RESTRUCTURING ACTIVITIES

In Q2 2015, we announced additional restructuring actions in EMEA intended to safeguard our global competitiveness through changes in our EMEA manufacturing footprint. These actions relate to the exit of a manufacturing facility in Wisches, France and the transfer of its activities to other existing facilities in the EMEA region. On August 18, 2014, the Company accepted an offer from a third party for a unilateral put option for the transfer of the assets and activities relating to the Wisches facility. The Company has agreed to negotiate exclusively with the offeror through November 30, 2014. If the transfer is completed as contemplated by the offer, we expect to incur approximately $40 to $45 of net cash restructuring costs in connection with this project, with approximately $35 of costs to facilitate the transfer of the facility, workforce, inventory and certain equipment (including a facilitation fee to be paid to the transferee), and approximately $5 to $10 relating to business exit and other costs. We incurred $1.4 of business exit and other costs in the EMEA segment in connection with these actions during the three months ended August 29, 2014.

In Q1 2015, we announced restructuring actions to close a manufacturing facility in High Point, North Carolina. In connection with this project, we expect to incur approximately $8 of cash restructuring costs, with approximately $4 relating to workforce reductions and approximately $4 relating to manufacturing consolidation and production moves. We incurred $0.7 of employee termination costs and $0.1 of business exit and other costs in the Americas segment in connection with these actions during the three and six months ended August 29, 2014.

In Q1 2015, we recognized a $12.0 gain related to the sale of an idle manufacturing facility in the Americas segment that was closed as part of previously announced restructuring actions.

In Q3 2014, we announced restructuring actions in EMEA to safeguard our global competitiveness through changes in our EMEA manufacturing footprint. These actions consist of the closure of a manufacturing facility in Durlangen, Germany and the establishment of a new manufacturing location in Stribro, Czech Republic. In Q1 2015, we completed negotiations with the works councils related to these actions. In connection with this project, we expect to incur approximately $26 of cash restructuring costs, with approximately $19 related to employee termination costs and approximately $7 related to business exit and other related costs. We incurred $3.7 and $4.3 of employee termination costs in the EMEA segment in connection with these actions during the three and six months ended August 29, 2014, respectively. We incurred $0.1 and $0.6 of business exit and other related costs in the EMEA segment in connection with these actions during the three and six months ended August 29, 2014, respectively. During 2014, we incurred $0.7 of business exit and other related costs in the EMEA segment in connection with these actions.

In Q1 2014, we announced restructuring actions in EMEA to reorganize the sales, marketing and support functions in France. We currently estimate the cash restructuring costs associated with these actions will be approximately $9, with approximately $8 related to employee termination costs and approximately $1 of business exit and other related costs. We incurred $0.2 and $0.8 of employee termination costs in the EMEA segment in connection with these actions during the three and six months ended August 29, 2014, respectively. During 2014, we incurred $6.3 related to employee termination costs and $0.9 of business exit and other related costs in the EMEA segment in connection with these actions.

Restructuring costs (benefits) are summarized in the following table:



	Three Months Ended					Six Months Ended
Restructuring Costs (Benefits)	August 29, 2014		August 23, 2013			August 29, 2014			August 23, 2013
Cost of sales
Americas	$	0.7	$	(0.1	)	$	(10.9	)	$	0.1
EMEA	5.5		—			6.6			—
	6.2		(0.1		)	(4.3		)	0.1
Operating expenses
Americas	—		0.1			—			1.1
EMEA	0.2		3.3			1.0			6.5
	0.2		3.4			1.0			7.6
Total	$	6.4	$	3.3		$	(3.3	)	$	7.7

Below is a summary of the net additions, payments and adjustments to the restructuring reserve balance for the six months ended August 29, 2014:



Restructuring Reserve	Employee Termination Costs			Business Exits and Related Costs			Total
Reserve balance as of February 28, 2014	$	7.7		$	2.0		$	9.7
Additions	5.9			2.5			8.4
Payments	(4.3		)	(2.2		)	(6.5		)
Adjustments	(0.2		)	—			(0.2		)
Reserve balance as of August 29, 2014	$	9.1		$	2.3		$	11.4

The employee termination costs reserve balance as of August 29, 2014 primarily relates to restructuring actions in EMEA.