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Other Charges, Net (Tables)
3 Months Ended
Mar. 31, 2016
Other Charges, Net  
Components of other charges, net

The components of Other Charges, net were as follows (in millions):

 

 

 

Three Months Ended March 31,

 

 

 

2016

 

2015

 

Information technology transformation costs

 

$

2.2 

 

$

1.7 

 

Restructuring charges

 

1.8 

 

1.3 

 

Pension settlement charge

 

 

10.2 

 

 

 

 

 

 

 

Other charges, net

 

$

4.0 

 

$

13.2 

 

 

 

 

 

 

 

 

 

 

Schedule of changes in the restructuring reserves

The following table sets forth the changes in restructuring reserves for the three months ended March 31, 2016 (in millions):

 

 

 

Total

 

Severance

 

Exit Costs

 

Provisions
for Excess
Inventory

 

Balance at December 31, 2015

 

$

23.1

 

$

10.3

 

$

2.4

 

$

10.4

 

Restructuring charges

 

3.8

 

2.3

 

1.3

 

0.2

 

Cash payments

 

(5.2

)

(3.6

)

(1.2

)

(0.4

)

Other, non-cash adjustments and foreign currency effect

 

(2.2

)

0.3

 

(0.8

)

(1.7

)

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2016

 

$

19.5

 

$

9.3

 

$

1.7

 

$

8.5