XML 81 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Restructuring Charges (Tables)
3 Months Ended
Mar. 31, 2014
Restructuring and Related Activities [Abstract]  
Components of restructuring and asset imparment charges
During the three months ended March 31, 2014, we recognized restructuring charges of $15 million. We incurred these charges primarily in an effort to reposition our European and North American business to optimize our cost structure and improve our operational efficiency and effectiveness. The charges relate to the reduction in structural costs, including the elimination of headcount and consolidation of facilities within both our Water Infrastructure and Applied Water segments. During the three months ended March 31, 2013 we recognized restructuring charges of $5 million. These charges related to the reduction in structural costs, including the consolidation of facilities, within our Water Infrastructure segment.

The following table presents the components of restructuring expense for the three months ended March 31, 2014 and 2013.
 
Three Months Ended
 
March 31,
(in millions)
2014
 
2013
By component:
 
 
 
Severance and other charges
$
15

 
$
5

Reversal of restructuring accruals

 

Total restructuring charges
$
15

 
$
5

 
 
 
 
By segment:
 
 
 
Water Infrastructure
$
10

 
$
5

Applied Water
5

 

Corporate and other

 

Restructuring Accruals
The following table displays a rollforward of the restructuring accruals, presented on our Condensed Consolidated Balance Sheets within accrued and other current liabilities, for the three months ended March 31, 2014 and 2013.

(in millions)
 
2014
 
2013
Restructuring accruals - January 1
 
$
13

 
$
9

Restructuring charges
 
15

 
5

Cash payments
 
(9
)
 
(4
)
Restructuring accruals - March 31
 
$
19

 
$
10

 
 
 
 
 
By segment:
 
 
 
 
Water Infrastructure
 
$
14

 
$
7

Applied Water
 
5

 
3

Corporate and other
 

 

Planned Employee Reductions Associatied with Restructuring
The following is a rollforward of employee position eliminations associated with restructuring activities for the three months ended March 31, 2014 and 2013.

 
 
2014
 
2013
Planned reductions - January 1
 
51

 
54

Additional planned reductions
 
170

 
99

Actual reductions
 
(109
)
 
(52
)
Planned reductions - March 31
 
112

 
101