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Restructuring
 9 Months Ended
Sep. 30, 2015
Restructuring and Related Activities [Abstract]  
Restructuring
Restructuring
2015 Repositioning Actions
The Company initiated incremental restructuring activities and recorded pre-tax restructuring charges of $8.0 million in 2015 which includes $6.9 million of severance costs at selected facilities and $1.1 million of non-cash restructuring costs related to an asset write-down. The Company expects these actions to result in workforce reductions of approximately 125 employees, or about 1%, of the Company’s global workforce.
The following table summarizes the restructuring charges by cost type and business segment:
(in millions)
Balance at December 31, 2014
 
Expense
 
Utilization
 
Balance at September 30, 2015
Fluid Handling
 
 
 
 
 
 
 
Severance
$
—

 
$
6.3

 
$
(1.5
)
 
$
4.8

Other
—

 
—

 
—

 
—

Total Fluid Handling
$
—

 
$
6.3

 
$
(1.5
)
 
$
4.8

 
 
 
 
 
 
 
 
Aerospace & Electronics
 
 
 
 
 
 
 
Severance
$
—

 
$
0.6

 
$
(0.3
)
 
$
0.3

Other
—

 
—

 
—

 
—

Total Aerospace & Electronics
$
—

 
$
0.6

 
$
(0.3
)
 
$
0.3

Total Restructuring
$
—

 
$
6.9

 
$
(1.8
)
 
$
5.1



The Company does not expect any further significant costs associated with these actions.
2014 Repositioning Actions

The Company recorded pre-tax restructuring charges of $18.9 million in 2014, which included $18.7 million of severance and other cash-related restructuring costs and $0.2 million of non-cash restructuring costs related to asset write-downs. The $18.7 million of severance and other cash-related restructuring costs included $4.6 million related to the consolidation of a facility in the United Kingdom in the Fluid Handling segment, $7.8 million primarily related to the consolidation of a facility in Europe in the Fluid Handling segment and $6.3 million associated with certain facility consolidation activities in the Aerospace & Electronics segment. The Company expects these repositioning actions to result in workforce reductions of approximately 320 employees, or about 3% of the Company’s global workforce.
During the nine months ended September 30, 2015, the Company recorded pre-tax restructuring charges of $0.4 million which included $0.6 million related to severance costs and $0.2 million of a net restructuring gain driven by the sale of assets related to a consolidated facility.
The following table summarizes the accrual balances related to these cash-related restructuring charges: 
(in millions)
Balance at December 31, 2014
 
Expense
 
Utilization
 
Balance at September 30, 2015
Fluid Handling
 
 
 
 
 
 
 
Severance
$
10.7

 
$
—

 
$
(8.9
)
 
$
1.8

Other
—

 
—

 
—

 
—

Total Fluid Handling
$
10.7

 
$
—

 
$
(8.9
)
 
$
1.8

 
 
 
 
 
 
 
 
Aerospace & Electronics
 
 
 
 
 
 
 
Severance
$
1.9

 
$
0.1

 
$
(1.8
)
 
$
0.2

Other
0.5

 
0.5

 
—

 
1.0

Total Aerospace & Electronics
$
2.4

 
$
0.6

 
$
(1.8
)
 
$
1.2

Total Restructuring
$
13.1

 
$
0.6

 
$
(10.7
)
 
$
3.0


Related to the 2014 repositioning actions, in 2014, the Company recorded $2.6 million and $1.2 million for additional costs incurred as a direct result of the facility consolidations within the Fluid Handling segment and Aerospace & Electronics segments, respectively. During the nine months ended September 30, 2015, the Company recorded $2.8 million and $0.4 million within the Fluid Handling segment and Aerospace & Electronics segments, respectively.
The Company does not expect any further significant costs associated with these actions.

Acquisition-Related Restructuring
In 2014, the Company recorded pre-tax restructuring charges of $10.3 million, which included $10.2 million of severance and other cash-related restructuring costs and $0.1 million of non-cash restructuring costs related to asset write-downs related to the December 2013 acquisition of MEI in the Company's Payment & Merchandising Technologies segment. The Company expects these 2014 actions to result in workforce reductions of approximately 240 employees, or less than 2% of the Company’s global workforce.
During the nine months ended September 30, 2015, the Company recorded pre-tax restructuring charges of $0.3 million which included $4.7 million of severance and other cash-related costs and a non-cash pension curtailment gain of $4.4 million. See additional discussion in Notes 5 and 9.
The following table summarizes the accrual balances related to these cash-related restructuring charges: 
(in millions)
Balance at December 31, 2014
 
Expense
 
Utilization
 
Balance at September 30, 2015
Payment & Merchandising Technologies
 
 
 
 
 
 
 
Severance
$
7.0

 
$
4.5

 
$
(3.3
)
 
$
8.2

Other
—

 
0.2

 
(0.2
)
 
—

Total Restructuring
$
7.0

 
$
4.7

 
$
(3.5
)
 
$
8.2


The Company does not expect any further significant costs associated with these actions.