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RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS (Tables)

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RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2014
Dec. 31, 2013
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS    
Accrued restructuring costs by type of cost and initiative

As of March 31, 2014 and December 31, 2013, accrued restructuring costs by type of cost and initiative consisted of the following (dollars in millions):

 
   Workforce
reductions(1)		   Demolition and
decommissioning		   Non-cancelable
lease and
contract
termination
costs		   Other
restructuring
costs		   Total(2)  

Accrued liabilities as of January 1, 2014

   $ 52   $ —   $ 60   $ 1   $ 113  

2014 charges for 2013 and prior initiatives

     33     2     4     2     41  

Reversal of reserves no longer required

     (4 )   —     —     —     (4 )

2014 payments for 2013 and prior initiatives

     (17 )   (2 )   (3 )   (2 )   (24 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Accrued liabilities as of March 31, 2014

   $ 64   $ —   $ 61   $ 1   $ 126  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
(1)
The workforce reduction reserves relate to the termination of 483 positions, of which 415 positions had not been terminated as of March 31, 2014.

(2)
Accrued liabilities by initiatives were as follows (dollars in millions):

 
   March 31,
2014		   December 31,
2013		  

2012 and prior initiatives

   $ 83   $ 95  

2013 initiatives

     43     18  
           
​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 126   $ 113  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           

As of December 31, 2013, 2012 and 2011, accrued restructuring, impairment and plant closing costs by type of cost and initiative consisted of the following (dollars in millions):

 
   Workforce
reductions(1)		   Demolition and
decommissioning		   Non-cancelable
contract costs		   Other
restructuring
costs		   Total(2)  

Accrued liabilities as of January 1, 2011

   $ 36   $ 1   $ 7   $ 5   $ 49  

2011 charges for 2010 and prior initiatives

     4     2     10     7     23  

2011 charges for 2011 initiatives

     87     —     1     1     89  

Reversal of reserves no longer required

     (5 )   —     —     —     (5 )

2011 payments for 2010 and prior initiatives

     (26 )   (3 )   (1 )   (8 )   (38 )

2011 payments for 2011 initiatives

     (13 )   —     —     (1 )   (14 )

Net activity of discontinued operations

     —     —     —     (2 )   (2 )

Foreign currency effect on liability balance

     (10 )   —     —     —     (10 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Accrued liabilities as of December 31, 2011

     73     —     17     2     92  

2012 charges for 2011 and prior initiatives

     9     5     —     10     24  

2012 charges for 2012 initiatives

     64     —     —     5     69  

Reversal of reserves no longer required

     (15 )   —     —     (1 )   (16 )

2012 payments for 2011 and prior initiatives

     (31 )   (6 )   (2 )   (11 )   (50 )

2012 payments for 2012 initiatives

     (12 )   —     —     (6 )   (18 )

Foreign currency effect on liability balance

     2     1     —     1     4  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Accrued liabilities as of December 31, 2012

     90     —     15     —     105  

2013 charges for 2012 and prior initiatives

     32     16     53     20     121  

2013 charges for 2013 initiatives

     28     —     —     8     36  

Reversal of reserves no longer required

     (22 )   —     (4 )   —     (26 )

2013 payments for 2012 and prior initiatives

     (66 )   (16 )   (3 )   (19 )   (104 )

2013 payments for 2013 initiatives

     (10 )   —     —     (8 )   (18 )

Net activity of discontinued operations

     —     —     (3 )   —     (3 )

Foreign currency effect on liability balance

     —     —     2     —     2  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Accrued liabilities as of December 31, 2013

   $ 52   $ —   $ 60   $ 1   $ 113  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
(1)
The total workforce reduction reserves of $52 million relate to the termination of 403 positions, of which 324 positions had not been terminated as of December 31, 2013.

(2)
Accrued liabilities remaining at December 31, 2013 and 2012 by year of initiatives were as follows (dollars in millions):

 
   December 31,  
 
   2013   2012  

2011 initiatives and prior

   $ 74   $ 52  

2012 initiatives

     21     53  

2013 initiatives

     18     —  
           
​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 113   $ 105  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Accrued liabilities by initiative
Accrued liabilities by initiatives were as follows (dollars in millions):

 
   March 31,
2014		   December 31,
2013		  

2012 and prior initiatives

   $ 83   $ 95  

2013 initiatives

     43     18  
           
​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 126   $ 113  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Accrued liabilities remaining at December 31, 2013 and 2012 by year of initiatives were as follows (dollars in millions):

 
   December 31,  
 
   2013   2012  

2011 initiatives and prior

   $ 74   $ 52  

2012 initiatives

     21     53  

2013 initiatives

     18     —  
           
​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 113   $ 105  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Details with respect to reserves for restructuring, impairment and plant closing costs, provided by segment and initiative

Details with respect to our reserves for restructuring, impairment and plant closing costs are provided below by segment and initiative (dollars in millions):

 
   Polyurethanes   Performance
Products		   Advanced
Materials		   Textile
Effects		   Pigments   Discontinued
Operations		   Corporate
and
Other		   Total  

Accrued liabilities as of January 1, 2014

   $ 9   $ 10   $ 12   $ 68   $ 2   $ 3   $ 9   $ 113  

2014 charges for 2013 and prior initiatives

     —     23     7     6     3     —     2     41  

Reversal of reserves no longer required

     —     —     (3 )   —     —     —     (1 )   (4 )

2014 payments for 2013 and prior initiatives

     (1 )   (1 )   (9 )   (10 )   (1 )   —     (2 )   (24 )

Foreign currency effect on liability balance

     —     —     —     1     (1 )   —     —     —  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Accrued liabilities as of March 31, 2014

   $ 8   $ 32   $ 7   $ 65   $ 3   $ 3   $ 8   $ 126  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   

