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Restructuring and Other | 9 Months Ended
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Sep. 30, 2016
Restructuring Reserve [Abstract] |
Restructuring and Other | Restructuring and Other The Company recorded restructuring and other charges as follows:
| Three Months Ended |  | Nine Months Ended
| September 30 |  | September 30
| 2016 |  | 2015 |  | 2016 |  | 2015
Asset impairments and sales | $ | 4 |  |  | $ | 14 |  |  | $ | (3 | ) |  | $ | 15 |
Restructuring | 7 |  |  | 20 |  |  | 10 |  |  | 21 |
Transaction costs | — |  |  | — |  |  | — |  |  | 15 |
Other costs | 9 |  |  | 6 |  |  | 12 |  |  | 6 |
| $ | 20 |  |  | $ | 40 |  |  | $ | 19 |  |  | $ | 57 |
For the three and nine months ended September 30, 2016, the Company recorded charges of $3 to write down the carrying value of fixed assets and $3 for termination benefits related to the announced closure of a beverage plant in the Company's Asia Pacific segment. The Company announced plans to close the plant in an effort to reduce cost by consolidating manufacturing processes in China. For the three and nine months ended September 30, 2016, other costs primarily relate to pension settlement charges. A summary of the outstanding accrual balances associated with current and prior restructuring actions is provided below. 2015 European Division Actions Through September 30, 2016, the Company incurred charges of $17 re lated 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 early 2017. The Company expects to incur $3 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 |
Payments | (3 | ) |  | — |  |  | (3 | )
Foreign currency translation | (1 | ) |  | — |  |  | (1 | )
Balance at September 30, 2016 | $ | 13 |  |  | $ | — |  |  | $ | 13 |
Other Actions At September 30, 2016, the Company also had a restructuring accrual of $13 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 accrual also included $3 related to the announced closure of a beverage plant in the Company's Asia Pacific segment as discussed above. 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.

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- 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=27011515&loc=d3e140904-122747 Reference 2: 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=27011515&loc=d3e140864-122747 Reference 3: 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 + Details
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