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RESTRUCTURING
6 Months Ended
Jun. 30, 2012
RESTRUCTURING

6. RESTRUCTURING

We have historically implemented various cost reduction initiatives to improve our operating cost structures. These cost initiatives have, among other actions, included workforce reductions and the closure or consolidation of certain operations.

In December 2011, we adopted the 2011 Restructuring Plan, which included the closure of four underperforming manufacturing facilities. We incurred a $37 pre-tax (largely non-cash) charge in the 4th quarter of 2011 primarily related to this plan, which included $31 of long-lived asset impairments and $6 of other restructuring-related costs. Approximately $1.5 in restructuring costs, and approximately $1 of long-lived asset impairments during the first six months of 2012 were related to this plan. We expect total 2012 restructuring and impairment costs for this plan to approximate $3, with plant closures complete by the end of the year.

Our total restructuring-related costs (excluding long-lived asset impairments) for the periods presented were comprised of:

 

     Six Months Ended
June 30,
    Three Months Ended
June 30,
 
     2012     2011     2012      2011  

Charged to other expense (income), net:

         

Severance and other restructuring costs

   $ 4.4      $ 2.2      $ 2.9       $ 1.0   

(Gain) loss from sale of assets

     (1.7     (.1     .1         (.2
  

 

 

   

 

 

   

 

 

    

 

 

 

Total restructuring and restructuring-related costs

   $ 2.7      $ 2.1      $ 3.0       $ .8