The Hartford 2015 Annual Report Download - page 232

Table of Contents THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
19. Restructuring and Other Costs (continued)
F-101
The tables below provide roll-forwards for accrued restructuring and other costs included in other liabilities in the Consolidated Balance
Sheets.
For the year ended December 31, 2015
Severance
Benefits and
Related Costs Professional Fees Asset impairment charges
Contract
Termination and
Other Charges Total Restructuring and Other Costs
Balance, beginning of period $ 10 $ — $ — $ 6 $ 16
Accruals/provisions 6 — 17 (3) 20
Payments/write-offs (11) — (17)(3) (31)
Balance, end of period $ 5 $ — $ — $ — $ 5
For the year ended December 31, 2014
Severance
Benefits and
Related Costs Professional Fees Asset impairment charges
Contract
Termination and
Other Charges Total Restructuring and Other Costs
Balance, beginning of period $ 22 $ — $ — $ 6 $ 28
Accruals/provisions 16 — 43 12 71
Payments/write-offs (28) — (43)(12) (83)
Balance, end of period $ 10 $ — $ — $ 6 $ 16
20. Quarterly Results (Unaudited)
Three months ended
March 31, June 30, September 30, December 31,
2015 2014 2015 2014 2015 2014 2015 2014
Revenues $ 4,617 $ 4,612 $ 4,685 $ 4,616 $ 4,562 $ 4,769 $ 4,513 $ 4,617
Benefits, losses and expenses 3,992 4,003 4,215 4,466 4,183 4,273 4,009 4,173
Income from continuing operations, net of tax 467 466 413 150 372 388 421 345
Income (loss) from discontinued operations, net of tax — 29 — (617) 9 — — 37
Net income (loss) 467 495 413 (467) 381 388 421 382
Basic earnings (losses) per common share $ 1.11 $ 1.10 $ 0.99 $ (1.04) $ 0.92 $ 0.89 $ 1.03 $ 0.89
Diluted earnings (losses) per common share $ 1.08 $ 1.03 $ 0.96 $ (1.00) $ 0.90 $ 0.86 $ 1.01 $ 0.86
Weighted average common shares outstanding, basic 422.6 449.8 418.7 450.6 413.8 437.2 406.9 429.6
Weighted average shares outstanding and dilutive potential
common shares 433.7 478.6 428.1 467.9 423.0 450.8 415.9 442.6