Alcoa 2010 Annual Report Download - page 103
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Alcoa does not include Restructuring and other charges in the results of its reportable segments. The pretax impact of
allocating such charges to segment results would have been as follows:
2010 2009 2008
Alumina $12$5$89
Primary Metals 145 30 94
Flat-Rolled Products (11) 65 273
Engineered Products and Solutions 18 64 104
Packaging and Consumer - - 45
Segment total 164 164 605
Corporate 43 73 334
Total restructuring and other charges $207 $237 $939
Activity and reserve balances for restructuring charges were as follows:
Layoff
costs
Other
exit costs Total
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
2010:
Cash payments (93) (15) (108)
Restructuring charges 43 53 96
Other* (57) (41) (98)
Reserve balances at December 31, 2010 $ 53 $ 63 $ 116
* Other includes reversals of previously recorded restructuring charges and the effects of foreign currency translation.
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 (see Note C) and environmental remediation (see Note N), respectively. In 2009, Other
for layoff costs also included 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 2011, with the exception of approximately $60 to $65,
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