Restructuring, goodwill impairment and asset related charges - net 10
(96
)
(42
)
(83
)
(10
)
(2
)
(162
)
(7
)
—
(774
)
(1,176
)
Transaction costs and productivity actions 11
—
—
—
—
—
—
—
—
(195
)
(195
)
Total
$
(45
)
$
1,363
$
(1,313
)
$
(129
)
$
440
$
(162
)
$
279
$
—
$
(2,097
)
$
(1,664
)
1.
Pretax charge related to Dow's election to change its method of accounting for asbestos-related defense costs from expensing as incurred to estimating and accruing a liability. As a result of this accounting policy change, Dow recorded a pretax charge of $1,009 million for asbestos-related defense costs through the terminal date of 2049. Dow also recorded a pretax charge of $104 million to increase the asbestos-related liability for pending and future claims through the terminal date of 2049. See Note 16 for additional information.
2.
Pretax charge related to Dow's termination of a terminal use agreement.
3.
Pretax curtailment gain related to changes to DuPont's U.S. pension plan and U.S. other postretirement benefits plan.
4.
Includes a reduction in customer claims accrual ( $23 million ) and insurance recoveries for recovery of costs for customer claims ( $30 million ) related to the use of DuPont's IMPRELIS® herbicide.
5.
Pretax charge for environmental remediation activities at a number of historical Dow locations, primarily resulting from the culmination of negotiations with regulators and/or final agency approval. See Note 16 for additional information.
6.
Includes a gain for post-closing adjustments on the split-off of the chlorine value chain ( $6 million ) and the sale of the DuPont (Shenzhen) Manufacturing Limited entity ( $369 million ).
7.
Includes a non-taxable gain of $2,445 million related to the Dow Corning ownership restructure; a $317 million charge for the fair value step-up of inventories; and, a pretax loss of $22 million related to the early redemption of debt incurred by Dow Corning. See Note 3 for additional information.
8.
Integration and separation costs related to the Merger and the ownership restructure of Dow Corning.
9.
Includes a loss of $1,235 million related to Dow's settlement of the urethane matters class action lawsuit and the opt-out cases litigation and a gain of $27 million related to a decrease in Dow Corning's implant liability. See Note 16 for additional information.
10.
Includes Dow and DuPont restructuring activities. See Note 5 for additional information. Also includes a pretax charge related to AgroFresh, including a partial impairment of Dow’s investment in AFSI ( $143 million ) and post-closing adjustments related to non-cash consideration ( $20 million ); a pretax charge for the write-down of DuPont's indefinite lived intangible assets ( $158 million ) related to the realignment of brand marketing strategies and a determination to phase out the use of certain acquired tradenames; and, a pretax charge related to the write-down of DuPont's uncompleted enterprise resource planning system ( $435 million ).
11.
Includes implementation costs associated with Dow's restructuring programs and other productivity actions of $162 million and a charge of $33 million for a retained litigation matter related to the chlorine value chain.
