Restructuring Activities

3 Months Ended

Mar. 31, 2013

Restructuring and Related Activities Disclosure [Text Block]

Restructuring Activities

Restructuring charges recorded during the three months ended March 31 were as follows:



In millions	2013		2012
Climate Solutions	$	17.2	$	7.5
Residential Solutions	—		0.5
Industrial Technologies	2.8		5.8
Security Technologies	4.5		3.8
Corporate and Other	2.0		1.1
Total	$	26.5	$	18.7
Cost of goods sold	$	12.5	$	8.4
Selling and administrative expenses	14.0		10.3
Total	$	26.5	$	18.7

The changes in the restructuring reserve during the three months ended March 31, 2013 were as follows:



In millions	Climate Solutions			Residential Solutions		Industrial Technologies			Security Technologies			Corporate and Other			Total
December 31, 2012	$	4.7		$	—	$	2.1		$	3.1		$	1.9		$	11.8
Additions, net of reversals	17.2			—		2.8			4.5			2.0			26.5
Cash and non-cash uses	(7.6		)	—		(2.0		)	(0.7		)	(0.9		)	(11.2		)
Currency translation	(0.2		)	—		—			(0.3		)	—			(0.5		)
March 31, 2013	$	14.1		$	—	$	2.9		$	6.6		$	3.0		$	26.6

During the three months ended March 31, 2013 and 2012, the Company incurred costs of $26.5 million and $18.7 million, respectively, associated with restructuring actions. The 2013 charges primarily represent termination benefits to improve the Company's cost structure. The 2012 actions included workforce reductions, as well as the consolidation of manufacturing facilities, in an effort to increase efficiencies across multiple lines of business. As of March 31, 2013, the Company had $26.6 million accrued for costs associated with its ongoing restructuring actions, of which a majority will be paid within one year.

In addition to the 2013 restructuring charges described above, the Company incurred $0.2 million of non-qualified restructuring charges which represent costs that are directly attributable to restructuring activities, but do not fall into the severance, exit or disposal category. These non-qualified restructuring charges were incurred to improve the Company's cost structure.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References+ Details