Impairments, Restructuring Charges, and Other Items

3 Months Ended

Mar. 31, 2012

Impairments, Restructuring Charges, and Other Items [Abstract]

Impairments, Restructuring Charges, and Other Items

NOTE 10. Impairments, Restructuring Charges, and Other Items

The charges recorded as impairment, restructuring, and other charges for the three months ended March 31, 2012 and 2011 are as follows:

(In Millions)	Three Months Ended March 31,
	2012		2011
Severance, restructuring costs, and special termination benefits	$	1.2	$	3.3
Total impairments, restructuring charges, and other items	$	1.2	$	3.3

Impairments, restructuring charges, and other items for the first quarter of 2012 include $1.2 million related to severance associated with a reduction in force at our Brazilian ($0.7 million), North American ($0.2 million), and Corporate ($0.3 million) locations.

Impairments, restructuring charges, and other items for the first quarter of 2011 include $3.3 million related to severance associated with a reduction in force at our Brazilian ($0.2 million) and Corporate ($3.1 million) locations. On March 7, 2011, our President and Chief Executive Officer and our Board of Directors mutually determined to separate our President and Chief Executive Officer’s employment with us after an approximately 90-day transition period. The $3.1 million severance associated with a reduction in force at our Corporate location includes $1.35 million relating to our President and Chief Executive Officer’s separation.

The following table reconciles activities for the three months ended March 31, 2012 for accrued impairment, restructuring charges and other items.

(In Millions)	Severance			Other			Total
Balance at January 1, 2012	$	0.1		$	1.8		$	1.9
Accruals		0.5			—			0.5
Payments		(0.1	)		(0.2	)		(0.3	)
Balance at March 31, 2012	$	0.5		$	1.6		$	2.1

The accrued severance balance at March 31, 2012 includes $0.4 million for payments to be made related to our reduction in force at our corporate locations and is expected to be paid in the second quarter of 2012. The remaining $0.1 million of accrued severance relates to payments to be made related to our European reduction in force and is expected to be paid in 2012. The environmental reserve balance at March 31, 2012, included in other, represents the estimated costs associated with remediation activities at our former Tecumseh, Michigan facility, and is expected to be paid in the next 12 months. See Note 14, “Commitments and Contingencies”, for additional information.