XML 46 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
RESTRUCTURING COSTS (Tables)
3 Months Ended
Sep. 30, 2017
Restructuring and Related Activities [Abstract]  
Restructuring costs
Of the expected costs, the Company has incurred cumulative restructuring charges of $374.0 related to approved initiatives through September 30, 2017, which have been recorded in Corporate. The following table presents aggregate restructuring charges for the program:
 
Severance and Employee Benefits
 
Third-Party Contract Terminations
 
Fixed Asset Write-offs
 
Other Exit Costs
 
Total
Fiscal 2017
$
333.9

 
$
22.4

 
$
4.6

 
$
3.3

 
$
364.2

Fiscal 2018
0.4

 
8.0

 

 
1.4

 
9.8

Cumulative through September 30, 2017
$
334.3

 
$
30.4

 
$
4.6

 
$
4.7

 
$
374.0

Restructuring costs for the three months ended September 30, 2017 and 2016 are presented below:
 
Three Months Ended
September 30,
 
2017
 
2016
Global Integration Activities
$
9.8

 
$

Acquisition Integration Program

 
3.2

Other Restructuring
1.4

 
4.2

Total
$
11.2

 
$
7.4

The related liability balance and activity for restructuring costs
The related liability balance and activity for the Acquisition Integration Program costs are presented below:
 
Severance and
Employee
Benefits
 
Third-Party
Contract
Terminations
 
Other
Exit
Costs
 
Total
Program
Costs
Balance—July 1, 2017
$
24.8

 
$
1.5

 
$
4.1

 
$
30.4

Restructuring charges

 

 

 

Payments
(9.2
)
 

 
(0.6
)
 
(9.8
)
Changes in estimates

 

 

 

Non-cash utilization

 

 

 

Effect of exchange rates
0.8

 

 
0.1

 
0.9

Balance—September 30, 2017
$
16.4

 
$
1.5

 
$
3.6

 
$
21.5

 
Severance and
Employee
Benefits
 
Third-Party
Contract
Terminations
 
Other
Exit
Costs
 
Total
Program
Costs
Balance—July 1, 2017
$
310.8

 
$
14.9

 
$
2.8

 
$
328.5

Restructuring charges
3.9

 
8.0

 
1.4

 
13.3

Payments
(39.5
)
 
(2.9
)
 
(1.2
)
 
(43.6
)
Changes in estimates
(3.5
)
 

 

 
(3.5
)
Effect of exchange rates
13.5

 
0.1

 
0.2

 
13.8

Balance—September 30, 2017
$
285.2

 
$
20.1

 
$
3.2

 
$
308.5