XML 75 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8
Restructuring and Other Charges (Income) (Tables)
 6 Months Ended
Jun. 30, 2013
Restructuring and other charges income [Abstract]  
Schedule of restructuring and other charges (income)
Our restructuring and other charges (income) are comprised of restructuring, asset disposals and other charges (income) as noted below:
 
Three Months Ended June 30
 
Six Months Ended June 30
(in Millions)
2013
 
2012
 
2013
 
2012
Restructuring charges and asset disposals
$
4.4

 
$
4.3

 
$
12.8

 
$
5.4

Other charges (income), net
2.1

 
1.3

 
3.6

 
1.9

Total Restructuring and Other Charges
$
6.5

 
$
5.6

 
$
16.4

 
$
7.3
Schedule of restructuring charges and asset disposals
 
Restructuring Charges
 
 
 
(in Millions)
Severance and Employee Benefits (1)
 
Other Charges (Income) (2)
 
Asset Disposal Charges (3)
Total
Lithium Restructuring
1.1

 
1.4

 
1.0

3.5

Other Items
—

 
0.9

 
—

0.9

Three months ended June 30, 2013
$
1.1

 
$
2.3

 
$
1.0

$
4.4

Other Items
2.4

 
0.5

 
1.4

4.3

Three months ended June 30, 2012
$
2.4

 
$
0.5

 
$
1.4

$
4.3

 
 
 
 
 
 
 
Lithium Restructuring
3.7

 
3.6

 
2.0

9.3

Other Items
1.8

 
1.7

 
—

3.5

Six months ended June 30, 2013
$
5.5

 
$
5.3

 
$
2.0

$
12.8

Other Items
2.4

 
1.2

 
1.8

5.4

Six months ended June 30, 2012
$
2.4

 
$
1.2

 
$
1.8

$
5.4

____________________ 
(1)
Represents severance and employee benefit charges. Income represents adjustments to previously recorded severance and employee benefits.
(2)
Primarily represents costs associated with accrued lease payments, contract terminations, and other miscellaneous exit costs. Other Income primarily represents favorable developments on previously recorded exit costs as well as recoveries associated with restructuring.
(3)
Primarily represents accelerated depreciation and impairment charges on long-lived assets, which were or are to be abandoned. To the extent incurred, the acceleration effect of re-estimating settlement dates and revised cost estimates associated with asset retirement obligations due to facility shutdowns are also included within the asset disposal charges, see Note 8.

Restructuring reserve rollforward
The following table shows a roll forward of restructuring reserves that will result in cash spending. These amounts exclude asset retirement obligations, which are discussed in Note 8.
(in Millions)
Balance  at
12/31/12 (4)
 
Change in
reserves (2)
 
Cash
payments
 
Other (3)
 
Balance at
6/30/13 (4)
Lithium Restructuring
$
—

 
$
7.3

 
$
(4.9
)
 
$
—

 
$
2.4

Zeolites Shutdown
1.5

 
0.8

 
(1.0
)
 
—

 
1.3

Huelva Restructuring
3.0

 
0.5

 
(0.4
)
 
(0.2
)
 
2.9

Other Workforce Related and Facility Shutdowns (1)
6.0

 
2.2

 
(2.9
)
 
(0.2
)
 
5.1

Total
$
10.5

 
$
10.8

 
$
(9.2
)
 
$
(0.4
)
 
$
11.7

____________________ 
(1)
Primarily severance costs related to workforce reductions and facility shutdowns noted in the “Other Items” sections above.
(2)
Primarily severance, exited lease, contract termination and other miscellaneous exit costs. The accelerated depreciation and impairment charges noted above impacted our property, plant and equipment balances and are not included in the above tables.
(3)
Primarily foreign currency translation adjustments.
(4)
Included in “Accrued and other liabilities” on the condensed consolidated balance sheets.
Schedule of other charges (income), net
 
Three Months Ended June 30
 
Six Months Ended June 30
(in Millions)
2013
 
2012
 
2013
 
2012
Environmental Charges, Net
$
1.0

 
$
1.5

 
$
2.0

 
$
2.5

Other, Net
1.1

 
(0.2
)
 
1.6

 
(0.6
)
Other Charges (Income), Net
$
2.1

 
$
1.3

 
$
3.6

 
$
1.9