Alcoa 2011 Annual Report Download - page 108
Download and view the complete annual report
Please find page 108 of the 2011 Alcoa annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
 |
 |
Activity and reserve balances for restructuring charges were as follows:
Layoff
costs
Other
exit costs Total
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
2011:
Cash payments (45) (9) (54)
Restructuring charges 93 37 130
Other* (24) (34) (58)
Reserve balances at December 31, 2011 $ 77 $ 57 $ 134
* 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 (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 2012, with the exception of approximately $45 to $50,
which is expected to be paid over the next several years for lease termination costs, ongoing site remediation work, and
special termination benefit payments.
98