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Other Charges, Net
9 Months Ended
Sep. 30, 2018
Other Charges, Net  
Other Charges, Net

16.  Other Charges, Net

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

    

2018

    

2017

    

2018

    

2017

Information technology transformation costs

 

$

1.1

 

$

0.8

 

$

3.5

 

$

2.9

Restructuring charges

 

 

2.0

 

 

3.0

 

 

5.9

 

 

6.9

Acquisition-related charges

 

 

1.2

 

 

0.5

 

 

2.3

 

 

3.8

Other

 

 

0.9

 

 

 —

 

 

3.5

 

 

0.2

Other charges, net

 

$

5.2

 

$

4.3

 

$

15.2

 

$

13.8

 

Restructuring Initiatives

 

Restructuring charges for the three and nine month periods ended September 30, 2018 included charges for various programs that were recorded in the accompanying unaudited condensed consolidated statements of income and comprehensive income.  The charges for the three and nine month periods ended September 30, 2017 related primarily to the previously reported and completed 2016 and 2015 restructuring plans. The following table sets forth the restructuring charges for the three and nine months ended September 30, 2018 and 2017 (dollars in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

    

2018

    

2017

    

2018

    

2017

Cost of revenues

 

$

0.5

 

$

1.6

 

$

0.8

 

$

1.6

Other charges, net

 

 

2.0

 

 

3.0

 

 

5.9

 

 

6.9

 

 

$

2.5

 

$

4.6

 

$

6.7

 

$

8.5

 

The following table sets forth the changes in restructuring reserves for the nine months ended September 30, 2018 (dollars in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provisions

 

 

 

 

 

 

 

 

 

 

 

for Excess

 

    

Total

    

Severance

    

Exit Costs

    

Inventory

Balance at December 31, 2017

 

$

10.8

 

$

2.0

 

$

2.1

 

$

6.7

Restructuring charges

 

 

6.7

 

 

2.5

 

 

4.2

 

 

 —

Cash payments

 

 

(7.5)

 

 

(3.9)

 

 

(3.6)

 

 

 —

Other, non-cash adjustments and foreign currency effect

 

 

(2.7)

 

 

0.3

 

 

(0.7)

 

 

(2.3)

Balance at September 30, 2018

 

$

7.3

 

$

0.9

 

$

2.0

 

$

4.4