XML 12 R33.htm IDEA: XBRL DOCUMENT v3.2.0.727
Restructuring (Details)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Jun. 30, 2015
USD ($)
Positions
Jun. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
Restructuring Cost and Reserve [Line Items]          
Position reduction due to restructuring | Positions     377    
Number of positions eliminated due to restructuring | Positions     180    
Total restructuring costs incurred to date $ 115,400   $ 115,400    
Savings recognized in restructuring plan 1,600   3,100   $ 3,000
Estimated cost savings due to restructuring 30,000        
Estimated cost savings in 2015 7,000        
Expected incremental savings in 2016 6,000   6,000    
Estimated fair values of the remaining long-lived assets 22,000   22,000    
Restructuring cost by segment [Abstract]          
Total Continuing Operations 9,622 $ 11,568 16,737 $ 57,755  
Discontinued Operations 85 1,411 114 7,946  
Total Restructuring 9,707 12,979 16,851 65,701  
Detail of the restructuring costs [Abstract]          
Employee separation 1,796 1,024 3,704 12,291  
Long-lived asset impairment 3,665 8,033 7,480 42,263  
Gain on asset sales     (1,301) (602)  
Write-down of inventory 140   281    
Other costs 4,021 [1] 2,511 [2] 6,573 [1] 3,803 [2]  
Future restructuring costs, current year 16,000        
Future restructuring costs, 2016 9,000   9,000    
Summary of accrual for restructuring and other charges [Abstract]          
Balance as of December 31, 2014     15,806    
Expense activity     10,443    
Cash spent     (12,321)    
Translation adjustment     (967)    
Balance as of June 30, 2015 12,961   12,961   15,806
Minimum [Member]          
Restructuring Cost and Reserve [Line Items]          
Estimated cost savings in through the end of 2015 9,000   9,000    
Expected incremental savings in 2017 8,000   8,000    
Maximum [Member]          
Restructuring Cost and Reserve [Line Items]          
Estimated cost savings in through the end of 2015 10,000   10,000    
Expected incremental savings in 2017 9,000   9,000    
Selling & Administrative [Member]          
Restructuring cost by segment [Abstract]          
Total Continuing Operations 9,482 11,568 16,456 57,755  
Detail of the restructuring costs [Abstract]          
Employee separation 1,796 1,024 3,704 12,291  
Long-lived asset impairment 3,665 8,033 7,480 42,263  
Gain on asset sales     (1,301) (602)  
Write-down of inventory 0   0    
Other costs 4,021 [1] 2,511 [2] 6,573 [1] 3,803 [2]  
Cost of Products Sold [Member]          
Restructuring cost by segment [Abstract]          
Total Continuing Operations 140 0 281 0  
Detail of the restructuring costs [Abstract]          
Employee separation 0 0 0 0  
Long-lived asset impairment 0 0 0 0  
Gain on asset sales     0 0  
Write-down of inventory 140   281    
Other costs 0 [1] 0 [2] 0 [1] 0 [2]  
Flavors & Fragrances [Member]          
Restructuring cost by segment [Abstract]          
Total Continuing Operations 7,191 9,068 13,020 54,051  
Color [Member]          
Restructuring cost by segment [Abstract]          
Total Continuing Operations 1,422 0 1,583 0  
Corporate & Other [Member]          
Restructuring cost by segment [Abstract]          
Total Continuing Operations 1,009 2,500 2,134 3,704  
2014 Proxy Contest [Member]          
Detail of the restructuring costs [Abstract]          
Other costs   $ 2,200   $ 3,100  
Employee Separations [Member]          
Summary of accrual for restructuring and other charges [Abstract]          
Balance as of December 31, 2014     14,909    
Expense activity     3,313    
Cash spent     (4,977)    
Translation adjustment     (967)    
Balance as of June 30, 2015 12,278   12,278   14,909
Other Costs [Member]          
Summary of accrual for restructuring and other charges [Abstract]          
Balance as of December 31, 2014     897    
Expense activity     7,130    
Cash spent     (7,344)    
Translation adjustment     0    
Balance as of June 30, 2015 $ 683   $ 683   $ 897
[1] Other costs include decommissioning costs, professional services, temporary labor, moving costs and other related costs.
[2] Other costs include decommissioning, professional services, personnel moving costs, other related costs and 2014 proxy contest costs.