — |
Foreign exchange |  |  |  |  |  |  |  |  |  | — |
Other |  |  |  |  |  |  |  |  |  | — |
Balance at September 30, 2020 |  |  |  |  |  |  |  |  |  | $ | 34 |

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration