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RESTRUCTURING AND OTHER CHARGES
 12 Months Ended
Dec. 31, 2016
Restructuring and Other Charges  
Restructuring and Other Charges

15.RESTRUCTURING AND OTHER CHARGES

 

During 2016, the Company recognized charges totaling $4.8 related to its business restructuring program. The charges reflect costs associated with workforce reductions and facility consolidations which were substantially completed by the end of 2016.  

 

During 2015, the Company recognized charges totaling $49.0 in connection with its 2015 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 have been completed by the end of 2016 and future charges are not expected to be material.

 

The following table presents the liability balance and activity related to 2015 restructuring and other charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Facility Consolidations

 

Employee Severance

 

Program Discontinuance and other

 

Total

Original Accrual

$
30.2

 

$
6.9

 

$
11.9

 

$
49.0

 Disposals and Other Non-cash Charges

 
(15.7)

 

 
(0.6)

 

 
(11.9)

 

 
(28.2)

 Cash Paid

 
(5.3)

 

 
(4.1)

 

 

 -

 

 
(9.4)

Balance at December 31, 2015

$
9.2

 

$
2.2

 

$

 -

 

$
11.4

 Disposals and Other Non-cash Charges

 
(1.1)

 

 
(1.3)

 

 

 -

 

 
(2.4)

 Cash Paid

 
(4.5)

 

 
(0.9)

 

 

 -

 

 
(5.4)

Balance at December 31, 2016

$
3.6

 

$

 -

 

$

 -

 

$
3.6

 

The following table presents the pretax distribution of total 2015 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.