XML 140 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
Restructuring Activities
12 Months Ended
Dec. 31, 2011
Restructuring Charges [Abstract]  
Restructuring Activities
RESTRUCTURING ACTIVITIES
Restructuring charges recorded during the years ended December 31 were as follows:
In millions
 
2011
 
2010
 
2009
Climate Solutions
 
$
14.9

 
$
23.7

 
$
35.9

Residential Solutions
 
2.7

 
0.6

 
8.9

Industrial Technologies
 
6.7

*
17.9

 
27.1

Security Technologies
 
(0.3
)
**
3.1

 
23.9

Corporate and Other
 
0.3

 

 
13.2

Total
 
$
24.3


$
45.3


$
109.0

Cost of goods sold
 
$
6.8

 
$
29.1

 
$
56.4

Selling and administrative expenses
 
17.5

 
16.2

 
52.6

Total
 
$
24.3

 
$
45.3

 
$
109.0


The changes in the restructuring reserve were as follows:
In millions
 
Climate
Solutions
 
Residential
Solutions
 
Industrial
Technologies
 
Security
Technologies
 
Corporate
and Other
 
Total
December 31, 2009
 
$
14.5

 
$
7.8

 
$
4.3

 
$
18.2

 
$
8.3

 
$
53.1

Additions, net of reversals
 
23.7

 
0.6

 
17.9

 
3.1

 

 
45.3

Cash and non-cash uses
 
(33.6
)
 
(5.2
)
 
(11.6
)
 
(12.3
)
 
(4.9
)
 
(67.6
)
Currency translation
 
(1.4
)
 

 
(0.5
)
 
(0.9
)
 

 
(2.8
)
December 31, 2010
 
3.2

 
3.2

 
10.1

 
8.1

 
3.4

 
28.0

Additions, net of reversals
 
14.9

 
2.7

 
6.7

*
(0.3
)
**
0.3

 
24.3

Cash and non-cash uses
 
(14.2
)
 
(4.3
)
 
(12.6
)
 
(6.2
)
 
(2.0
)
 
(39.3
)
Currency translation
 

 

 

 
0.1

 

 
0.1

December 31, 2011
 
$
3.9

 
$
1.6

 
$
4.2

 
$
1.7

 
$
1.7

 
$
13.1

* Amount includes the reversal of $6.7 million of previously accrued restructuring charges.
** Amount includes the reversal of $2.2 million of previously accrued restructuring charges.
In October 2008, the Company announced an enterprise wide restructuring program necessitated by the lower demand in many of the Company’s end markets resulting from the overall deterioration in global economic conditions that began in the second half of 2008 and continued through 2009. The program included streamlining the footprint of manufacturing facilities and reducing the general and administrative cost base across all segments of the Company. During 2009, the Company incurred costs of $109.0 million associated with this program
During 2011 and 2010, the Company incurred costs of $24.3 million and $45.3 million, respectively, associated with ongoing restructuring actions. These actions included workforce reductions as well as the closure and consolidation of manufacturing facilities in an effort to increase efficiencies across multiple lines of business. Due to changes in various economic factors, the Company made a decision in the first quarter of 2011 to continue operating a facility for which the Company had previously accrued approximately $6.7 million of restructuring charges. In the second quarter of 2011, the Company released approximately $2.2 million of previously accrued restructuring charges as a result of the decision to discontinue a portion of the Company's restructuring plans. As of December 31, 2011, the Company had $13.1 million accrued for costs associated with its ongoing restructuring actions, of which a majority is expected to be paid within one year.