Alcoa 2013 Annual Report Download - page 122
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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, 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
2013:
Cash payments (63) (11) (74)
Restructuring charges 201 85 286
Other* (101) (84) (185)
Reserve balances at December 31, 2013 $ 96 $ 42 $ 138
* Other includes reversals of previously recorded restructuring charges and the effects of foreign currency translation.
In 2013, Other for layoff costs also included a reclassification of $92 in pension costs, as this obligation was
included in Alcoa’s separate liability for pension obligations (see Note W). Also in 2013, Other for other exit costs
also included a reclassification of the following restructuring charges: $58 in asset retirement and $12 in
environmental obligations, as these liabilities were included in Alcoa’s separate reserves for asset retirement
obligations (see Note C) and environmental remediation (see Note N), respectively. 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 were included in Alcoa’s separate reserves for environmental remediation
and asset retirement obligations, respectively.
The remaining reserves are expected to be paid in cash during 2014, with the exception of approximately $30 to $35,
which is expected to be paid over the next several years for lease termination costs, ongoing site remediation work, and
special separation benefit payments.
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