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E. I. du Pont de Nemours and Company
Notes to the Consolidated Financial Statements (continued)
(Dollars in millions, except per share)
F-61
Additional Segment Details
2015 included the following significant pre-tax benefits (charges) which are excluded from segment operating earnings:
Agriculture1,2,5 $ 148
Electronics & Communications1,5 (78)
Industrial Biosciences1,5 (52)
Nutrition & Health1,5 (50)
Performance Materials1,5 (62)
Safety & Protection1,3,5 96
Other1,4,5 (40)
$ (38)
1. Included a $10 net restructuring benefit recorded in employee separation/asset related charges, net, associated with the 2014 restructuring program. These
adjustments were primarily due to the identification of additional projects in certain segments, offset by lower than estimated individual severance costs and
workforce reductions achieved through non-severance programs. The net reduction related to segments as follows: Agriculture - $(3), Electronics &
Communications - $15, Industrial Biosciences - $(1), Nutrition & Health - $(3), Performance Materials - $(1), Safety & Protection $4 and Other - $(1). See
Note 4 for additional information.
2. Included $182 of net insurance recoveries recorded in other operating charges for recovery of costs for customer claims related to the use of the Imprelis®
herbicide. Included a benefit of $130 in other operating charges for reduction in the accrual for customer claims related to the use of the Imprelis® herbicide.
At December 31, 2015, the company had an accrual balance of $41 which represents the company’s best estimate associated with resolving the remaining
claims for this matter. See Note 16 for additional information.
3. Included a gain of $145, net of legal expenses, recorded in other income, net related to the company's settlement of a legal claim.
4. Included a $(37) pre-tax impairment charge recorded in employee separation / asset related charges, net for a cost basis investment. See Note 4 for additional
information.
5. Included a $(468) restructuring charge consisting of $(463) recorded in employee separation/asset related charges, net and $(5) recorded in other income,
net associated with structural actions across all businesses and staff functions globally to operate more efficiently by further consolidating businesses and
aligning staff functions more closely with the businesses. The charge included $(351) of severance and related benefit costs, $(103) of asset related charges,
and $(14) of contract termination costs. Pre-tax charges by segment are: Agriculture - $(161), Electronics & Communications - $(93), Industrial Biosciences
- $(51), Nutrition & Health - $(47), Performance Materials - $(61), Safety & Protection - $(53), and Other - $(2).
2014 included the following significant pre-tax benefits (charges) which are excluded from segment operating earnings:
Agriculture1,2,3 $ 316
Electronics & Communications1(84)
Industrial Biosciences1(13)
Nutrition & Health1(15)
Performance Materials1,4 292
Safety & Protection1(52)
Other1(10)
$ 434
1. Included a $(407) restructuring charge associated with the 2014 restructuring program consisting of $(342) recorded in employee separation / asset related
charges, net and $(65) recorded in other income, net. The pre-tax charges by segment were: Agriculture - $(134), Electronics & Communications - $(84),
Industrial Biosciences - $(13), Nutrition & Health - $(15), Performance Materials - $(99), Safety & Protection - $(52); and Other - $(10). See Note 4 for
additional information.
2. Included income of $210 for insurance recoveries, recorded in other operating charges associated with the company's process to fairly resolve claims related
to the use of Imprelis®. See Note 16 for additional information.
3. Included a gain of $240 recorded in other income, net associated with the sale of the copper fungicide and land management businesses, both within the
Agriculture segment.
4. Included a gain of $391 recorded in other income, net associated with the sale of Glass Laminating Solutions / Vinyls. See Note 3 for additional information.