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Other Charges, Net (Tables)
12 Months Ended
Dec. 31, 2015
Other Charges, Net  
Components of other charges, net

        The components of other charges, net for the years ended December 31, 2015, 2014 and 2013, were as follows (in millions):

                                                                                                                                                                                    

 

 

2015

 

2014

 

2013

 

Acquisition-related expenses (income), net

 

$

(7.2

)

$

2.9

 

$

3.6

 

Professional fees incurred in connection with internal investigation

 

 

0.4

 

 

3.2

 

 

6.1

 

Pension settlement charge

 

 

10.2

 

 

 

 

 

Information technology transformation costs

 

 

8.9

 

 

4.0

 

 

 

Restructuring charges

 

 

8.1

 

 

11.1

 

 

18.2

 

Factory relocation charges

 

 

 

 

 

 

0.7

 

​  

​  

​  

​  

​  

​  

Other charges, net

 

$

20.4

 

$

21.2

 

$

28.6

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

       

Schedule of changes in the restructuring reserves

The following table sets forth the changes in the restructuring reserves for the years ended December 31, 2015 and 2014 (in millions):

                                                                                                                                                                                    

 

 

Total

 

Severance

 

Exit Costs

 

Provisions for
Excess
Inventory

 

Balance at December 31, 2013

 

$

11.5

 

$

8.4

 

$

1.1

 

$

2.0

 

Restructuring charges

 

 

36.1

 

 

15.5

 

 

8.8

 

 

11.8

 

Cash payments

 

 

(22.9

)

 

(14.6

)

 

(8.2

)

 

(0.1

)

Non-cash adjustments

 

 

(7.5

)

 

(1.4

)

 

(0.3

)

 

(5.8

)

Foreign currency impact

 

 

(1.1

)

 

(0.8

)

 

(0.1

)

 

(0.2

)

​  

​  

​  

​  

​  

​  

​  

​  

Balance at December 31, 2014

 

 

16.1

 

 

7.1

 

 

1.3

 

 

7.7

 

Restructuring charges

 

 

29.3

 

 

15.9

 

 

6.4

 

 

7.0

 

Cash payments

 

 

(18.0

)

 

(11.9

)

 

(5.1

)

 

(1.0

)

Non-cash adjustments

 

 

(2.9

)

 

(0.2

)

 

(0.2

)

 

(2.5

)

Foreign currency impact

 

 

(1.4

)

 

(0.6

)

 

 

 

(0.8

)

​  

​  

​  

​  

​  

​  

​  

​  

Balance at December 31, 2015

 

$

23.1

 

$

10.3

 

$

2.4

 

$

10.4

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​