From last week's SEC filed Form 8-K, when the closing of Summit was announced, along with the additional 8,500 job losses, then:
. . . .The Company expects to record charges of approximately $900 million to $1.1 billion related to this program in 2013, a majority of which will be recorded in the third quarter. The Company estimates that approximately two-thirds of the cumulative pretax costs will result in cash outlays, primarily related to employee separation expense. Approximately one-third of the cumulative pretax costs are non-cash, relating primarily to the accelerated depreciation of facilities to be closed or divested. . . .
We will keep you posted.
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