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Restructuring
 3 Months Ended
Mar. 01, 2015
Restructuring Liabilities Disclosures [Abstract]  
Restructuring
RESTRUCTURING
In 2014, the Company announced and began to implement a global productivity initiative designed to streamline operations and fuel long-term profitable growth. The global productivity initiative will continue to be implemented through the end of 2015, with a focus on redesigning business processes and identifying opportunities to reduce costs, increase efficiencies and further streamline processes in supporting functions, supply chain and planning.
For the three months ended March 1, 2015, and February 23, 2014, the Company recognized restructuring charges, net, of $4.3 million and $57.9 million, respectively, which were recorded in "Restructuring, net" in the Company's consolidated statements of income. Related charges of $8.0 million and $6.4 million for the three months ended March 1, 2015, and February 23, 2014, respectively, consist primarily of consulting fees for the Company's centrally-led cost-savings and productivity projects, as well as transition costs associated with the Company's decision to outsource certain global business service activities. These related charges represent costs incurred associated with ongoing operations which will benefit future periods and thus were recorded in "Selling, general and administrative expenses" in the Company's consolidated statements of income. Cash payments for charges are expected to continue through the first half of 2016.
The table below summarizes the components of charges included in “Restructuring, net” in the Company’s consolidated statements of income:
 
Three Months Ended
 
March 1,
2015
 
February 23,
2014
 
(Dollars in thousands)
Restructuring, net:
 
 
 
Severance and employee-related benefits(1)
$
5,320

 
$
51,321

Adjustments to severance and employee-related benefits
(1,249
)
 
—

Lease and other contract termination costs
—

 
—

Other(2)
414

 
5,657

Adjustments to other
(482
)
 
—

Noncash pension and postretirement curtailment losses, net(3)
335

 
957

Total
$
4,338

 
$
57,935

_____________

(1)
Severance and employee-related benefits relate to items such as severance, based on separation benefits provided by Company policy or statutory benefit plans, out-placement services and career counseling for employees affected by the global productivity initiative.

(2)
Other restructuring costs are expensed as incurred and primarily relate to consulting fees and legal expenses associated with the execution of the restructuring initiative.

(3)
Noncash pension and postretirement curtailment gains or losses resulting from the global productivity initiative are included in restructuring charges, with the associated liabilities included in "Pension liability" and "Postretirement medical benefits" in the Company's consolidated balance sheets.
The Company is unable at this time to make a good faith determination of cost estimates, or ranges of cost estimates, for additional actions associated with the global productivity initiative. Final estimates for headcount, timing and charges in certain areas of the international business are subject to completion of applicable local works council and other consultative processes.
The following table summarizes the activities associated with restructuring liabilities for the three months ended March 1, 2015. In the table below, "Charges" represents the initial charge related to the restructuring activity. "Adjustments" includes revisions of estimates related to severance, employee-related benefits, lease and other contract termination costs, and other restructuring costs. "Payments" consists of cash payments for severance, employee-related benefits, lease and other contract termination costs, and other restructuring costs.
 
Three Months Ended March 1, 2015
 
Liabilities
 
 
 
Adjustments
 
 
 
Foreign Currency Fluctuation
 
Liabilities
 
November 30, 2014
 
Charges
 
 
Payments
 
 
March 1, 2015
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Severance and employee-related benefits
$
56,963

 
$
5,320

 
$
(1,249
)
 
$
(13,681
)
 
$
(3,738
)
 
$
43,615

Lease and other contract termination costs
—

 
—

 
—

 
—

 
—

 
—

Other
6,400

 
414

 
(482
)
 
(6,331
)
 
—

 
1

Total
$
63,363

 
$
5,734

 
$
(1,731
)
 
$
(20,012
)
 
$
(3,738
)
 
$
43,616

 
 
 
 
 
 
 
 
 
 
 
 
Current portion
$
57,817

 
 
 
 
 
 
 
 
 
$
42,596

Long-term portion
5,546

 
 
 
 
 
 
 
 
 
1,020

Total
$
63,363

 
 
 
 
 
 
 
 
 
$
43,616

 
Three Months Ended February 23, 2014
 
Liabilities
 
 
 
Adjustments
 
 
 
Foreign Currency Fluctuation
 
Liabilities
 
November 24, 2013
 
Charges
 
 
Payments
 
 
February 23, 2014
 
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Severance and employee-related benefits
$
—

 
$
51,321

 
$
—

 
$
—

 
$
—

 
$
51,321

Lease and other contract termination costs
—

 
—

 
—

 
—

 
—

 
—

Other
—

 
5,657

 
—

 
—

 
—

 
5,657

Total
$
—

 
$
56,978

 
$
—

 
$
—

 
$
—

 
$
56,978

 
 
 
 
 
 
 
 
 
 
 
 
Current portion
$
—

 
 
 
 
 
 
 
 
 
$
56,978

Long-term portion
—

 
 
 
 
 
 
 
 
 
—

Total
$
—

 
 
 
 
 
 
 
 
 
$
56,978