RESTRUCTURING ACTIONS

We have initiated various restructuring actions throughout the business during the past three years. Discussion of certain individually significant actions is provided below. Other less significant restructuring actions initiated during 2014 and 2013 include reduction in force initiatives and geographic sales presence realignment. Restructuring costs are included as a component of general and administrative expense in our Consolidated Income Statements. Restructuring costs incurred during each of the previous three years ended are presented in the table below.



	2015		2014		2013
By component:
Severance costs	$	21.7	$	23.2	$	22.3
Asset write-offs	1.0		1.5		3.9
Other restructuring costs	1.3		3.4		2.2
Total restructuring costs	$	24.0	$	28.1	$	28.4
By segment:
Industrial Process	$	12.2	$	4.2	$	4.5
Motion Technologies	—		2.1		5.1
Interconnect Solutions	6.3		20.5		17.2
Control Technologies	5.3		—		0.4
Corporate and Other	0.2		1.3		1.2

In the fourth quarter of 2015, we initiated a restructuring action at our Control Technologies segment to relocate the operations of two facilities to a lower-cost location. The total restructuring costs of this action is estimated to be approximately $7, primarily related to employee severance. During 2015, we recognized $4.5 related to this action and anticipate that the action will be completed in early 2017.

The following table displays a rollforward of the restructuring accruals, presented on our Consolidated Balance Sheet within accrued liabilities, for each of the previous two years ended December 31st.



	2015			2014
Restructuring accruals - beginning balance	$	21.9		$	14.7
Restructuring costs	24.0			28.1
Cash payments	(24.4		)	(18.6		)
Asset write-offs	(1.0		)	(1.5		)
Foreign exchange translation and other	(0.5		)	(0.8		)
Restructuring accrual - ending balance	$	20.0		$	21.9
By accrual type:
Severance accrual	$	19.6		$	19.6
Facility carrying and other costs accrual	0.4			2.3

2015 Industrial Process Restructuring Actions

In March 2015, we announced a series of restructuring actions in the Company's Industrial Process segment related to a strategic reorganization of the business and to achieve efficiencies and reduce the overall cost structure. The Company expects to incur restructuring costs, principally involuntary severance costs, of approximately $16 related to this action. The costs incurred during 2015 primarily relate to employee severance for approximately 200 planned headcount reductions. We expect to incur remaining restructuring costs of approximately $4 related to this action in the first half of 2016. The following table provides a rollforward of the restructuring accruals associated with the 2015 Industrial Process restructuring actions.



	2015
Restructuring accruals - beginning balance	$	—
Restructuring costs	12.2
Cash payments	(6.1		)
Asset write-offs	(1.0		)
Foreign exchange translation	(0.2		)
Restructuring accruals - ending balance	$	4.9

2013 - 2015 Interconnect Solutions Restructuring Actions

Beginning in 2013, we initiated comprehensive restructuring actions to improve the overall cost structure of our Interconnect Solutions segment. In 2013, these actions included headcount reductions for approximately 500 employees and the transition of certain production lines from one location to another existing lower cost manufacturing site. The total cost recognized for these actions was $38.4. In May 2015, we initiated a subsequent action to better align the segment with current market conditions. Under this action, the Company recognized total costs of $6.5, principally involuntary severance for approximately 100 employees. Both actions were substantially completed in 2015. The timing of payments related to the remaining accrual for these actions is expected to be approximately $5 in both 2016 and 2017.

The following table provides a rollforward of the restructuring accrual associated with the Interconnect Solutions turnaround activities.



	2015			2014
Restructuring accruals - beginning balance	$	17.1		$	8.0
Restructuring costs	6.3			20.5
Cash payments	(13.8		)	(9.9		)
Asset Write-Offs	—			(1.3		)
Foreign exchange translation	(0.2		)	(0.2		)
Restructuring accruals - ending balance	$	9.4		$	17.1