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Restructuring and Asset Related Charges | 6 Months Ended
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Jun. 30, 2018
Restructuring and Related Activities [Abstract] |
Restructuring and Related Activities Disclosure [Text Block] | RESTRUCTURING AND ASSET RELATED CHARGES - NET DowDuPont Cost Synergy Program In September and November 2017, DowDuPont and the company approved post-merger restructuring actions under the DowDuPont Cost Synergy Program (the “Synergy Program”), adopted by the DowDuPont Board of Directors. The Synergy Program is designed to integrate and optimize the organization following the Merger and in preparation for the Intended Business Separations. Based on all actions approved to date under the Synergy Program, DuPont expects to record total pre-tax restructuring charges of $430 million to $600 million, comprised of approximately $320 million to $360 million of severance and related benefits costs; $110 million to $140 million of costs related to contract terminations; and up to $100 million of asset related charges. The Synergy Program includes certain asset actions that are reflected in the preliminary fair value measurement of DuPont’s assets as of the Merger Effectiveness Time. Current estimated total pre-tax restructuring charges could be impacted by future adjustments to the preliminary fair value of DuPont’s assets. As a result of these actions, the company recorded pre-tax restructuring charges of $187 million for the period September 1 through December 31, 2017, consisting of severance and related benefit costs of $153 million, contract termination costs of $31 million and asset related charges of $3 million. For the three and six months ended June 30, 2018, the company recorded pre-tax charges of $94 million and $191 million, respectively, recognized in restructuring and asset related charges - net in the company's interim Consolidated Income Statements. The charge for the three months ended June 30, 2018 is comprised of severance and related benefit costs of $84 million, contract termination costs of $4 million and asset-related charges of $6 million. The charge for the six months ended June 30, 2018, is comprised of severance and related benefit costs of $152 million, contract termination costs of $33 million and asset-related charges of $6 million. Substantially all of the remaining restructuring charges are expected to be incurred in 2018 and the related actions, including employee separations, associated with this plan are expected to be substantially complete by the end of 2019. DuPont account balances and activity for the Synergy Program are summarized below:
(In millions) | Severance and Related Benefit Costs | Contract Termination Charges | Asset-Related Charges | Total
Balance at December 31, 2017 | $ | 133 |  | $ | 28 |  | $ | — |  | $ | 161 |
Charges to income from continuing operations for the six months ended June 30, 2018 | 152 |  | 33 |  | 6 |  | 191 |
Payments | (57 | ) | (28 | ) | — |  | (85 | )
Net translation adjustment | (2 | ) | — |  | — |  | (2 | )
Asset write-offs | — |  | — |  | (6 | ) | (6 | )
Balance at June 30, 2018 | $ | 226 |  | $ | 33 |  | $ | — |  | $ | 259 |
2017 Restructuring Program At June 30, 2018, total liabilities related to the program were $10 million. The actions associated with this plan were substantially complete in 2017. A complete discussion of restructuring initiatives is included in the company's 2017 Annual Report in Note 5, "Restructuring and Asset Related Charges - Net." The company incurred pre-tax charges of $160 million and $312 million for the three and six months ended June 30, 2017, respectively, recognized in restructuring and asset related charges - net in the company's interim Consolidated Income Statements. The charge for the three months ended June 30, 2017 is comprised of $160 million of asset related charges. The charge for the six months ended June 30, 2017 is comprised of $279 million of asset-related charges and $33 million in severance and related benefit costs. The asset related charges mainly consist of accelerated depreciation associated with the closure of the safety and construction product line at the Cooper River manufacturing site located near Charleston, South Carolina.

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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 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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