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Restructuring Accruals | 9 Months Ended
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Sep. 30, 2013
Restructuring Accruals |
Restructuring Accruals | 4. Restructuring Accruals Selected information related to the restructuring accruals for the three months ended September 30, 2013 and 2012 is as follows:
|  | European Asset Optimization |  | Asia Pacific Restructuring |  | Other Restructuring Actions |  | Total Restructuring |
Balance at July 1, 2013 |  | $ | 31 |  | $ | 3 |  | $ | 49 |  | $ | 83 |
Net cash paid, principally severance and related benefits |  | (5 | ) |  |  | (2 | ) | (7 | )
Other, including foreign exchange translation |  | 1 |  | (1 | ) | (4 | ) | (4 | )
Balance at September 30, 2013 |  | $ | 27 |  | $ | 2 |  | $ | 43 |  | $ | 72 |
|  | European Asset Optimization |  | Asia Pacific Restructuring |  | Other Restructuring Actions |  | Total Restructuring |
Balance at July 1, 2012 |  | $ | 2 |  | $ | 3 |  | $ | 51 |  | $ | 56 |
Charges |  | 9 |  | 27 |  | (3 | ) | 33 |
Write-down of assets to net realizable value |  | (2 | ) | (14 | ) |  |  | (16 | )
Net cash paid, principally severance and related benefits |  |  |  |  |  | (7 | ) | (7 | )
Other, including foreign exchange translation |  |  |  |  |  | 4 |  | 4 |
Balance at September 30, 2012 |  | $ | 9 |  | $ | 16 |  | $ | 45 |  | $ | 70 |
Selected information related to the restructuring accruals for the nine months ended September 30, 2013 and 2012 is as follows:
|  | European Asset Optimization |  | Asia Pacific Restructuring |  | Other Restructuring Actions |  | Total Restructuring |
Balance at January 1, 2013 |  | $ | 53 |  | $ | 6 |  | $ | 64 |  | $ | 123 |
Charges |  | 7 |  | 2 |  | 1 |  | 10 |
Write-down of assets to net realizable value |  | (2 | ) |  |  |  |  | (2 | )
Net cash paid, principally severance and related benefits |  | (32 | ) | (5 | ) | (17 | ) | (54 | )
Other, including foreign exchange translation |  | 1 |  | (1 | ) | (5 | ) | (5 | )
Balance at September 30, 2013 |  | $ | 27 |  | $ | 2 |  | $ | 43 |  | $ | 72 |
|  | European Asset Optimization |  | Asia Pacific Restructuring |  | Other Restructuring Actions |  | Total Restructuring |
Balance at January 1, 2012 |  | $ | 12 |  | $ | 17 |  | $ | 74 |  | $ | 103 |
Charges |  | 10 |  | 26 |  | (3 | ) | 33 |
Write-down of assets to net realizable value |  | (2 | ) | (14 | ) | (2 | ) | (18 | )
Net cash paid, principally severance and related benefits |  | (12 | ) | (13 | ) | (22 | ) | (47 | )
Other, including foreign exchange translation |  | 1 |  |  |  | (2 | ) | (1 | )
Balance at September 30, 2012 |  | $ | 9 |  | $ | 16 |  | $ | 45 |  | $ | 70 |
The Company’s decisions to curtail selected production capacity have resulted in write downs of certain long-lived assets to the extent their carrying amounts exceeded fair value or fair value less cost to sell. The Company classified the significant assumptions used to determine the fair value of the impaired assets as Level 3 in the fair value hierarchy as set forth in the general accounting principles for fair value measurements. European Asset Optimization During the nine months ended September 30, 2013, the Company recorded charges of $7 million related to the European Asset Optimization program. These charges represented additional employee costs that the Company was required to record for the furnace closures announced during the fourth quarter of 2012. During the three months ended September 30, 2012, the Company recorded charges of $9 million for employee costs and asset impairments related to the closure of a furnace in Europe. Asia Pacific Restructuring During the three months ended September 30, 2012, the Company recorded charges of $27 million for employee costs and asset impairments related to the closure of a furnace in Asia Pacific.

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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 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 3: 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 4: 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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