XML 49 R39.htm IDEA: XBRL DOCUMENT v3.8.0.1
Restructuring Activities (Tables)
3 Months Ended
Mar. 31, 2018
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
$260-$270

Other expenses associated with the Program
130-135

Total expense
$390-$405

Capital expenditures
250-255

Proceeds, foreign exchange and other cash items
(70)-(75)

Total estimated net cash cost
$570-$585

Program to Date Cumulative Expense (in millions):
 
Costs of reduction in headcount as a result of reorganization
$
246

Other expenses associated with the Program
125

Total Cumulative Expense
$
371

Cumulative capital expenditures
$
235

Restructuring and Relocation Activities
The following table details our restructuring activities reflected in the Condensed Consolidated Statement of Operations for the three months ended March 31, 2018 and 2017:
 
 
 
Three Months Ended
March 31,
(In millions)
 
2018
 
2017
Continuing Operations:
 
 
 
 
Other associated costs
 
$
2.2

 
$
3.9

Restructuring charges
 
8.6

 
1.9

Total charges from continuing operations
 
10.8

 
5.8

Charges included in discontinued operations
 

 
(1.7
)
Total charges
 
$
10.8

 
$
4.1

Capital expenditures
 
$
0.2

 
$
9.9

Components of Restructuring Accrual, Spending and Other Activity and Accrual Balance Remaining
The restructuring accrual, spending and other activity for the three months ended March 31, 2018 and the accrual balance remaining at March 31, 2018 related to these programs were as follows:
 
(In millions)
 
Restructuring accrual at December 31, 2017
$
16.1

Accrual and accrual adjustments
8.6

Cash payments during 2018
(4.1
)
Effect of changes in foreign currency exchange rates
0.3

Restructuring accrual at March 31, 2018
$
20.9