RESTRUCTURING, INTEGRATION AND OTHER COSTS (Tables)

9 Months Ended

Sep. 30, 2015

Salix

Restructuring costs

Schedule of major components of restructuring costs incurred in connection with acquisition-related initiatives

The following table summarizes the major components of the restructuring costs incurred in connection with the Salix Acquisition since the acquisition date through September 30, 2015:

	Severance and Related Benefits			IPR&D Termination Costs		Contract Termination, Facility Closure and Other Costs		Total
Balance, January 1, 2015	$	—		$	—	$	—	$	—
Costs incurred and/or charged to expense	82.4			—		—		82.4
Cash payments	(25.7		)	—		—		(25.7		)
Non-cash adjustments	2.2			—		—		2.2
Balance, June 30, 2015	$	58.9		$	—	$	—	$	58.9
Costs incurred and/or charged to expense	4.8			—		0.7		5.5
Cash payments	(21.0		)	—		—		(21.0		)
Balance, September 30, 2015	$	42.7		$	—	$	0.7	$	43.4

B&L

Restructuring costs

Schedule of major components of restructuring costs incurred in connection with acquisition-related initiatives

The following table summarizes the major components of the restructuring costs incurred in connection with the B&L Acquisition since the acquisition date through September 30, 2015:

	Employee Termination Costs						IPR&D Termination Costs		Contract Termination, Facility Closure and Other Costs
	Severance and Related Benefits			Share-Based Compensation(1)								Total
Balance, January 1, 2013	$	—		$	—		$	—	$	—		$	—
Costs incurred and/or charged to expense	155.7			52.8			—		25.6			234.1
Cash payments	(77.8		)	(52.8		)	—		(7.8		)	(138.4		)
Non-cash adjustments	11.4			—			—		(6.8		)	4.6
Balance, December 31, 2013	$	89.3		$	—		$	—	$	11.0		$	100.3
Costs incurred and charged to expense	46.0			—			—		23.7			69.7
Cash payments	(110.7		)	—			—		(24.9		)	(135.6		)
Non-cash adjustments	(5.7		)	—			—		(5.4		)	(11.1		)
Balance, December 31, 2014(2)	$	18.9		$	—		$	—	$	4.4		$	23.3
Costs incurred and charged to expense	3.0			—			—		0.9			3.9
Cash payments	(12.6		)	—			—		(1.3		)	(13.9		)
Non-cash adjustments	(1.5		)	—			—		(1.2		)	(2.7		)
Balance, March 31, 2015	$	7.8		$	—		$	—	$	2.8		$	10.6
Costs incurred and charged to expense	(0.5		)	—			—		0.1			(0.4		)
Cash payments	(3.7		)	—			—		(0.1		)	(3.8		)
Non-cash adjustments	0.3			—			—		—			0.3
Balance, June 30, 2015	$	3.9		$	—		$	—	$	2.8		$	6.7
Costs incurred and charged to expense	0.4			—			—		0.4			0.8
Cash payments	(1.1		)	—			—		—			(1.1		)
Non-cash adjustments	(0.2		)	—			—		(0.1		)	(0.3		)
Balance, September 30, 2015	$	3.0		$	—		$	—	$	3.1		$	6.1

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(1) Relates to B&L’s previously cancelled performance-based options and the acceleration of unvested stock options for B&L employees as a result of the B&L Acquisition, which were recognized in Other expense (income).

(2) In the nine-month period ended September 30, 2014, the Company recognized $64 million of restructuring charges and made payments of $123 million related to the B&L Acquisition.