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TRANSACTION AND REORGANIZATION EXPENSES
12 Months Ended
Dec. 31, 2017
Restructuring and Related Activities [Abstract]  
TRANSACTION AND REORGANIZATION EXPENSES
Transaction and Integration Expenses

In connection with the acquisition of Novae, the Company incurred transaction and integration related expenses for the year ended December 31, 2017 of $27 million compared to $nil for the years ended December 31, 2016 and 2015, respectively. The transaction and integration related expenses included due diligence, legal, accounting, investment banking fees and expenses, as well as integration expenses related to the integration of Novae into the Company's operations and compensation-related costs associated with the termination of certain employees. These expenses are included in transaction and reorganization expenses in the Consolidated Statement of Operations (see Note 3 'Business Combinations').

Reorganization Expenses

During 2015, the Company implemented a number of profitability enhancement initiatives which resulted in the recognition of reorganization and related expenses including staff severance and related costs, the write-off of certain information technology assets, lease cancellation costs and an impairment of certain customer-based intangibles following the decision to wind down the Company's Australian retail insurance operations. Reorganization and related expenses amounted to $nil for the years ended December 31, 2017 and 2016 and $46 million for the year ended December 31, 2015. In addition, the Company incurred corporate expenses associated with these profitability enhancement initiatives of $nil for the years ended December 31, 2017 and 2016 and $5 million for the year ended December 31, 2015 (see Note 5 'Goodwill and Intangible Assets').