Restructuring and Other Charges (Income) (Tables)

12 Months Ended

Dec. 31, 2015

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Other Charges (Income)

The following table shows total restructuring and other charges included in the respective line items of the Consolidated Statements of Income:



	Year Ended December 31,
(in Millions)	2015		2014		2013
Restructuring Charges and Asset Disposals	$	217.7	$	17.2	$	12.2
Other Charges (Income), Net	26.3		39.2		38.3
Total Restructuring and Other Charges	$	244.0	$	56.4	$	50.5

Schedule of Restructuring Charges and Asset Disposals

RESTRUCTURING CHARGES AND ASSET DISPOSALS



	Restructuring Charges
(in Millions)	Severance and Employee Benefits ⁽¹⁾		Other Charges (Income) ⁽²⁾			Asset Disposal Charges ⁽³⁾		Total
Cheminova Restructuring	23.5		2.7			92.1		118.3
Health and Nutrition Restructuring	6.5		1.0			86.1		93.6
Other Items	6.0		(0.2		)	—		5.8
Year ended December 31, 2015	$	36.0	$	3.5		$	178.2	$	217.7
Health and Nutrition Restructuring	10.1		0.7			3.1		13.9
Other Items	0.5		2.6			0.2		3.3
Year ended December 31, 2014	$	10.6	$	3.3		$	3.3	$	17.2
Lithium Restructuring	2.8		4.4			1.9		9.1
Other Items	1.8		0.9			0.4		3.1
Year ended December 31, 2013	$	4.6	$	5.3		$	2.3	$	12.2

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(1)	Represents severance and employee benefit charges.


(2)	Primarily represents costs associated with lease payments, contract terminations, and other miscellaneous exit costs. Other Income primarily represents favorable developments on previously recorded exit costs and 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.

Restructuring Reserve Roll Forward

The following table shows a roll forward of restructuring reserves that will result in cash spending. These amounts exclude asset retirement obligations.



(in Millions)	Balance at 12/31/13 ⁽⁴⁾		Change in reserves ⁽²⁾		Cash payments			Other⁽³⁾		Balance at 12/31/14 ⁽⁴⁾		Change in reserves ⁽²⁾			Cash payments			Other ⁽³⁾		Balance at 12/31/15 ⁽⁴⁾
Cheminova Restructuring	$	—	$	—	$	—		$	—	$	—	$	26.2		$	(18.1	)	$	0.6	$	8.7
Health and Nutrition Restructuring	—		10.8		(6.2		)	—		4.6		7.5			(10.2		)	1.0		2.9
Other Workforce Related and Facility Shutdowns ⁽¹⁾	3.1		3.1		(3.2		)	—		3.0		5.8			(6.5		)	1.3		3.6
Restructuring activities related to discontinued operations ⁽⁵⁾	3.0		2.3		(3.3		)	0.7		2.7		(2.2		)	(0.1		)	—		0.4
Total	$	6.1	$	16.2	$	(12.7	)	$	0.7	$	10.3	$	37.3		$	(34.9	)	$	2.9	$	15.6

____________________


(1)	Primarily severance costs related to workforce reductions and facility shutdowns described 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 or intangible balances and are not included in the above tables.


(3)	Primarily foreign currency translation adjustments.


(4)	Included in “Accrued and other liabilities” on the consolidated balance sheets.


(5)	Cash spending associated with restructuring activities of discontinued operations is reported within "Payments of other discontinued reserves, net of recoveries" on the consolidated statements of cash flows.

Schedule of Other Charges Included Within Restructuring And Other Charges Income



	Year Ended December 31,
(in Millions)	2015			2014			2013
Environmental charges, net	$	21.7		$	43.7		$	6.2
Argentina Devaluation	10.7			—			—
Belchim Crop Protection sale	(26.6		)	(26.6		)	—
Other items, net	20.5			22.1			32.1
Other Charges (Income), Net	$	26.3		$	39.2		$	38.3