Restructuring and Other

6 Months Ended

Jun. 30, 2016

The Company recorded restructuring and other charges as follows:



	Three Months Ended						Six Months Ended
	June 30						June 30
	2016			2015			2016			2015
Asset impairments and sales	$	(5	)	$	(5	)	$	(7	)	$	1
Restructuring	2			1			3			1
Transaction costs	—			1			—			15
Other costs	—			—			3			—
	$	(3	)	$	(3	)	$	(1	)	$	17

A summary of the outstanding accrual balances associated with current and prior restructuring actions is provided below.

2015 European Division Actions

Through June 30, 2016, the Company incurred charges of $17 related to the closure of two facilities in its European Food segment. The closures are expected to reduce cost by eliminating excess capacity and consolidating manufacturing processes.

The facility closures are expected to result in the reduction of approximately 280 employees when completed in 2016. The Company expects to incur $12 of future charges related to these actions.

The table below summarizes the restructuring accrual balances and utilization by cost type for these actions.



	Termination benefits			Other exit costs		Total
Balance at January 1, 2016	$	17		$	—	$	17
Provision	—			—		—
Payments	(1		)	—		(1		)
Foreign currency translation	(1		)	—		(1		)
Balance at June 30, 2016	$	15		$	—	$	15

Other Actions

At June 30, 2016 , the Company also had a restructuring accrual of $11 primarily related to prior actions to reduce manufacturing capacity and headcount in its European Aerosol and Specialty Packaging businesses. The Company expects to pay the liability through 2024 as certain employees have elected to receive payment as a fixed monthly sum over future years. The Company continues to review its supply and demand profile and long-term plans in its businesses, and it is possible that the Company may record additional restructuring charges in the future.