DuPont 2008 Annual Report Download - page 71

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approximately 1,700 positions. Restructuring charges resulting from the plan totaled $135, including $123 related to
severance payments primarily in Europe and the U.S. for approximately 1,300 employees involved in manufacturing,
marketing, administrative and technical activities. In connection with this program, a $12 charge was also recorded
related to exit costs of non-strategic assets. As of December 31, 2008, all positions identified as a part of the
company’s 2006 program have been separated from the company. This consisted of 1,200 separations and 450
individuals redeployed. Cash payments related to these separations were approximately $27 in 2008, $52 in 2007
and $28 in 2006.
Account balances and activity for the 2006 restructuring programs are summarized below:
Write-
down of
Assets
Employee
Separation
Costs Total
Net charges to income in 2006 $ 142 $184 $ 326
Charges to accounts
Employee separation payments -(32) (32)
Asset write-offs (142) - (142)
Balance at December 31, 2006 $- $152 $ 152
Employee separation payments -(77) (77)
Net charges (credits) to income 5(5) -
Asset write-offs (5) - (5)
Balance at December 31, 2007 $- $70 $ 70
Employee separation payments -(47) (47)
Net charges (credits) to income -(9) (9)
Other -(3) (3)
Balance at December 31, 2008 $- $11 $ 11
F-15
E. I. du Pont de Nemours and Company
Notes to the Consolidated Financial Statements (continued)
(Dollars in millions, except per share)