Alcoa 2009 Annual Report Download - page 103
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Activity and reserve balances for restructuring charges are as follows (the amounts in the table below include activity
for the EES business because the related reserve balances were not included in liabilities of operations held for sale –
see Note B):
Layoff
costs
Other
exit costs Total
Reserve balances at December 31, 2006 $ 153 $ 40 $ 193
2007:
Cash payments (101) (13) (114)
Restructuring charges 88 22 110
Other* (25) (7) (32)
Reserve balances at December 31, 2007 115 42 157
2008:
Cash payments (91) (19) (110)
Restructuring charges 236 65 301
Other* (9) (11) (20)
Reserve balances at December 31, 2008 251 77 328
2009:
Cash payments (203) (18) (221)
Restructuring charges 186 13 199
Other* (74) (6) (80)
Reserve balances at December 31, 2009 $ 160 $ 66 $ 226
*Other includes reversals of previously recorded restructuring charges. In 2009, Other for layoff costs includes a reduction of
$26 for reserves related to the wire harness and electrical portion of the EES business as Platinum Equity assumed these
obligations (see Note F).
The remaining reserves are expected to be paid in cash during 2010, with the exception of approximately $65 to $70,
which is expected to be paid over the next several years for ongoing site remediation work, special termination benefit
payments, and lease termination costs.
95