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Other Charges, Net (Tables)
9 Months Ended
Sep. 30, 2018
Other Charges, Net  
Components of 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

 

Summary of restructuring expenses

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

 

Schedule of changes in the restructuring reserves

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