RESTRUCTURING AND OTHER CHARGES

12 Months Ended

Dec. 31, 2015

Restructuring and Other Charges

RESTRUCTURING AND OTHER CHARGES

15. RESTRUCTURING AND OTHER CHARGES

During 2015, the Company recognized charges totaling$49.0 in connection with its cost reduction program. The charges reflect costs associated with facilities consolidation, product rationalization, workforce reductions and program discontinuance. The charges are included in the amounts and descriptions below, as appropriate.  The Company expects the cost reduction initiatives to offset inflationary pressures on wages, occupancy and infrastructure costs. The majority of the activities related to the cost reduction program are expected to be completed by the third quarter of 2016 and future charges are not expected to be material.

The following table presents the liability balance and activity related to restructuring and other charges:

				Disposals
				and Other				Balance at
		Original Accrual		Non-cash Charges		Cash Paid		December 31, 2015
Facility Consolidations	$	30.2	$	(15.7)	$	(5.3)	$	9.2
Employee Severance		6.9		(0.6)		(4.1)		2.2
Program Discontinuance and other		11.9		(11.9)		-		-
	$	49.0	$	(28.2)	$	(9.4)	$	11.4

The following table presents the pretax distribution of total restructuring and other charges by classification in the consolidated statement of earnings and comprehensive income for the year ended December 31, 2015:

Cost of Sales	$	15.3
Selling, general and administrative		28.8
Research, development and engineering		4.9
	$	49.0

The following table presents the pretax impact of total restructuring and other charges(1) by segment for the year ended December 31, 2015:

Commercial aircraft	$	29.3
Business jet		19.7
	$	49.0

(1) Corporate cost reduction and other charges have been allocated to the above segments in a manner consistent with our corporate expense allocations.