XML 43 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
RESTRUCTURING COSTS (Tables)
 9 Months Ended
Mar. 31, 2018
Restructuring and Related Activities [Abstract]  
Restructuring costs
Of the expected costs, the Company has incurred cumulative restructuring charges of $422.4 related to approved initiatives through March 31, 2018, 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
38.2

 
15.8

 
0.9

 
3.3

 
58.2

Cumulative through March 31, 2018
$
372.1

 
$
38.2

 
$
5.5

 
$
6.6

 
$
422.4

Restructuring costs for the three and nine months ended March 31, 2018 and 2017 are presented below:
 
Three Months Ended
March 31,
 
Nine Months Ended
March 31,
 
2018
 
2017
 
2018
 
2017
Global Integration Activities
$
21.3

 
$
156.5

 
$
58.2

 
$
170.1

Acquisition Integration Program
(0.2
)
 
(0.7
)
 
(3.5
)
 
3.9

Other Restructuring
21.6

 
—

 
20.9

 
5.0

Total
$
42.7

 
$
155.8

 
$
75.6

 
$
179.0
Schedule Of Related Liability Balance and Restructuring Costs
The related liability balance and activity of restructuring costs for the 2018 Restructuring Actions are presented below:
 
Severance and
Employee
Benefits
 
Third-Party
Contract
Terminations
 
Total
Program
Costs
Balance—July 1, 2017
$
—

 
$
—

 
$
—

Restructuring charges
20.4

 
0.1

 
20.5

Payments
(6.5
)
 
—

 
(6.5
)
Changes in estimates
—

 
—

 
—

Effect of exchange rates
(0.1
)
 
—

 
(0.1
)
Balance—March 31, 2018
$
13.8

 
$
0.1

 
$
13.9


The related liability balance and activity for the Global Integration Activities restructuring costs are presented below:
 
Severance and
Employee
Benefits
 
Third-Party
Contract
Terminations
 
Fixed Asset Write-offs
 
Other
Exit
Costs
 
Total
Program
Costs
Balance—July 1, 2017
$
310.8

 
$
14.9

 
$
—

 
$
2.8

 
$
328.5

Restructuring charges
48.7

 
18.8

 
0.9

 
3.3

 
71.7

Payments
(113.5
)
 
(11.9
)
 
—

 
(3.0
)
 
(128.4
)
Changes in estimates
(10.5
)
 
(3.0
)
 
—

 
—

 
(13.5
)
Non-cash utilization
—

 
—

 
(0.9
)
 
—

 
(0.9
)
Effect of exchange rates
24.8

 
(0.1
)
 
—

 
(0.4
)
 
24.3

Balance—March 31, 2018
$
260.3

 
$
18.7

 
$
—

 
$
2.7

 
$
281.7

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
—

 
—

 
1.9

 
1.9

Payments
(16.6
)
 
—

 
(1.6
)
 
(18.2
)
Changes in estimates (a)
(5.4
)
 
—

 
—

 
(5.4
)
Effect of exchange rates
0.9

 
—

 
0.4

 
1.3

Balance—March 31, 2018
$
3.7

 
$
1.5

 
$
4.8

 
$
10.0

 
 
(a) The decrease in severance and employee benefits is primarily attributable to favorable settlements with restructured employees.