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Restructuring
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Dec. 31, 2011
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| Restructuring [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring |
NOTE 18: Restructuring 2011 Restructuring In the fourth quarter of 2011, the Company initiated a restructuring plan to strengthen its competitive positioning, implement a more competitive cost structure and conduct a workforce rebalancing to better address faster growing market segments. The plan primarily involved a reduction of its global workforce by approximately 10% and contract and program terminations. The plan also involved additional cost reduction actions that will take place in 2012. The Company expects that the 2011 restructuring plan will be substantially completed during 2012. The Company recorded a $100 million restructuring charge in the fourth quarter of 2011, which consisted of $54 million for severance and costs related to the continuation of certain employee benefits, $45 million for contract or program termination costs and $1 million for asset impairments. Of the $100 million restructuring charge recorded in the fourth quarter of 2011, the Company expects approximately $52 million in cash expenditures in 2012, and approximately $15 million in cash expenditures in 2013. In the fourth quarter of 2011, the Company also reversed approximately $2 million of costs associated with the 2008 restructuring plan because the actual restoration costs for vacated facilities were lower than previously estimated. The following table provides a summary of the fourth quarter of 2011 restructuring activities and the related liabilities recorded in "Other current liabilities" and "Other long-term liabilities" on the Company's consolidated balance sheet remaining as of December 31, 2011:
2008 Restructuring In the fourth quarter of 2008, the Company initiated a restructuring plan to reduce its cost structure, which was substantially completed in 2009. This plan primarily involved the termination of employees. The restructuring charges recorded in conjunction with this plan primarily represented severance and costs related to the continuation of certain employee benefits, contract or program termination costs, asset impairments and exit costs for facility consolidations and closures.
The following table provides a summary of each major type of cost associated with the 2011 and 2008 restructuring plans through December 31, 2011:
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