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Employee Separation / Asset Related Charges, Net | 3 Months Ended
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Mar. 31, 2016
Restructuring Charges [Abstract] |
Employee Separation / Asset Related Charges, Net | Employee Separation / Asset Related Charges, Net La Porte Plant, La Porte, Texas In March 2016, DuPont announced its decision to not re-start the Agriculture segment’s insecticide manufacturing facility at the La Porte site located in La Porte, Texas. The facility manufactures Lannate® and Vydate® insecticides and has been shut down since November 2014. As a result of this decision, during the three months ended March 31, 2016, a pre-tax charge of $75 was recorded in employee separation / asset related charges, net which included $41 of asset related charges, $18 of contract termination costs, and $16 of employee severance and related benefit costs. 2016 Global Cost Savings and Restructuring Plan At March 31, 2016, total liabilities related to the program were $504. A complete discussion of restructuring initiatives is included in the company's 2015 Annual Report in Note 4, "Employee Separation / Asset Related Charges, Net." Account balances and activity for the restructuring program are summarized below:
| Severance and Related Benefit Costs | Asset Related Charges | Other Non-Personnel Charges 1 | Total
Balance at December 31, 2015 | $ | 648 |  | $ | — |  | $ | 32 |  | $ | 680 |
Payments | (124 | ) | — |  | (20 | ) | (144 | )
Net translation adjustment | 3 |  | — |  | — |  | 3 |
Other adjustments | (44 | ) | 37 |  | 9 |  | 2 |
Asset write-offs | — |  | (37 | ) | — |  | (37 | )
Balance as of March 31, 2016 | $ | 483 |  | $ | — |  | $ | 21 |  | $ | 504 |
1. | Other non-personnel charges consist of contractual obligation costs.
During the three months ended March 31, 2016, a net charge of $2 was recorded associated with the 2016 global cost savings and restructuring plan in employee separation / asset related charges, net in the company's interim Consolidated Income Statements. This was primarily due to the identification of additional projects in certain segments, offset by lower than estimated workforce reductions achieved through non-severance programs. The net charge related to the segments for the three months ended March 31, 2016 as follows: Agriculture - $21, Electronics & Communications - $(7), Industrial Biosciences - $(1), Nutrition & Health - $(1), Performance Materials - $4, Protection Solutions - $(3), Other - $3, as well as Corporate expenses $(14). 2014 Restructuring Program At March 31, 2016, total liabilities related to the 2014 restructuring program were $55. A complete discussion of restructuring initiatives is included in the company's 2015 Annual Report in Note 4, "Employee Separation / Asset Related Charges, Net." Account balances and activity related to the 2014 restructuring program are summarized below:
| Severance and Related Benefit Costs | Other Non-Personnel Charges 1 | Total
Balance at December 31, 2015 | $ | 76 |  | $ | 2 |  | $ | 78 |
Payments | (23 | ) | — |  | (23 | )
Balance as of March 31, 2016 | $ | 53 |  | $ | 2 |  | $ | 55 |
1. | Other non-personnel charges consist of contractual obligation costs.
Cost Basis Investment Impairment During the first quarter 2015, a $38 pre-tax impairment charge was recorded in employee separation / asset related charges, net within the Other segment. The majority related to a cost basis investment in which the assessment resulted from the venture's revised operating plan reflecting underperformance of its European wheat based ethanol facility and deteriorating European ethanol market conditions. As a result, the carrying value of DuPont's 6 percent cost basis investment in this venture exceeded its fair value by $37, such that an impairment charge was recorded.

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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 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 + Details
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- References No definition available. + Details
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