XML 111 R15.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Restructuring and Asset Impairment Charges, net | 12 Months Ended
--- | ---
Dec. 31, 2011
Restructuring and Asset Impairment Charges [Abstract] |
Restructuring and Asset Impairment Charges | NOTE 6 Restructuring and Asset Impairment Charges, net NOTE 6 Restructuring and Asset Impairment Charges, net The components of restructuring and asset impairment charges incurred during each of the previous three years ended December 31, 2011, excluding impairment charges of $55 incurred during 2011 in connection with the Distribution, are presented below.
|  | 2011 |  | 2010 |  | 2009
By component: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Severance charges |  |  | $ | 4 |  |  |  | $ | 2 |  |  |  | $ | 40 |
Other restructuring charges |  |  |  | 1 |  |  |  |  | 2 |  |  |  |  | 5 |
Reversal of restructuring accruals |  |  |  | – |  |  |  |  | (1 | ) |  |  |  | (2 | )
Restructuring and asset impairment charge, net |  |  | $ | 5 |  |  |  | $ | 3 |  |  |  | $ | 43 |
By segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Industrial Process |  |  | $ | – |  |  |  | $ | 1 |  |  |  | $ | 11 |
Motion Technologies |  |  |  | – |  |  |  |  | – |  |  |  |  | 21 |
Interconnect Solutions |  |  |  | 3 |  |  |  |  | – |  |  |  |  | 7 |
Control Technologies |  |  |  | 2 |  |  |  |  | 2 |  |  |  |  | 3 |
Corporate and Other |  |  |  | – |  |  |  |  | – |  |  |  |  | 1 |
The following table displays a rollforward of the restructuring accruals, presented on our Consolidated Balance Sheet within accrued liabilities, for the years ended December 31, 2011 and 2010.
|  | 2011 |  | 2010
Restructuring accruals – January 1 |  |  | $ | 6 |  |  |  | $ | 33 |
Charges for plans initiated during the year |  |  |  | 3 |  |  |  |  | 2 |
Charges for plans initiated in prior years |  |  |  | 2 |  |  |  |  | 2 |
Cash payments |  |  |  | (7 | ) |  |  |  | (27 | )
Asset write-offs |  |  |  | – |  |  |  |  | (1 | )
Reversal of accruals |  |  |  | – |  |  |  |  | (1 | )
Foreign exchange translation and other |  |  |  | – |  |  |  |  | (2 | )
Restructuring accruals – December 31 |  |  | $ | 4 |  |  |  | $ | 6 |
By accrual type: |  |  |  |  |  |  |  |  |  |
Severance accrual |  |  | $ | 4 |  |  |  | $ | 5 |
Facility carrying and other costs accrual |  |  |  | – |  |  |  |  | 1 |
By segment: |  |  |  |  |  |  |  |  |  |
Industrial Process |  |  | $ | – |  |  |  | $ | – |
Motion Technologies |  |  |  | 1 |  |  |  |  | 4 |
Interconnect Solutions |  |  |  | 3 |  |  |  |  | – |
Control Technologies |  |  |  | – |  |  |  |  | 1 |
Corporate and Other |  |  |  | – |  |  |  |  | 1 |
The following is a rollforward of employee position eliminations associated with restructuring activities for the years ended December 31, 2011 and 2010:
|  | 2011 |  | 2010
Planned reductions – January 1 |  |  |  | 113 |  |  |  |  | 257 |
Additional planned reductions |  |  |  | 52 |  |  |  |  | 75 |
Actual reductions |  |  |  | (136 | ) |  |  |  | (219 | )
Planned reductions – December 31 |  |  |  | 29 |  |  |  |  | 113 |
Strategic Relocation of Manufacturing Operations During the fourth quarter of 2009, we initiated an action within Motion Technologies to relocate certain of our production operations to lower cost regions. This action resulted in $21 of total restructuring charges, primarily related to employee severance costs associated with the total headcount reduction of 175, including 153 factory workers, 18 office workers and 4 management employees. This action was completed during 2010.

X
- 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://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=6394695&loc=d3e140904-122747 Reference 2: 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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 5: 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=6394695&loc=d3e140864-122747 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration