1.6 Restructuring

Restructuring provisions are made on a case-by-case basis and primarily include severance costs incurred in connection with headcount reductions and plant consolidations. The Company expects to finance restructuring programs over the next several years through cash generated from its ongoing operations or through cash available under existing credit facilities. The Company does not expect that the execution of these activities will have a material adverse impact on its liquidity position.

First quarter of 2012

The employee-related restructuring provisions in the first quarter of 2012 mainly relate to headcount reductions in Europe. The cash payments mainly relate to high-cost countries in Europe. The changes in the employee-related reserves were charged against Other income (expense), net in the Consolidated Statements of Income. The table below summarizes the change in the balance sheet position of the restructuring reserves from December 31, 2011 to March 31, 2012.


	December 31, 2011		Provision/ Charge		Provision/ Reversal			Cash payments			Translation difference		March 31, 2012
Restructuring employee-related	$	31.4	$	48.1	$	(0.1	)	$	(3.1	)	$	1.8	$	78.1
Other		0.9		—		—			—			0		0.9

Total reserve	$	32.3	$	48.1	$	(0.1	)	$	(3.1	)	$	1.8	$	79.0

2011

In 2011, the employee-related restructuring provisions, made on a case-by-case basis, relate mainly to headcount reductions throughout Europe and North America. Reversals in 2011 mainly relate to restructuring reserves in Europe and were due to capacity reduction that was not as severe as originally planned and communicated. The cash payments mainly relate to high-cost countries in Europe and in Australia. The changes in the employee-related reserves have been charged against Other income (expense), net in the Consolidated Statements of Income. The table below summarizes the change in the balance sheet position of the restructuring reserves from December 31, 2010 to December 31, 2011.


	December 31, 2010		Provision/ Charge		Provision/ Reversal			Cash payments			Translation difference			December 31, 2011
Restructuring employee-related	$	48.4	$	10.1	$	(4.9	)	$	(22.2	)	$	(0	)	$	31.4
Other		0.2		0.8		—			(0.1	)		—			0.9

Total reserve	$	48.6	$	10.9	$	(4.9	)	$	(22.3	)	$	(0	)	$	32.3