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It will also take a charge for $150 million in costs related to good will and severance.
Loan issuers have to recognize loans as impaired, and take a charge for them, within six months of their having become delinquent.
Eastman will take a charge for the closing as it consolidates resins manufacturing for the coatings, adhesives and graphic arts industries, the company said.
The Lloyds TSB Group said it expected to take a charge for bad loans and insurance liabilities related to its Abbey Life unit, which was fined £1 million ($1.6 million) by regulators for improperly selling mortgage policies.
The technology services company Comdisco said yesterday that it would stop financing Prism Communications, its New York-based high-speed communications business, and take a charge for the fourth quarter.
Merrill Lynch said yesterday that it would take a charge for mortgage-related securities on its books that is $3 billion more than the $5 billion it expected just two weeks ago.
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It will take a charge of $55 million to $65 million for uncollectible bills.
St. Paul also expects to take a charge of $300 to $500 million for restructuring related to the merger.
Maytag also said it would take a charge of $55 million to $65 million for various belt-tightening costs.
The company, based in South Hackensack, N.J., will take a charge of $4.32 million for the closing, which will occur by mid-2001.
The company will take a charge of about $375 million for the merger and integration.
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