XML 31 R19.htm IDEA: XBRL DOCUMENT v3.5.0.2
Restructuring and Other Charges
6 Months Ended
Jun. 30, 2016
Restructuring and Other Charges  
Restructuring and Other Charges

Note 13.  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 end of 2016 and future charges are not expected to be material. No additional restructuring charges were incurred during the six months ended June 30, 2016.

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Disposals

 

 

 

 

 

 

Balance at

 

and Other

 

 

 

Balance at

 

 

December 31, 2015

    

Noncash Charges

    

Cash Paid

    

June 30, 2016

Facility Consolidations

$

9.2

 

$

(0.5)

 

$

(3.1)

 

$

5.6

Employee Severance

 

2.2

 

 

(0.5)

 

 

(0.6)

 

 

1.1

   

$

11.4

 

$

(1.0)

 

$

(3.7)

 

$

6.7