Alcoa 2012 Annual Report Download - page 113
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Activity and reserve balances for restructuring charges were as follows:
Layoff
costs
Other
exit costs Total
Reserve balances at December 31, 2009 $160 $ 66 $ 226
2010:
Cash payments (93) (15) (108)
Restructuring charges 43 53 96
Other* (57) (41) (98)
Reserve balances at December 31, 2010 53 63 116
2011:
Cash payments (45) (9) (54)
Restructuring charges 93 37 130
Other* (24) (34) (58)
Reserve balances at December 31, 2011 77 57 134
2012:
Cash payments (44) (13) (57)
Restructuring charges 47 13 60
Other* (21) (5) (26)
Reserve balances at December 31, 2012 $ 59 $ 52 $ 111
* Other includes reversals of previously recorded restructuring charges and the effects of foreign currency translation.
In 2011, Other for other exit costs also included a reclassification of the following restructuring charges: $18 in
environmental and $17 in asset retirement obligations, as these liabilities are included in Alcoa’s separate reserves
for environmental remediation (see Note N) and asset retirement obligations (see Note C), respectively. In 2010,
Other for other exit costs also included a reclassification of the following restructuring charges: $30 in asset
retirement and $14 in environmental obligations, as these liabilities are included in Alcoa’s separate reserves for
asset retirement obligations and environmental remediation, respectively.
The remaining reserves are expected to be paid in cash during 2013, with the exception of approximately $50 to $55,
which is expected to be paid over the next several years for lease termination costs, special separation benefit
payments, and ongoing site remediation work.
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