S-1 /A Table of Contents FIRST DATA CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) A summaiy of net pretax benefits (charges), incurred by segment, for each period is as follows: Pretax Benefit ((large) (In Three months ended June 30.2015 Restructuring charges Restructuring accrual reversals Total pretax charge, net of reversals SILmodhasngrflunga215 Restnidunng charges Restructuring accrual reversals Total pretax charge, net of reversals Three months ended June 30.2014 Restnicitinng charges Rcstructunng accrual reversals Total pretax charge. net of reversals Six months ended June 30.2014 Rest' mitt] ing charges Restructuring accrual reversals Total pretax charge, net of reversals Global Global Network & Business Financial Security Solutions Solutions Solutions Corporate Totals $ (5) $ (4) 5 — $ U()) $ (19) 5 (5) $ (4) $ — $ (10) $ (191 $ (5) $ (4) $ ( I I ) $ (20) 5 (5) $ (4) $ $ III) $ (20) $ (1) $ — $ 171 1 1 I 3 $ — 1 (5) 5 (4) $ (1) $ — (I) $ ($) $ (Mt 1 1 1 3 $ - $ I $ (I) 5 (7) 5 (7) The following table summarizes the Company's utilization of restructuring accruals for the period pr seated: Employee (In millions) Severance Other Remaining accrual as of January 1, 2015 $ 12 $ I Expense provision 16 4 Cash payments and other (6) (4) Changes in estimates (I) Remaining accrual as of June 30, 2015 $ 21 $ 1 On May 4, 2015. the Company announced a strategic expense management initiative to optimize its annualized expense base by mid- 2016. Anticipated restructuring costs will be approximately $75 million, mainly cash, and will be recognized beginning in the second quarter of 2015. The net charge is expected to include costs for severance, retention and transition, asset impairments. professional seniors fees, and gains/losses on the sale of facilities The vast majority of the net charge will be related to personnel (sever