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Company Transformation (Tables) | 12 Months Ended
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Dec. 31, 2011
Company Transformation [Abstract] |
Components of Transformation Costs |
|  | Continuing Operations |  | Discontinued Operations |  | Total
Loss on extinguishment of debt (see Note 16) |  |  | $ | 297 |  |  |  | $ | – |  |  |  | $ | 297 |
Advisory fees |  |  |  | – |  |  |  |  | 139 |  |  |  |  | 139 |
Non-cash asset impairment(a) |  |  |  | 57 |  |  |  |  | 8 |  |  |  |  | 65 |
IT costs |  |  |  | – |  |  |  |  | 46 |  |  |  |  | 46 |
Employee retention and other compensation costs(b) |  |  |  | 37 |  |  |  |  | 20 |  |  |  |  | 57 |
Lease termination and other real estate costs |  |  |  | 4 |  |  |  |  | 10 |  |  |  |  | 14 |
Other costs |  |  |  | 1 |  |  |  |  | 17 |  |  |  |  | 18 |
Transformation costs before income tax expense |  |  |  | 396 |  |  |  |  | 240 |  |  |  |  | 636 |
Tax-related separation costs |  |  |  | 4 |  |  |  |  | 7 |  |  |  |  | 11 |
Tax benefit |  |  |  | (143 | ) |  |  |  | (74 | ) |  |  |  | (217 | )
Total transformation costs, net of tax benefit |  |  | $ | 257 |  |  |  | $ | 173 |  |  |  | $ | 430 |
(a) | Includes a $55 million non-cash impairment charge related to a decision to discontinue development of an information technology consolidation initiative.
(b) | Includes $17 of compensation costs recognized within continuing operations in connection with the retirement of Steven R. Loranger, our former Chairman, President and Chief Executive Officer in October 2011.
Roll Forward of Transformational Accrual | The table included below provides a rollforward of the accrual for Transformation costs for the year ended 2011.
Transformation accrual – January 1 |  |  | $ | 2 |
Charges for actions during the period: |  |  |  |  |
Continuing operations |  |  |  | 396 |
Discontinued operations |  |  |  | 240 |
Cash payments |  |  |  | (559 | )
Asset impairment and other non-cash charges, net |  |  |  | (45 | )
Transformation accrual – December 31 |  |  | $ | 34 |

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