NOTE 4—RESTRUCTURING

Restructuring initiatives are driven and managed by our corporate management. These costs are not allocated to our reportable segments and are reported under Corporate and Other.

Restructuring expenses are reported as a component of Other operating (income) expenses, net in our Consolidated Statements of Operations. Previously, restructuring expenses were presented separately in our Consolidated Statements of Operations.

The following table presents restructuring costs incurred in the second quarter of 2016 and from inception, by major cost type. No restructuring costs were incurred during 2017.

		Three months ended			Six months ended			From inception to
		June 30, 2016						June 30, 2017
	(in thousands)
Americas Restructuring		$	(1,500	)	$	(1,500	)	$	44,194

McDermott Profitability Initiative
Severance and other personnel-related costs			992			1,425			17,807
Asset impairment and disposal			-			-			7,471
Legal and other advisor fees			49			222			11,639
Other			1,541			2,436			10,045
			2,582			4,083			46,962
Additional Overhead Reduction
Severance and other personnel-related costs			1,073			4,044			5,012
Legal and other advisor fees			240			1,968			2,768
Other			89			256			385
			1,402			6,268			8,165

Total		$	2,484		$	8,851		$	99,321