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Other Charges, Net (Tables)
9 Months Ended
Sep. 30, 2016
Other Charges, Net  
Components of other charges, net

The components of other charges, net were as follows (in millions):

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

2016

 

2015

 

2016

 

2015

 

Information technology transformation costs

 

$

1.6

 

$

2.6

 

$

5.5

 

$

6.2

 

Restructuring charges

 

2.8

 

3.0

 

6.4

 

5.3

 

Pension settlement charge

 

 

 

 

10.2

 

Professional fees incurred in connection with internal investigation

 

 

0.4

 

 

0.4

 

Acquisition-related charges (benefits)

 

0.2

 

0.4

 

8.1

 

(2.5

)

Long-lived asset impairments

 

 

2.5

 

0.6

 

4.3

 

 

 

 

 

 

 

 

 

 

 

Other charges, net

 

$

4.6

 

$

8.9

 

$

20.6

 

$

23.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of changes in the restructuring reserves

The following table sets forth the changes in restructuring reserves for the nine months ended September 30, 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

 

12.8

 

7.9

 

3.5

 

1.4

 

Cash payments

 

(16.7

)

(12.5

)

(3.3

)

(0.9

)

Other, non-cash adjustments and foreign currency effect

 

(3.2

)

(0.1

)

(0.6

)

(2.5

)

 

 

 

 

 

 

 

 

 

 

Balance at September 30, 2016

 

$

16.0

 

$

5.6

 

$

2.0

 

$

8.4