Current portion of restructuring reserves

   $ 3   $ 32   $ 7   $ 12   $ 3   $ 3   $ 8   $ 68  

Long-term portion of restructuring reserves

     5     —     —     53     —     —     —     58  

Details with respect to our reserves for restructuring, impairment and plant closing costs are provided below by segment and initiative (dollars in millions):

 
   Polyurethanes   Performance
Products		   Advanced
Materials		   Textile
Effects		   Pigments   Discontinued
Operations		   Corporate
and other		   Total  

Accrued liabilities as of January 1, 2011

   $ —   $ 1   $ 2   $ 25   $ 8   $ 8   $ 5   $ 49  

2011 charges for 2010 and prior initiatives

     —     —     —     14     7     —     2     23  

2011 charges for 2011 initiatives

     —     —     21     65     3     —     —     89  

Reversal of reserves no longer required

     —     —     (1 )   (4 )   —     —     —     (5 )

2011 payments for 2010 and prior initiatives

     —     —     (1 )   (18 )   (13 )   —     (6 )   (38 )

2011 payments for 2011 initiatives

     —     —     (7 )   (5 )   (2 )   —     —     (14 )

Net activity of discontinued operations

     —     —     —     —     —     (2 )   —     (2 )

Foreign currency effect on liability balance

     —     —     (2 )   (8 )   —     —     —     (10 )
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Accrued liabilities as of December 31, 2011

     —     1     12     69     3     6     1     92  

2012 charges for 2011 and prior initiatives

     —     1     4     14     4     —     1     24  

2012 charges for 2012 initiatives

     38     —     30     —     —     —     1     69  

Reversal of reserves no longer required

     —     —     —     (16 )   —     —     —     (16 )

2012 payments for 2011 and prior initiatives

     —     (2 )   (15 )   (27 )   (5 )   —     (1 )   (50 )

2012 payments for 2012 initiatives

     (12 )   —     (6 )   —     —     —     —     (18 )

Foreign currency effect on liability balance

     1     —     2     2     (1 )   —     —     4  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Accrued liabilities as of December 31, 2012

     27     —     27     42     1     6     2     105  

2013 charges for 2012 and prior initiatives

     5     —     38     73     4     —     1     121  

2013 charges for 2013 initiatives

     —     18     —     1     —     —     17     36  

Reversal of reserves no longer required

     (9 )   —     (8 )   (9 )   —     —     —     (26 )

2013 payments for 2012 and prior initiatives

     (14 )   —     (45 )   (41 )   (3 )   —     (1 )   (104 )

2013 payments for 2013 initiatives

     —     (7 )   —     —     (1 )   —     (10 )   (18 )

Net activity of discontinued operations

     —     —     —     —     —     (3 )   —     (3 )

Foreign currency effect on liability balance

     —     (1 )   —     2     1     —     —     2  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Accrued liabilities as of December 31, 2013

   $ 9   $ 10   $ 12   $ 68   $ 2   $ 3   $ 9   $ 113  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   

Current portion of restructuring reserves

   $ 4   $ 10   $ 12   $ 15   $ 2   $ 3   $ 9   $ 55  

Long-term portion of restructuring reserve

     5     —     —     53     —     —     —     58  
Cash and noncash restructuring charges by initiative

Details with respect to cash and noncash restructuring charges for the three months ended March 31, 2014 and 2013 by initiative are provided below (dollars in millions):

 
   Three months
ended
March 31, 2014		  

Cash charges:

        

2014 charges for 2013 and prior initiatives

   $ 41  

Pension related charges

     1  

Reversal of reserves no longer required

     (4 )

Non-cash charges

     1  
       
​ ​ ​ ​ ​

Total 2014 Restructuring, Impairment and Plant Closing Costs

   $ 39  
       
​ ​ ​ ​ ​
​ ​ ​ ​ ​
       


 

 
   Three months
ended
March 31, 2013		  

Cash charges:

        

2013 charges for 2012 and prior initiatives

   $ 44  

2013 charges for 2013 initiatives

     2  

Pension related charges

     4  

Reversal of reserves no longer required

     (7 )

Non-cash charges

     1  
       
​ ​ ​ ​ ​

Total 2013 Restructuring, Impairment and Plant Closing Costs

   $ 44  
       
​ ​ ​ ​ ​
​ ​ ​ ​ ​
       

Details with respect to cash and noncash restructuring charges for the years ended December 31, 2013, 2012 and 2011 by initiative are provided below (dollars in millions):

Cash charges:

        

2013 charges for 2012 and prior initiatives

   $ 121  

2013 charges for 2013 initiatives

     36  

Reversal of reserves no longer required

     (26 )

Pension-related charges

     7  

Non-cash charges

     13  
       
​ ​ ​ ​ ​

Total 2013 Restructuring, Impairment and Plant Closing Costs

   $ 151  
       
​ ​ ​ ​ ​
​ ​ ​ ​ ​
       

Cash charges:

        

2012 charges for 2011 and prior initiatives

   $ 24  

2012 charges for 2012 initiatives

     69  

Reversal of reserves no longer required

     (16 )

Non-cash charges

     15  
       
​ ​ ​ ​ ​

Total 2012 Restructuring, Impairment and Plant Closing Costs

   $ 92  
       
​ ​ ​ ​ ​
​ ​ ​ ​ ​
       

Cash charges:

        

2011 charges for 2010 and prior initiatives

   $ 23  

2011 charges for 2011 initiatives

     89  

Reversal of reserves no longer required

     (5 )

Non-cash charges

     60  
       
​ ​ ​ ​ ​

Total 2011 Restructuring, Impairment and Plant Closing Costs

   $ 167  
       
​ ​ ​ ​ ​