Restructuring and Other Charges, Net (Tables)

6 Months Ended

Jul. 02, 2017

Summary of the pre-tax cost by restructuring program


	Second Quarter Ended				Six Months Ended
	July 2,		July 3,		July 2,		July 3,
	2017		2016		2017		2016
					(in millions)
Restructuring costs:
2015 Actions	$	1.6	$	0.8	$	1.6	$	1.8
Other Actions		0.1		2.4		0.6		2.8
Total restructuring charges	$	1.7	$	3.2	$	2.2	$	4.6

Summary of recorded pre-tax restructuring and other charges, net by business segment


	Second Quarter Ended				Six Months Ended
	July 2,		July 3,		July 2,		July 3,
	2017		2016		2017		2016
					(in millions)
Americas	$	1.4	$	0.8	$	1.9	$	1.6
Europe		0.1		2.5		0.1		2.9
APMEA		0.2		—		0.2		0.2
Corporate		—		(0.1)		—		(0.1)
Total	$	1.7	$	3.2	$	2.2	$	4.6

2015 Actions | Americas and APMEA

Restructuring

Summary of total expected, incurred and remaining pre-tax restructuring costs


							Facility
			Legal and		Asset		exit
	Severance		consultancy		write‑downs		and other		Total
	(in millions)
Costs incurred—2015	$	8.5		0.7		1.6		2.8		13.6
Costs incurred—2016		(1.5)		0.2		2.9		0.5		2.1
Costs incurred—first quarter 2017		—		—		—		—		—
Costs incurred—second quarter 2017		0.2		—		1.2		0.2		1.6
Remaining costs to be incurred		—		0.1		0.6		1.5		2.2
Total expected restructuring costs	$	7.2	$	1.0	$	6.3	$	5.0	$	19.5

Summary of restructuring reserve activity

The following table summarizes total restructuring costs incurred for the three and six months ended July 2, 2017, incurred program to date and expected remaining pre-tax restructuring costs by business segment for the Company’s Americas and APMEA 2015 transformation program:


	Second Quarter Ended		Six Months Ended						Total
	July 2,		July 2,		Incurred		Remaining		Expected
	2017		2017		to Date		costs		Costs
			(in millions)
APMEA	$	0.2	$	0.2	$	4.6	$	—	$	4.6
Americas		1.4		1.4		12.7		2.2		14.9
Total restructuring costs	$	1.6	$	1.6	$	17.3	$	2.2	$	19.5

Details of the restructuring reserve activity for the Company’s Americas and APMEA 2015 transformation program for the period ended July 2, 2017 are as follows:


							Facility
			Legal and		Asset		exit
	Severance		consultancy		write-downs		and other		Total
	(in millions)
Balance at December 31, 2016	$	1.2	$	—	$	—	$	—	$	1.2
Net pre-tax restructuring charges		—		—		—		—		—
Utilization and foreign currency impact		(0.6)		—		—		—		(0.6)
Balance at April 2, 2017	$	0.6	$	—	$	—	$	—	$	0.6
Net pre-tax restructuring charges		0.2		—		1.2		0.2		1.6
Utilization and foreign currency impact		(0.1)		—		(1.2)		(0.2)		(1.5)
Balance at July 2, 2017	$	0.7	$	—	$	—	$	—	$	0.7

Other Actions

Restructuring

Summary of restructuring reserve activity

The following table summarizes total expected, incurred and remaining pre-tax restructuring costs for the Europe 2015 restructuring actions:


					Facility
			Legal and		Exit
	Severance		consultancy		and other		Total
	(in millions)
Costs incurred—2015	$	6.6	$	—	$	0.3	$	6.9
Costs incurred—2016		1.3		0.5		—		1.8
Adjustments to restructuring costs — first quarter 2017		(0.3)		—		—		(0.3)
Costs incurred—second quarter 2017		—		—		—		—
Remaining costs to be incurred		1.4		0.2		—		1.6
Total expected restructuring costs	$	9.0	$	0.7	$	0.3	$	10.0

Details of the Company’s Europe 2015 restructuring reserve activity for the six months ended July 2, 2017 are as follows:


			Legal and		Facility exit
	Severance		Consultancy		and other		Total
	(in millions)
Balance at December 31, 2016	$	4.8	$	—	$	—	$	4.8
Net pre-tax restructuring adjustments		(0.3)		—		—		(0.3)
Utilization and foreign currency impact		(0.9)		—		—		(0.9)
Balance at April 2, 2017	$	3.6	$	—	$	—	$	3.6
Net pre-tax restructuring charges		—		—		—		—
Utilization and foreign currency impact		(0.3)		—		—		(0.3)
Balance at July 2, 2017	$	3.3	$	—	$	—	$	3.3