Restructuring Accruals

3 Months Ended

Mar. 31, 2015

5. Restructuring Accruals

Selected information related to the restructuring accruals for the three months ended March 31, 2015 and 2014 is as follows:

	European Asset Optimization			Asia Pacific Restructuring			Other Restructuring Actions			Total Restructuring

Balance at January 1, 2015	$	12		$	12		$	36		$	60
Net cash paid, principally severance and related benefits				(1		)	(9		)	(10		)
Other, including foreign exchange translation	(1		)	(1		)	(2		)	(4		)
Balance at March 31, 2015	$	11		$	10		$	25		$	46

Balance at January 1, 2014	$	30		$	20		$	64		$	114
Net cash paid, principally severance and related benefits	(2		)	(4		)	(15		)	(21		)
Other, including foreign exchange translation	(1		)	(4		)	(3		)	(8		)
Balance at March 31, 2014	$	27		$	12		$	46		$	85

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, which was not material, as Level 3 in the fair value hierarchy as set forth in the general accounting principles for fair value measurements.

- 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.

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