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ASSET IMPAIRMENTS AND RESTRUCTURING | 12 Months Ended
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Dec. 31, 2018
Restructuring Costs and Asset Impairment Charges [Abstract] |
ASSET IMPAIRMENTS AND RESTRUCTURING | ASSET IMPAIRMENTS AND RESTRUCTURING CHARGES, NET Components of asset impairments and restructuring charges, net, are presented below:
| For years ended December 31,
(Dollars in millions) | 2018 |  | 2017 |  | 2016
Asset impairments | $ | — |  |  | $ | 1 |  |  | $ | 12 |
Gain on sale of assets, net | — |  |  | — |  |  | (2 | )
Intangible asset and goodwill impairments | 39 |  |  | — |  |  | — |
Severance charges | 6 |  |  | 6 |  |  | 32 |
Site closure and restructuring charges | — |  |  | 1 |  |  | 3 |
Total | $ | 45 |  |  | $ | 8 |  |  | $ | 45 |
2018 In 2018 asset impairments and restructuring charges, net consisted of restructuring charges of approximately $6 million for severance. As a result of the annual impairment test of goodwill, the Company recognized a $38 million goodwill impairment in the crop protection reporting unit (part of the AFP segment). Additionally, the Company recognized an intangible asset impairment of $1 million in the Advanced Materials ("AM") segment. 2017 In 2017 asset impairments and restructuring charges, net were $3 million of asset impairment and restructuring charges, including severance, in the AFP segment related to the closure of a facility in China and restructuring charges of approximately $5 million for severance. 2016 The Company impaired a capital project in the AFP segment that resulted in a charge of $12 million and recognized a gain of $2 million in the AFP segment for the sale of previously impaired assets at the Crystex™ insoluble sulfur research and development ("R&D") site in France. The Company recognized restructuring charges of $35 million, primarily for severance, related to an announced plan to reduce costs primarily in 2017. Reconciliations of the beginning and ending restructuring liability amounts are as follows:
(Dollars in millions) | Balance at January 1, 2018 |  | Provision/ Adjustments |  | Non-cash Reductions/ Additions |  | Cash Reductions |  | Balance at December 31, 2018
Non-cash charges | $ | — |  |  | $ | 39 |  |  | $ | (39 | ) |  | $ | — |  |  | $ | — |
Severance costs | 19 |  |  | 6 |  |  | 1 |  |  | (20 | ) |  | 6 |
Site closure & restructuring costs | 10 |  |  | — |  |  | — |  |  | (2 | ) |  | 8 |
Total | $ | 29 |  |  | $ | 45 |  |  | $ | (38 | ) |  | $ | (22 | ) |  | $ | 14 |
(Dollars in millions) | Balance at January 1, 2017 |  | Provision/ Adjustments |  | Non-cash Reductions/ Additions |  | Cash Reductions |  | Balance at December 31, 2017
Non-cash charges | $ | — |  |  | $ | 1 |  |  | $ | (1 | ) |  | $ | — |  |  | $ | — |
Severance costs | 42 |  |  | 6 |  |  | — |  |  | (29 | ) |  | 19 |
Site closure & restructuring costs | 13 |  |  | 1 |  |  | 1 |  |  | (5 | ) |  | 10 |
Total | $ | 55 |  |  | $ | 8 |  |  | $ | — |  |  | $ | (34 | ) |  | $ | 29 |
(Dollars in millions) | Balance at January 1, 2016 |  | Provision/ Adjustments |  | Non-cash Reductions/ Additions |  | Cash Reductions |  | Balance at December 31, 2016
Non-cash charges | $ | — |  |  | $ | 12 |  |  | $ | (12 | ) |  | $ | — |  |  | $ | — |
Severance costs | 55 |  |  | 32 |  |  | — |  |  | (45 | ) |  | 42 |
Site closure & restructuring costs | 11 |  |  | 1 |  |  | 4 |  |  | (3 | ) |  | 13 |
Total | $ | 66 |  |  | $ | 45 |  |  | $ | (8 | ) |  | $ | (48 | ) |  | $ | 55 |
Substantially all costs remaining for severance are expected to be applied to the reserves within one year.

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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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