Restructuring

During the six months ended June 28, 2014 and the year ended December 31, 2013, we continued execution of certain business restructuring initiatives aimed at reducing our fixed cost structure and realigning our business. The 2014 initiatives included the reduction in hourly and salaried headcount of approximately 900 employees, consisting of approximately 400 in Valves & Controls, 100 in Process Technologies, 300 in Flow Technologies and 100 in Technical Solutions. The 2013 initiatives included the reduction in hourly and salaried headcount of approximately 1,150 employees, consisting of approximately 500 in Valves & Controls, 150 in Process Technologies, 200 in Flow Technologies and 300 in Technical Solutions.

Restructuring related costs included in Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) included costs for severance and other restructuring costs as follows:



	Three months ended				Six months ended
In millions	June 28, 2014		June 29, 2013		June 28, 2014		June 29, 2013
Severance and related costs	$	22.4	$	19.8	$	40.8	$	39.8
Other	15.0		6.9		19.8		8.5
Total restructuring costs	$	37.4	$	26.7	$	60.6	$	48.3

Other restructuring costs primarily consist of asset impairment and various contract termination costs.

Restructuring costs by reportable segment for the three and six months ended June 28, 2014 and June 29, 2013 are as follows:



	Three months ended				Six months ended
In millions	June 28, 2014		June 29, 2013		June 28, 2014		June 29, 2013
Valves & Controls	$	17.9	$	13.5	$	27.7	$	18.2
Process Technologies	6.9		2.5		9.5		4.1
Flow Technologies	9.4		4.1		17.6		9.1
Technical Solutions	3.2		4.8		5.8		15.1
Other	—		1.8		—		1.8
Consolidated	$	37.4	$	26.7	$	60.6	$	48.3

Activity in the restructuring accrual recorded in Other current liabilities and Employee compensation and benefits in the Condensed Consolidated Balance Sheets is summarized as follows for the six months ended June 28, 2014:



In millions	June 28, 2014
Beginning balance	$	78.6
Costs incurred	40.8
Cash payments and other	(28.1		)
Ending balance	$	91.3