Quarterly report pursuant to Section 13 or 15(d)

Restructuring and Other Charges

v3.8.0.1
Restructuring and Other Charges
 9 Months Ended
Sep. 30, 2017
Restructuring Costs and Asset Impairment Charges [Abstract]  
Restructuring and Other Charges [Text Block]
Note 7: Restructuring and Other Charges
 
 
Three Months Ended
 
Nine Months Ended
(In Millions)
 
Sep 30,
2017
 
Oct 1,
2016
 
Sep 30,
2017
 
Oct 1,
2016
2016 Restructuring Program
 
$
2

 
$
349

 
$
(51
)
 
$
1,763

Other charges
 
2

 
23

 
240

 
23

Total restructuring and other charges
 
$
4

 
$
372

 
$
189

 
$
1,786


2016 Restructuring Program
In the second quarter of 2017, we substantially completed the 2016 Restructuring Program. For further information, see "Note 7: Restructuring and Other Charges" in Part II, Item 8 of our 2016 Form 10-K.
Restructuring and other charges by type for the 2016 Restructuring Program for the period were as follows:
 
 
Three Months Ended
 
Nine Months Ended
(In Millions)
 
Sep 30,
2017
 
Oct 1,
2016
 
Sep 30,
2017
 
Oct 1,
2016
Employee severance and benefit arrangements
 
$
(2
)
 
$
338

 
$
(72
)
 
$
1,752

Pension settlement charges
 
—

 
10

 
—

 
10

Asset impairment and other charges
 
4

 
1

 
21

 
1

Total restructuring and other charges
 
$
2

 
$
349

 
$
(51
)
 
$
1,763


Restructuring and other activity for the 2016 Restructuring Program for the first nine months of 2017 was as follows:
(In Millions)
 
Employee Severance and Benefits
 
Asset Impairments and Other
 
Total
Accrued restructuring balance as of December 31, 2016
 
$
585

 
$
10

 
$
595

Additional accruals
 
—

 
21

 
21

Adjustments
 
(72
)
 
—

 
(72
)
Cash payments
 
(282
)
 
(25
)
 
(307
)
Non-cash settlements
 
—

 
(2
)
 
(2
)
Accrued restructuring balance as of September 30, 2017
 
$
231

 
$
4

 
$
235


A substantial majority of the accrued restructuring balance as of September 30, 2017 is expected to be paid within the next 12 months and was recorded within accrued compensation and benefits. Restructuring actions related to this program that were approved in 2016 impacted approximately 15,000 employees.
Other charges
 
 
Three Months Ended
 
Nine Months Ended
(In Millions)
 
Sep 30,
2017
 
Oct 1,
2016
 
Sep 30,
2017
 
Oct 1,
2016
ISecG separation costs
 
$
1

 
$
23

 
$
144

 
$
23

Other
 
1

 
—

 
96

 
—

Total other charges
 
$
2

 
$
23

 
$
240

 
$
23