COST REDUCTION ACTIONS
 9 Months Ended
Sep. 30, 2015
Restructuring and Related Activities [Abstract]  
COST REDUCTION ACTIONS
COST REDUCTION ACTIONS

2014 Cost Reduction Actions

During 2014, the Company took actions to reduce costs throughout its global Composites network, mainly through the decision to close a facility in Japan and optimize a facility in Canada, in addition to other cost reduction actions. The Company also took actions in 2014 to streamline its management structure and reduce costs, resulting in the elimination of the Building Materials Group organizational structure. For the year-to-date 2015, the Company recorded $5 million of net gains in charges related to cost reduction actions, comprised of a $3 million gain from the revision of estimated total severance costs of these actions, $1 million in charges for a contract termination, and $3 million of net gains related to pension curtailment and settlement. For the year-to-date 2015, the Company also recorded $9 million of net charges in other items related to cost reduction actions, primarily comprised of facility closure costs in Japan.
The following table summarizes the status of the unpaid liabilities from the Company’s charges related to cost reduction actions (in millions):
 
 
Balance at December 31, 2014
 
Costs
Incurred
 
Payments
 
Foreign Currency Translation
 
Non-cash Items
 
Balance at September 30, 2015
 
Cumulative
Charges
Incurred
Severance
$
31

 
$
(3
)
 
$
17

 
$
(1
)
 
$
—

 
$
10

 
$
33

Contract Termination
3

 
1

 
—

 
—

 
—

 
4

 
4

Pension Curtailment and Settlement
—

 
(3
)
 
—

 
—

 
3

 
—

 
(3
)
Total
$
34

 
$
(5
)
 
$
17

 
$
(1
)
 
$
3

 
$
14

 
$
34


The Company expects the unpaid balance of these severance and contract termination charges to be paid over the next year.