Restructuring Activities

12 Months Ended

Dec. 31, 2014

RESTRUCTURING ACTIVITIES

Restructuring charges recorded during the years ended December 31 were as follows:



In millions	2014		2013		2012
Climate	$	5.2	$	47.5	$	12.9
Industrial	4.0		14.5		7.6
Corporate and Other	3.3		20.3		2.8
Total	$	12.5	$	82.3	$	23.3
Cost of goods sold	$	2.7	$	15.2	$	10.3
Selling and administrative expenses	9.8		67.1		13.0
Total	$	12.5	$	82.3	$	23.3

The changes in the restructuring reserve were as follows:



In millions	Climate			Industrial			Corporate and Other			Total
December 31, 2012	$	4.7		$	2.1		$	1.9		$	8.7
Additions, net of reversals	47.5			14.5			20.3			82.3
Cash paid	(34.2		)	(7.1		)	(17.2		)	(58.5		)
December 31, 2013	18.0			9.5			5.0			32.5
Additions, net of reversals	5.2			4.0			3.3			12.5
Cash paid	(20.3		)	(12.6		)	(7.7		)	(40.6		)
December 31, 2014	$	2.9		$	0.9		$	0.6		$	4.4

During 2014, 2013, and 2012, the Company incurred costs of $12.5 million, $82.3 million, and $23.3 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 improve the Company's cost structure. As of December 31, 2014, the Company had $4.4 million accrued for costs associated with its ongoing restructuring actions, of which a majority is expected to be paid within one year.

- 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