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Restructuring and Relocation Activities (Tables)
6 Months Ended
Jun. 30, 2016
Restructuring And Related Activities [Abstract]  
Schedule of Program Metrics

Program metrics are as follows:

 

 

 

Sealed Air Restructuring Program

 

Approximate positions eliminated by the program

 

 

1,950

 

Estimated Program Costs (in millions):

 

 

 

 

Costs of reduction in headcount as a result of reorganization

 

$240-$245

 

Other expenses associated with the Program

 

160-165

 

Total expense

 

$400-410

 

Capital expenditures

 

250-255

 

Proceeds, foreign exchange and other cash items

 

(70)-(75)

 

Total estimated net cash cost

 

$580-$590

 

Program to Date Cumulative Expense (in millions):

 

 

 

 

Costs of reduction in headcount as a result of reorganization

 

$

214

 

Other expenses associated with the Program

 

 

88

 

Total Cumulative Expense

 

$

302

 

Cumulative Capital expenditures

 

$

147

 

 

Restructuring and Relocation Activities

The following table details our restructuring activities as reflected in the Condensed Statement of Operations for the three and six months ended June 30, 2016 and 2015:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In millions)

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Other associated costs

 

$

5.2

 

 

$

10.6

 

 

$

11.3

 

 

$

19.2

 

Restructuring charges

 

 

1.6

 

 

 

16.9

 

 

 

1.6

 

 

 

29.6

 

Total

 

$

6.8

 

 

$

27.5

 

 

$

12.9

 

 

$

48.8

 

Capital Expenditures

 

$

37.9

 

 

$

2.1

 

 

$

57.0

 

 

$

4.5

 

 

Components of Restructuring Accrual, Spending and Other Activity and Accrual Balance Remaining

The restructuring accrual, spending and other activity for the six months ended June 30, 2016 and the accrual balance remaining at June 30, 2016 related to these programs were as follows (in millions):

 

Restructuring accrual at December 31, 2015

 

$

76.3

 

Accrual and accrual adjustments

 

 

1.6

 

Cash payments during 2016

 

 

(25.0

)

Effect of changes in foreign currency exchange rates

 

 

1.2

 

Restructuring accrual at June 30, 2016

 

$

54.1